Atkore Inc. (NYSE:ATKR) Shares Acquired by Easterly Investment Partners LLC

Easterly Investment Partners LLC increased its stake in shares of Atkore Inc. (NYSE:ATKR - Free Report) by 7.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,564 shares of the company's stock after acquiring an additional 3,956 shares during the period. Easterly Investment Partners LLC owned about 0.16% of Atkore worth $3,333,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp grew its holdings in Atkore by 87.7% in the fourth quarter. Jones Financial Companies Lllp now owns 398 shares of the company's stock valued at $33,000 after purchasing an additional 186 shares during the period. Harbor Capital Advisors Inc. grew its holdings in Atkore by 97.0% in the first quarter. Harbor Capital Advisors Inc. now owns 526 shares of the company's stock valued at $32,000 after purchasing an additional 259 shares during the period. GAMMA Investing LLC grew its holdings in Atkore by 1,514.7% in the first quarter. GAMMA Investing LLC now owns 549 shares of the company's stock valued at $33,000 after purchasing an additional 515 shares during the period. Versant Capital Management Inc grew its holdings in Atkore by 358.9% in the first quarter. Versant Capital Management Inc now owns 693 shares of the company's stock valued at $42,000 after purchasing an additional 542 shares during the period. Finally, Signaturefd LLC grew its holdings in Atkore by 384.0% in the first quarter. Signaturefd LLC now owns 905 shares of the company's stock valued at $54,000 after purchasing an additional 718 shares during the period.

Wall Street Analysts Forecast Growth

ATKR has been the topic of several research analyst reports. Royal Bank Of Canada raised their price objective on Atkore from $65.00 to $70.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Citigroup reaffirmed a "neutral" rating and issued a $80.00 price target (up from $70.00) on shares of Atkore in a research note on Monday, June 9th. Roth Capital set a $78.00 price target on Atkore and gave the stock a "buy" rating in a research note on Wednesday, May 7th. KeyCorp lifted their price target on Atkore from $70.00 to $80.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Finally, Wall Street Zen raised Atkore from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $79.57.

Insider Buying and Selling

In related news, insider Mark F. Lamps sold 1,000 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $69.16, for a total transaction of $69,160.00. Following the completion of the transaction, the insider directly owned 32,828 shares of the company's stock, valued at $2,270,384.48. The trade was a 2.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.99% of the stock is owned by insiders.

Atkore Trading Down 0.8%

NYSE:ATKR traded down $0.60 on Friday, reaching $74.24. The company's stock had a trading volume of 1,253,617 shares, compared to its average volume of 662,449. Atkore Inc. has a 12-month low of $49.92 and a 12-month high of $148.70. The company has a quick ratio of 1.98, a current ratio of 3.02 and a debt-to-equity ratio of 0.54. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 14.28 and a beta of 2.05. The stock has a 50 day moving average price of $69.59 and a 200 day moving average price of $68.86.

Atkore (NYSE:ATKR - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $2.04 EPS for the quarter, beating analysts' consensus estimates of $1.52 by $0.52. Atkore had a return on equity of 20.81% and a net margin of 6.48%. The company had revenue of $701.73 million for the quarter, compared to the consensus estimate of $690.83 million. During the same quarter in the previous year, the business earned $4.08 earnings per share. The company's revenue for the quarter was down 11.5% on a year-over-year basis. On average, equities analysts anticipate that Atkore Inc. will post 5.79 EPS for the current fiscal year.

Atkore Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Friday, May 16th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.78%. This is a boost from Atkore's previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, May 16th. Atkore's payout ratio is presently 25.38%.

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.