Intech Investment Management LLC Purchases Shares of 15,033 Atkore Inc. (NYSE:ATKR)

Intech Investment Management LLC acquired a new position in Atkore Inc. (NYSE:ATKR) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 15,033 shares of the company’s stock, valued at approximately $1,274,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP purchased a new stake in shares of Atkore during the second quarter valued at $57,000. Mather Group LLC. raised its holdings in Atkore by 895.7% during the 2nd quarter. Mather Group LLC. now owns 468 shares of the company’s stock worth $63,000 after buying an additional 421 shares during the period. Signaturefd LLC lifted its stake in Atkore by 445.6% during the third quarter. Signaturefd LLC now owns 491 shares of the company’s stock valued at $42,000 after buying an additional 401 shares in the last quarter. Headlands Technologies LLC boosted its holdings in shares of Atkore by 829.9% in the second quarter. Headlands Technologies LLC now owns 902 shares of the company’s stock worth $122,000 after buying an additional 805 shares during the period. Finally, Covestor Ltd increased its position in shares of Atkore by 63.7% in the third quarter. Covestor Ltd now owns 1,002 shares of the company’s stock worth $85,000 after acquiring an additional 390 shares in the last quarter.

Insider Activity at Atkore

In related news, insider Mark F. Lamps sold 500 shares of Atkore stock in a transaction on Monday, November 11th. The shares were sold at an average price of $96.55, for a total value of $48,275.00. Following the completion of the sale, the insider now owns 27,626 shares of the company’s stock, valued at approximately $2,667,290.30. The trade was a 1.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.56% of the stock is currently owned by company insiders.

Atkore Price Performance

Shares of NYSE:ATKR opened at $94.97 on Wednesday. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 7.52 and a beta of 2.13. Atkore Inc. has a 1 year low of $76.01 and a 1 year high of $194.98. The company has a current ratio of 2.98, a quick ratio of 1.96 and a debt-to-equity ratio of 0.50. The business has a fifty day simple moving average of $88.13 and a 200 day simple moving average of $111.83.

Atkore Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.28 annualized dividend and a dividend yield of 1.35%. Atkore’s dividend payout ratio is 10.13%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. KeyCorp reduced their price target on shares of Atkore from $125.00 to $105.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. Royal Bank of Canada reduced their target price on 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 downgraded Atkore from a “buy” rating to a “neutral” rating and lowered their price target for the company from $135.00 to $84.00 in a report on Friday, November 22nd. Finally, Loop Capital reduced their price objective on Atkore from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $117.00.

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.