10,319 Shares in Atkore Inc. (NYSE:ATKR) Bought by Cerity Partners LLC

Cerity Partners LLC purchased a new position in Atkore Inc. (NYSE:ATKR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,319 shares of the company's stock, valued at approximately $619,000.

Several other large investors also recently modified their holdings of ATKR. Harbor Capital Advisors Inc. increased its holdings in shares of Atkore by 97.0% in the first quarter. Harbor Capital Advisors Inc. now owns 526 shares of the company's stock worth $32,000 after acquiring an additional 259 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Atkore by 1,514.7% during the first quarter. GAMMA Investing LLC now owns 549 shares of the company's stock worth $33,000 after buying an additional 515 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Atkore by 358.9% during the first quarter. Versant Capital Management Inc now owns 693 shares of the company's stock worth $42,000 after buying an additional 542 shares in the last quarter. KBC Group NV grew its stake in Atkore by 29.5% in the first quarter. KBC Group NV now owns 1,881 shares of the company's stock valued at $113,000 after purchasing an additional 429 shares in the last quarter. Finally, Covestor Ltd grew its stake in Atkore by 88.5% in the fourth quarter. Covestor Ltd now owns 1,889 shares of the company's stock valued at $157,000 after purchasing an additional 887 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wall Street Zen upgraded Atkore from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Roth Capital set a $78.00 price target on Atkore and gave the stock a "buy" rating in a report 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 report on Wednesday, May 7th. Royal Bank Of Canada lifted their price target on Atkore from $65.00 to $70.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. Finally, Citigroup reissued a "neutral" rating and set a $80.00 price target (up from $70.00) on shares of Atkore in a report on Monday, June 9th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $79.57.

Insider Activity

In other news, insider Mark F. Lamps sold 1,000 shares of Atkore stock in a transaction on Friday, May 9th. The stock was sold at an average price of $69.16, for a total value of $69,160.00. Following the transaction, the insider owned 32,828 shares in the company, valued at approximately $2,270,384.48. This trade represents a 2.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.99% of the company's stock.

Atkore Price Performance

NYSE ATKR traded up $1.06 during midday trading on Friday, hitting $79.63. The company had a trading volume of 300,728 shares, compared to its average volume of 504,774. The company has a market capitalization of $2.68 billion, a PE ratio of 15.31 and a beta of 2.05. The company has a current ratio of 3.02, a quick ratio of 1.98 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average price of $70.22 and a 200-day moving average price of $68.59. Atkore Inc. has a twelve month low of $49.92 and a twelve month high of $140.10.

Atkore (NYSE:ATKR - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $690.83 million. During the same quarter last year, the company posted $4.08 EPS. The company's revenue for the quarter was down 11.5% compared to the same quarter last year. As a group, analysts anticipate that Atkore Inc. will post 5.79 earnings per share for the current fiscal year.

Atkore Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Friday, May 16th were paid a $0.33 dividend. This is a positive change from Atkore's previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.32 annualized dividend and a dividend yield of 1.66%. Atkore's dividend payout ratio (DPR) 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.