New York State Teachers Retirement System Sells 135 Shares of Atkore Inc. (NYSE:ATKR)

New York State Teachers Retirement System lowered its position in Atkore Inc. (NYSE:ATKR) by 3.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,465 shares of the company’s stock after selling 135 shares during the period. New York State Teachers Retirement System’s holdings in Atkore were worth $554,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Teza Capital Management LLC raised its stake in shares of Atkore by 9.2% in the third quarter. Teza Capital Management LLC now owns 1,446 shares of the company’s stock worth $216,000 after purchasing an additional 122 shares during the last quarter. New York Life Investment Management LLC purchased a new stake in shares of Atkore in the third quarter worth approximately $594,000. Cambria Investment Management L.P. raised its stake in shares of Atkore by 7.2% in the third quarter. Cambria Investment Management L.P. now owns 69,971 shares of the company’s stock worth $10,439,000 after purchasing an additional 4,711 shares during the last quarter. PFG Advisors raised its stake in shares of Atkore by 5.9% in the fourth quarter. PFG Advisors now owns 2,641 shares of the company’s stock worth $423,000 after purchasing an additional 146 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Atkore by 145.4% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,246 shares of the company’s stock worth $932,000 after purchasing an additional 3,701 shares during the last quarter.

Insider Buying and Selling at Atkore

In other Atkore news, CEO William E. Jr. Waltz sold 43,072 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $160.48, for a total transaction of $6,912,194.56. Following the completion of the transaction, the chief executive officer now directly owns 83,716 shares of the company’s stock, valued at $13,434,743.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Atkore news, CEO William E. Jr. Waltz sold 43,072 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $160.48, for a total transaction of $6,912,194.56. Following the completion of the transaction, the chief executive officer now directly owns 83,716 shares of the company’s stock, valued at $13,434,743.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William E. Jr. Waltz sold 50,000 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $173.85, for a total value of $8,692,500.00. Following the transaction, the chief executive officer now directly owns 83,716 shares of the company’s stock, valued at $14,554,026.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 148,464 shares of company stock valued at $25,124,751. Company insiders own 2.56% of the company’s stock.

Atkore Stock Performance

Shares of ATKR opened at $171.12 on Friday. The company has a current ratio of 2.96, a quick ratio of 1.99 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 10.26 and a beta of 2.19. The stock has a 50 day moving average of $169.71 and a 200 day moving average of $151.99. Atkore Inc. has a 12 month low of $116.14 and a 12 month high of $194.98.

Atkore (NYSE:ATKR) last issued its quarterly earnings results on Thursday, February 1st. The company reported $4.12 EPS for the quarter, beating 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 business posted $4.51 earnings per share. As a group, sell-side analysts forecast that Atkore Inc. will post 15.06 earnings per share for the current year.

Atkore Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Monday, February 26th. Atkore’s dividend payout ratio (DPR) is 7.67%.

Wall Street Analyst Weigh In

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

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.