Roman Butler Fullerton & Co. Grows Holdings in Atkore Inc. (NYSE:ATKR)

Roman Butler Fullerton & Co. increased its position in Atkore Inc. (NYSE:ATKR) by 3.2% in the 4th quarter, HoldingsChannel reports. The fund owned 2,755 shares of the company’s stock after buying an additional 85 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in Atkore were worth $422,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. grew its holdings in Atkore by 289.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 16,458 shares of the company’s stock valued at $1,620,000 after buying an additional 12,234 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Atkore by 108.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,604 shares of the company’s stock valued at $945,000 after buying an additional 4,989 shares in the last quarter. HighTower Advisors LLC grew its holdings in Atkore by 2.5% during the 1st quarter. HighTower Advisors LLC now owns 16,070 shares of the company’s stock valued at $1,582,000 after buying an additional 388 shares in the last quarter. Cetera Advisor Networks LLC purchased a new stake in Atkore during the 1st quarter valued at approximately $223,000. Finally, PNC Financial Services Group Inc. grew its holdings in Atkore by 12.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,464 shares of the company’s stock valued at $931,000 after buying an additional 1,031 shares in the last quarter.

Insider Buying and Selling

In related news, VP Daniel S. Kelly sold 8,685 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $173.07, for a total value of $1,503,112.95. Following the completion of the sale, the vice president now directly owns 34,907 shares in the company, valued at $6,041,354.49. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP Daniel S. Kelly sold 8,685 shares of Atkore stock in a transaction on Friday, March 1st. The stock was sold at an average price of $173.07, for a total transaction of $1,503,112.95. Following the completion of the sale, the vice president now directly owns 34,907 shares in the company, valued at $6,041,354.49. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Leangela W. Lowe sold 6,500 shares of Atkore stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $176.07, for a total value of $1,144,455.00. Following the sale, the vice president now owns 25,590 shares of the company’s stock, valued at $4,505,631.30. The disclosure for this sale can be found here. Insiders sold a total of 148,464 shares of company stock worth $25,124,751 over the last three months. 2.56% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ATKR has been the subject of a number of research analyst reports. StockNews.com raised shares of Atkore from a “hold” rating to a “buy” rating in a report on Friday, April 5th. Citigroup increased their target price on Atkore from $176.00 to $200.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $187.00 target price on shares of Atkore in a research report on Friday, March 22nd.

Atkore Stock Up 0.6 %

NYSE ATKR opened at $171.12 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.99 and a current ratio of 2.96. The company has a market capitalization of $6.29 billion, a P/E ratio of 10.26 and a beta of 2.19. Atkore Inc. has a one year low of $116.14 and a one year high of $194.98. The stock has a 50 day moving average price of $169.71 and a 200-day moving average price of $151.99.

Atkore (NYSE:ATKR) last issued its quarterly earnings results on Thursday, February 1st. The company reported $4.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $1.04. The company had revenue of $798.50 million during the quarter, compared to the consensus estimate of $777.05 million. Atkore had a return on equity of 46.79% and a net margin of 18.80%. Atkore’s revenue was down 4.2% on a year-over-year basis. During the same period last year, the company earned $4.51 earnings per share. As a group, equities analysts predict that Atkore Inc. will post 15.06 EPS for the current fiscal year.

Atkore Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were given a $0.32 dividend. The ex-dividend date was Monday, February 26th. This represents a $1.28 dividend on an annualized basis and a yield of 0.75%. Atkore’s dividend payout ratio is presently 7.67%.

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.