Sawgrass Asset Management LLC Has $218,000 Stock Holdings in Atkore Inc. (NYSE:ATKR)

Sawgrass Asset Management LLC lowered its stake in Atkore Inc. (NYSE:ATKR) by 24.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,364 shares of the company’s stock after selling 441 shares during the quarter. Sawgrass Asset Management LLC’s holdings in Atkore were worth $218,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Centric Wealth Management lifted its holdings in shares of Atkore by 5.5% during the 4th quarter. Centric Wealth Management now owns 24,381 shares of the company’s stock valued at $3,901,000 after purchasing an additional 1,280 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Atkore by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 557,985 shares of the company’s stock valued at $89,278,000 after buying an additional 17,012 shares in the last quarter. Spire Wealth Management lifted its stake in Atkore by 15.5% in the fourth quarter. Spire Wealth Management now owns 33,162 shares of the company’s stock valued at $5,075,000 after buying an additional 4,461 shares in the last quarter. National Bank of Canada FI lifted its stake in Atkore by 371.3% in the fourth quarter. National Bank of Canada FI now owns 21,960 shares of the company’s stock valued at $3,581,000 after buying an additional 17,301 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC lifted its stake in Atkore by 3.4% in the fourth quarter. Measured Wealth Private Client Group LLC now owns 4,740 shares of the company’s stock valued at $758,000 after buying an additional 155 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

Atkore Stock Performance

Shares of NYSE:ATKR traded down $22.07 on Tuesday, hitting $154.33. The company had a trading volume of 2,339,672 shares, compared to its average volume of 477,648. 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 stock has a 50 day moving average price of $176.72 and a 200 day moving average price of $155.41. Atkore Inc. has a 1-year low of $116.14 and a 1-year high of $194.98. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of 9.25 and a beta of 2.19.

Atkore Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Tuesday, May 21st will be paid a $0.32 dividend. The ex-dividend date is Monday, May 20th. This represents a $1.28 annualized dividend and a dividend yield of 0.83%. Atkore’s dividend payout ratio (DPR) is presently 7.67%.

Insider Activity at Atkore

In related news, VP Leangela W. Lowe sold 6,500 shares of the company’s stock in a transaction dated 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 transaction, the vice president now directly owns 25,590 shares in the company, 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 related news, VP Leangela W. Lowe sold 6,500 shares of the company’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William E. Jr. Waltz sold 43,072 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 83,716 shares of the company’s stock, valued at approximately $13,434,743.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 148,464 shares of company stock worth $25,124,751. Corporate insiders own 2.56% of the company’s stock.

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.