BNP Paribas Financial Markets Grows Stock Holdings in Atkore Inc. (NYSE:ATKR)

BNP Paribas Financial Markets increased its holdings in shares of Atkore Inc. (NYSE:ATKR) by 145.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,863 shares of the company’s stock after purchasing an additional 70,955 shares during the period. BNP Paribas Financial Markets’ holdings in Atkore were worth $10,157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC grew its position in Atkore by 445.6% during the 3rd quarter. Signaturefd LLC now owns 491 shares of the company’s stock worth $42,000 after purchasing an additional 401 shares during the period. Quarry LP acquired a new stake in Atkore during the second quarter worth about $57,000. Mather Group LLC. grew its holdings in Atkore by 895.7% during the second quarter. Mather Group LLC. now owns 468 shares of the company’s stock worth $63,000 after acquiring an additional 421 shares during the period. Covestor Ltd raised its position in Atkore by 63.7% during the third quarter. Covestor Ltd now owns 1,002 shares of the company’s stock valued at $85,000 after acquiring an additional 390 shares in the last quarter. Finally, Headlands Technologies LLC lifted its holdings in Atkore by 829.9% in the second quarter. Headlands Technologies LLC now owns 902 shares of the company’s stock valued at $122,000 after acquiring an additional 805 shares during the period.

Insider Buying and Selling

In related news, VP Daniel S. Kelly sold 13,071 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $95.74, for a total value of $1,251,417.54. Following the completion of the transaction, the vice president now directly owns 27,528 shares of the company’s stock, valued at approximately $2,635,530.72. This represents a 32.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark F. Lamps sold 500 shares of the firm’s 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 transaction, the insider now owns 27,626 shares in the company, valued at $2,667,290.30. The trade was a 1.78 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.56% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada dropped their price objective on shares of Atkore from $99.00 to $93.00 and set a “sector perform” rating on the stock in a research note on Friday, November 22nd. Loop Capital dropped their price target on shares of Atkore from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. B. Riley cut shares of Atkore from a “buy” rating to a “neutral” rating and cut their price objective for the company from $135.00 to $84.00 in a report on Friday, November 22nd. Finally, KeyCorp lowered their target price on shares of Atkore from $125.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $117.00.

Atkore Price Performance

Atkore stock opened at $94.31 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.96 and a current ratio of 2.98. The company’s fifty day moving average price is $88.49 and its 200 day moving average price is $110.50. The stock has a market capitalization of $3.29 billion, a P/E ratio of 7.47 and a beta of 2.13. Atkore Inc. has a 1 year low of $76.01 and a 1 year high of $194.98.

Atkore Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be given a $0.32 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.28 annualized dividend and a dividend yield of 1.36%. Atkore’s dividend payout ratio (DPR) is 10.13%.

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.