OMERS ADMINISTRATION Corp Purchases 8,243 Shares of Atkore Inc. $ATKR

Key Points

• OMERS ADMINISTRATION Corp increased its stake in Atkore Inc. by 47.4%, owning approximately 0.08% of the company and worth $1,538,000 at the end of the first quarter.
• Atkore's stock has received various ratings from analysts, with a consensus price target of $79.57, and two analysts giving it a "Buy" rating while five rated it as "Hold."
• Atkore recently announced a quarterly dividend of $0.33 per share, representing a 2.3% dividend yield based on an annualized payout of $1.32.

OMERS ADMINISTRATION Corp lifted its holdings in shares of Atkore Inc. (NYSE:ATKR - Free Report) by 47.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,643 shares of the company's stock after purchasing an additional 8,243 shares during the quarter. OMERS ADMINISTRATION Corp owned approximately 0.08% of Atkore worth $1,538,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Harbor Capital Advisors Inc. increased its stake in shares of Atkore by 97.0% during the 1st quarter. Harbor Capital Advisors Inc. now owns 526 shares of the company's stock worth $32,000 after purchasing an additional 259 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Atkore by 1,514.7% during the 1st quarter. GAMMA Investing LLC now owns 549 shares of the company's stock worth $33,000 after purchasing an additional 515 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Atkore during the 1st quarter worth $37,000. Versant Capital Management Inc increased its stake in shares of Atkore by 358.9% during the 1st quarter. Versant Capital Management Inc now owns 693 shares of the company's stock worth $42,000 after purchasing an additional 542 shares during the last quarter. Finally, Signaturefd LLC grew its stake in Atkore by 384.0% in the 1st quarter. Signaturefd LLC now owns 905 shares of the company's stock valued at $54,000 after buying an additional 718 shares during the last quarter.

Insider Transactions at Atkore

In related news, insider Mark F. Lamps sold 1,000 shares of Atkore stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $59.37, for a total transaction of $59,370.00. Following the completion of the transaction, the insider directly owned 31,873 shares of the company's stock, valued at $1,892,300.01. This trade represents a 3.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.99% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ATKR. Citigroup reiterated a "neutral" rating and issued a $80.00 target price (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 shares of Atkore and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Wall Street Zen upgraded shares of Atkore from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. KeyCorp restated a "sector weight" rating on shares of Atkore in a research report on Wednesday, August 6th. Finally, Royal Bank Of Canada raised their price objective on shares of Atkore from $65.00 to $70.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $79.57.

Atkore Price Performance

ATKR stock traded up $1.53 during trading on Thursday, hitting $58.05. 532,262 shares of the stock traded hands, compared to its average volume of 599,790. Atkore Inc. has a one year low of $49.92 and a one year high of $105.28. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 18.61 and a beta of 2.16. The company has a 50 day simple moving average of $67.39 and a 200 day simple moving average of $65.28. The company has a current ratio of 3.09, a quick ratio of 2.08 and a debt-to-equity ratio of 0.52.

Atkore Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Tuesday, August 19th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, August 19th. Atkore's dividend payout ratio (DPR) is currently 42.31%.

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.