Mutual of America Capital Management LLC decreased its position in Atkore Inc. (NYSE:ATKR - Free Report) by 35.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,913 shares of the company's stock after selling 13,101 shares during the quarter. Mutual of America Capital Management LLC owned 0.07% of Atkore worth $1,435,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van Den Berg Management I Inc. increased its position in shares of Atkore by 0.4% during the fourth quarter. Van Den Berg Management I Inc. now owns 41,041 shares of the company's stock worth $3,425,000 after acquiring an additional 158 shares during the period. MetLife Investment Management LLC increased its position in shares of Atkore by 0.8% during the fourth quarter. MetLife Investment Management LLC now owns 21,357 shares of the company's stock worth $1,782,000 after acquiring an additional 171 shares during the period. SummerHaven Investment Management LLC increased its position in shares of Atkore by 3.0% during the first quarter. SummerHaven Investment Management LLC now owns 6,039 shares of the company's stock worth $362,000 after acquiring an additional 177 shares during the period. Harbor Capital Advisors Inc. increased its position in shares of Atkore by 97.0% during 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 during the period. Finally, EP Wealth Advisors LLC increased its position in shares of Atkore by 3.9% during the fourth quarter. EP Wealth Advisors LLC now owns 7,364 shares of the company's stock worth $615,000 after acquiring an additional 276 shares during the period.
Analysts Set New Price Targets
A number of equities analysts recently commented on ATKR shares. Wall Street Zen upgraded shares of Atkore from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Citigroup reiterated a "neutral" rating and set a $80.00 target price (up previously from $70.00) on shares of Atkore in a research note on Monday, June 9th. Roth Capital set a $78.00 target price on shares of Atkore and gave the stock a "buy" rating in a research note on Wednesday, May 7th. KeyCorp reiterated a "sector weight" rating on shares of Atkore in a research note on Wednesday, August 6th. Finally, Royal Bank Of Canada boosted their target price on shares of Atkore from $65.00 to $70.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $79.57.
Check Out Our Latest Analysis on Atkore
Atkore Stock Performance
NYSE ATKR traded down $0.98 during trading hours on Friday, hitting $58.22. The company had a trading volume of 126,027 shares, compared to its average volume of 606,555. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.08 and a current ratio of 3.09. Atkore Inc. has a 1-year low of $49.92 and a 1-year high of $105.28. The company has a market cap of $1.96 billion, a PE ratio of 18.66 and a beta of 2.10. The business has a 50 day moving average of $70.12 and a 200-day moving average of $66.70.
Atkore Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th will be paid a dividend of $0.33 per share. The ex-dividend date is Tuesday, August 19th. This represents a $1.32 annualized dividend and a dividend yield of 2.3%. Atkore's dividend payout ratio is 42.31%.
About Atkore
(
Free Report)
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.
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