Signal Advisors Wealth LLC acquired a new stake in Atkore Inc. (NYSE:ATKR - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 9,504 shares of the company's stock, valued at approximately $671,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. lifted its position in Atkore by 97.0% in the 1st quarter. Harbor Capital Advisors Inc. now owns 526 shares of the company's stock valued at $32,000 after acquiring an additional 259 shares in the last quarter. GAMMA Investing LLC lifted its position in Atkore by 1,514.7% in the 1st quarter. GAMMA Investing LLC now owns 549 shares of the company's stock valued at $33,000 after acquiring an additional 515 shares in the last quarter. Strs Ohio bought a new position in Atkore in the 1st quarter valued at approximately $36,000. New Age Alpha Advisors LLC bought a new position in Atkore in the 1st quarter valued at approximately $37,000. Finally, Jones Financial Companies Lllp lifted its position in Atkore by 61.8% in the 1st quarter. Jones Financial Companies Lllp now owns 644 shares of the company's stock valued at $39,000 after acquiring an additional 246 shares in the last quarter.
Insider Buying and Selling
In related news, insider Mark F. Lamps sold 1,000 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $59.37, for a total value of $59,370.00. Following the transaction, the insider directly owned 31,873 shares of the company's stock, valued at approximately $1,892,300.01. This trade represents a 3.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.99% of the company's stock.
Atkore Stock Performance
Atkore stock traded up $0.32 during trading on Monday, reaching $60.61. The company had a trading volume of 735,027 shares, compared to its average volume of 551,276. Atkore Inc. has a 52 week low of $49.92 and a 52 week high of $105.28. The firm's 50-day simple moving average is $63.83 and its 200 day simple moving average is $64.89. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 19.43 and a beta of 2.16. 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 business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Tuesday, August 19th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, August 19th. Atkore's dividend payout ratio (DPR) is currently 42.31%.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on ATKR. KeyCorp reissued a "sector weight" rating on shares of Atkore in a report on Wednesday, August 6th. 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. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $79.57.
Check Out Our Latest Stock Report on Atkore
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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