Atkore Inc. $ATKR Shares Purchased by State of Wyoming

Key Points

• The State of Wyoming increased its stake in Atkore Inc. by 150.6% in Q1, bringing its holdings to $680,000 after acquiring an additional 6,812 shares.
• Atkore recently declared a quarterly dividend of $0.33 per share, with an annualized yield of 2.3%.
• Analysts have mixed ratings on Atkore, with a consensus rating of "Hold" and a price target averaging $79.57.

State of Wyoming boosted its position in Atkore Inc. (NYSE:ATKR - Free Report) by 150.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,335 shares of the company's stock after buying an additional 6,812 shares during the period. State of Wyoming's holdings in Atkore were worth $680,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Gates Capital Management Inc. boosted its position in Atkore by 29.6% in the fourth quarter. Gates Capital Management Inc. now owns 2,607,354 shares of the company's stock valued at $217,584,000 after buying an additional 595,774 shares during the last quarter. American Century Companies Inc. boosted its position in Atkore by 7.2% in the first quarter. American Century Companies Inc. now owns 840,505 shares of the company's stock valued at $50,422,000 after buying an additional 56,692 shares during the last quarter. Wellington Management Group LLP boosted its position in Atkore by 24.1% in the first quarter. Wellington Management Group LLP now owns 753,107 shares of the company's stock valued at $45,179,000 after buying an additional 146,066 shares during the last quarter. Victory Capital Management Inc. boosted its position in Atkore by 33.4% in the first quarter. Victory Capital Management Inc. now owns 628,300 shares of the company's stock valued at $37,692,000 after buying an additional 157,470 shares during the last quarter. Finally, Royce & Associates LP boosted its position in Atkore by 8.4% in the first quarter. Royce & Associates LP now owns 447,425 shares of the company's stock valued at $26,841,000 after buying an additional 34,673 shares during the last quarter.

Insider Activity

In other news, insider Mark F. Lamps sold 1,000 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $59.37, for a total transaction of $59,370.00. Following the transaction, the insider owned 31,873 shares in the company, valued at $1,892,300.01. This trade represents a 3.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.99% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ATKR. Citigroup reiterated a "neutral" rating and issued a $80.00 target price (up previously from $70.00) on shares of Atkore in a research report on Monday, June 9th. Roth Capital set a $78.00 price objective on Atkore and gave the stock a "buy" rating in a research report on Wednesday, May 7th. KeyCorp restated a "sector weight" rating on shares of Atkore in a research report on Wednesday, August 6th. Royal Bank Of Canada upped their price objective on Atkore from $65.00 to $70.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Finally, Wall Street Zen upgraded Atkore from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $79.57.

Atkore Price Performance

Shares of NYSE:ATKR traded up $1.53 during midday trading on Thursday, reaching $58.05. 532,262 shares of the company's stock traded hands, compared to its average volume of 601,096. 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 $1.95 billion, a P/E ratio of 18.61 and a beta of 2.16. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.08 and a current ratio of 3.09. The company has a fifty day simple moving average of $67.14 and a two-hundred day simple moving average of $65.18.

Atkore Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th were given a dividend of $0.33 per share. The ex-dividend date was Tuesday, August 19th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.3%. Atkore's dividend payout ratio (DPR) is 42.31%.

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.