Lattice Capital Management LLC Grows Stock Holdings in Atkore Inc. (NYSE:ATKR)

Lattice Capital Management LLC lifted its position in shares of Atkore Inc. (NYSE:ATKR) by 73.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,600 shares of the company’s stock after buying an additional 1,100 shares during the quarter. Atkore makes up 0.0% of Lattice Capital Management LLC’s holdings, making the stock its 19th largest holding. Lattice Capital Management LLC’s holdings in Atkore were worth $416,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Cornercap Investment Counsel Inc. lifted its stake in Atkore by 1.3% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 5,017 shares of the company’s stock worth $803,000 after purchasing an additional 63 shares in the last quarter. Ritholtz Wealth Management lifted its stake in Atkore by 3.5% in the 4th quarter. Ritholtz Wealth Management now owns 2,042 shares of the company’s stock worth $327,000 after purchasing an additional 69 shares in the last quarter. Riverwater Partners LLC lifted its stake in Atkore by 0.6% in the 4th quarter. Riverwater Partners LLC now owns 13,245 shares of the company’s stock worth $2,119,000 after purchasing an additional 78 shares in the last quarter. Metropolitan Life Insurance Co NY lifted its stake in Atkore by 3.3% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 2,531 shares of the company’s stock worth $287,000 after purchasing an additional 81 shares in the last quarter. Finally, Navellier & Associates Inc. lifted its stake in Atkore by 0.7% in the 3rd quarter. Navellier & Associates Inc. now owns 11,837 shares of the company’s stock worth $1,766,000 after purchasing an additional 83 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ATKR shares. StockNews.com upgraded shares of Atkore from a “hold” rating to a “buy” rating in a report on Friday, April 5th. Royal Bank of Canada restated an “outperform” rating and issued a $187.00 target price on shares of Atkore in a report on Friday, March 22nd. Finally, Citigroup boosted their target price on shares of Atkore from $176.00 to $200.00 and gave the stock a “neutral” rating in a report on Monday, April 8th.

Insider Activity at Atkore

In related news, VP Leangela W. Lowe sold 6,500 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $176.07, for a total transaction of $1,144,455.00. Following the completion of the sale, the vice president now owns 25,590 shares of the company’s stock, valued at $4,505,631.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Atkore news, VP Leangela W. Lowe sold 6,500 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $176.07, for a total value of $1,144,455.00. Following the completion of the transaction, the vice president now owns 25,590 shares of the company’s stock, valued at $4,505,631.30. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider John W. Pregenzer sold 4,044 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $174.42, for a total transaction of $705,354.48. Following the completion of the transaction, the insider now directly owns 30,430 shares of the company’s stock, valued at approximately $5,307,600.60. The disclosure for this sale can be found here. Insiders sold 148,464 shares of company stock valued at $25,124,751 over the last 90 days. Insiders own 2.56% of the company’s stock.

Atkore Stock Down 2.0 %

Shares of ATKR traded down $3.57 during mid-day trading on Tuesday, hitting $172.29. The company’s stock had a trading volume of 461,880 shares, compared to its average volume of 455,624. The company’s 50-day moving average is $168.19 and its 200-day moving average is $151.56. Atkore Inc. has a 52-week low of $116.14 and a 52-week high of $194.98. The firm has a market capitalization of $6.34 billion, a price-to-earnings ratio of 10.40 and a beta of 2.19. The company has a current ratio of 2.96, a quick ratio of 1.99 and a debt-to-equity ratio of 0.51.

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

Atkore Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, February 26th. This represents a $1.28 dividend on an annualized basis and a yield of 0.74%. Atkore’s payout ratio is 7.67%.

Atkore Company Profile

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.