Atkore Inc. (NYSE:ATKR) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lessened its stake in Atkore Inc. (NYSE:ATKR) by 44.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,015 shares of the company’s stock after selling 64,162 shares during the period. Loomis Sayles & Co. L P owned 0.22% of Atkore worth $6,696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of ATKR. Allspring Global Investments Holdings LLC boosted its stake in Atkore by 26.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,234,350 shares of the company’s stock valued at $104,599,000 after acquiring an additional 261,234 shares in the last quarter. Swedbank AB purchased a new stake in shares of Atkore in the first quarter valued at about $47,591,000. Marshall Wace LLP raised its holdings in shares of Atkore by 1,047.5% in the second quarter. Marshall Wace LLP now owns 224,267 shares of the company’s stock valued at $30,260,000 after buying an additional 204,723 shares during the last quarter. Boston Trust Walden Corp purchased a new stake in shares of Atkore in the second quarter valued at about $23,306,000. Finally, American Century Companies Inc. raised its holdings in shares of Atkore by 22.9% in the second quarter. American Century Companies Inc. now owns 773,697 shares of the company’s stock valued at $104,395,000 after buying an additional 144,283 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Atkore

In other Atkore news, VP Daniel S. Kelly sold 13,071 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $95.74, for a total value of $1,251,417.54. Following the completion of the transaction, the vice president now directly owns 27,528 shares of the company’s stock, valued at approximately $2,635,530.72. This trade represents a 32.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Mark F. Lamps sold 500 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $96.55, for a total transaction of $48,275.00. Following the completion of the transaction, the insider now directly owns 27,626 shares of the company’s stock, valued at approximately $2,667,290.30. This trade represents a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.56% of the stock is currently owned by corporate insiders.

Atkore Trading Down 1.9 %

NYSE ATKR opened at $93.16 on Thursday. The stock has a market capitalization of $3.25 billion, a P/E ratio of 7.38 and a beta of 2.13. Atkore Inc. has a 52-week low of $76.01 and a 52-week high of $194.98. The firm has a 50-day moving average price of $88.26 and a 200 day moving average price of $111.70. The company has a quick ratio of 1.96, a current ratio of 2.98 and a debt-to-equity ratio of 0.50.

Atkore Dividend Announcement

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

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.