American Century Companies Inc. owns $104.40 million shares in Atkore Inc. (NYSE:ATKR)

American Century Companies Inc. increased its stake in shares of Atkore Inc. (NYSE:ATKR – Free Report) by 22.9% in the second quarter, according to the company in its most recent SEC disclosure. The firm owned 773,697 shares of the company’s stock after acquiring an additional 144,283 shares during the quarter. American Century Companies Inc. owned about 2.12% of Atkore worth $104,395,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ATKR. ICA Group Wealth Management LLC acquired a new stake in Atkore in the 4th quarter valued at approximately $25,000. LifeSteps Financial Inc. acquired a new stake in shares of Atkore in the 1st quarter valued at approximately $33,000. Global Retirement Partners LLC raised its position in Atkore by 405.1% in the first quarter. Global Retirement Partners LLC now owns 197 shares of the company’s stock worth $38,000 after buying an additional 158 shares in the last quarter. Principal Securities Inc. purchased a new position in Atkore in the 4th quarter worth $66,000. Finally, Mather Group LLC. boosted its position in Atkore by 895.7% in the second quarter. Mather Group LLC. now owns 468 shares of the company’s stock valued at $63,000 after purchasing an additional 421 shares in the last quarter.

Changes in Analyst Ratings

A number of equities research analysts recently weighed in on ATKR shares. Royal Bank of Canada downgraded Atkore from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $175.00 to $100.00 in a research report on Wednesday. August 7. B. Riley decreased their price objective on Atkore from $183.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Finally, KeyCorp cut their price target on shares of Atkore from $125.00 to $105.00 and set an “overweight” rating on the stock in a research report on Friday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Atkore presently has a consensus rating of “Hold” and a consensus price target of $132.00, according to MarketBeat.com.

Get the latest research report on ATKR

Atkore Stock Performance

Shares of ATKR stock opened at $86.39 on Friday. The company has a market cap of $3.10 billion, a PE ratio of 5.39 and a beta of 2.14. The firm has a 50-day moving average of $111.41 and a 200-day moving average of $144.27. Atkore Inc. it has a one year low of $80.11 and a one year high of $194.98. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.26, and a quick ratio of 2.03.

Atkore (NYSE:ATKR – Get Your Free Report ) last released its quarterly earnings data on Tuesday, August 6th. The company reported $3.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $0.28. Atkore had a return on equity of 36.96% and a net margin of 16.47%. The firm had revenue of $822.40 million for the quarter, compared to analyst estimates of $830.16 million. In the same quarter last year, the company earned $5.13 per share. The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. As a group, equities analysts estimate that Atkore Inc. will post 12.69 earnings per share for the current year.

Atkore announces dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Tuesday, August 20th were issued a dividend of $0.32 per share. This represents an annualized dividend of $1.28 and a dividend yield of 1.48%. The ex-dividend date was Tuesday, August 20th. Atkore’s dividend payout ratio (DPR) is currently 7.98%.

Insider buying and selling at Atkore

In other Atkore news, insider Mark F. Lamps sold 500 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $95.47, for a total value of $47,735.00. Following the completion of the transaction, the insider now owns 28,086 shares of the company’s stock, valued at approximately $2,681,370.42. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Insiders own 2.56% of the company’s shares.

About Atkore

(Free Report)

Atkore Inc is engaged in the manufacturing and sale of electrical, mechanical, safety and infrastructure products and solutions in the United States and internationally. The company offers pipes, cables and installation accessories. It also designs and manufactures protection and reliability solutions for critical infrastructure such as metal frames, mechanical conduit, perimeter security and cable management.

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