Daniel S. Kelly Sells 13,071 Shares of Atkore Inc. (NYSE:ATKR) Stock

Atkore Inc. (NYSE:ATKR) VP Daniel S. Kelly sold 13,071 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $95.74, for a total value of $1,251,417.54. Following the transaction, the vice president now directly owns 27,528 shares of the company’s stock, valued at approximately $2,635,530.72. The trade was a 32.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Atkore Stock Performance

ATKR opened at $93.17 on Friday. Atkore Inc. has a twelve month low of $76.01 and a twelve month high of $194.98. The firm has a market capitalization of $3.25 billion, a PE ratio of 7.38 and a beta of 2.13. The company has a current ratio of 2.98, a quick ratio of 1.96 and a debt-to-equity ratio of 0.50. The firm’s 50-day moving average price is $88.34 and its 200 day moving average price is $111.57.

Atkore Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Friday, December 6th. Atkore’s dividend payout ratio is currently 10.13%.

Analyst Ratings Changes

ATKR has been the subject of a number of research analyst reports. Royal Bank of Canada reduced their price objective on shares of Atkore from $99.00 to $93.00 and set a “sector perform” rating for the company in a research report on Friday, November 22nd. Loop Capital reduced their price target on shares of Atkore from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. KeyCorp lowered their price objective on Atkore from $125.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, September 13th. Finally, B. Riley lowered Atkore from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $135.00 to $84.00 in a research note on Friday, November 22nd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Atkore presently has an average rating of “Hold” and a consensus target price of $117.00.

Institutional Investors Weigh In On Atkore

A number of large investors have recently made changes to their positions in ATKR. Hodges Capital Management Inc. acquired a new position in Atkore during the second quarter worth $4,158,000. Boston Trust Walden Corp acquired a new position in shares of Atkore during the 2nd quarter valued at about $23,306,000. Maverick Capital Ltd. grew its holdings in shares of Atkore by 386.9% in the second quarter. Maverick Capital Ltd. now owns 9,709 shares of the company’s stock valued at $1,310,000 after purchasing an additional 7,715 shares during the period. Price T Rowe Associates Inc. MD increased its position in Atkore by 1.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 449,323 shares of the company’s stock worth $85,535,000 after purchasing an additional 4,852 shares during the last quarter. Finally, Chase Investment Counsel Corp raised its stake in Atkore by 97.0% during the third quarter. Chase Investment Counsel Corp now owns 13,000 shares of the company’s stock worth $1,101,000 after purchasing an additional 6,400 shares during the period.

About Atkore

Atkore Inc engages in the manufacture and sale of electrical, mechanical, safety, and infrastructure products and solutions in the United States and internationally. The company offers conduits, cables, and installation accessories. It also designs and manufactures protection and reliability solutions for critical infrastructure, such as metal framing, mechanical pipe, perimeter security, and cable management.