Atkore Inc. (NYSE:ATKR) Shares Purchased by Gotham Asset Management LLC

Gotham Asset Management LLC grew its stake in Atkore Inc. (NYSE:ATKR - Free Report) by 61.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,129 shares of the company's stock after purchasing an additional 7,293 shares during the quarter. Gotham Asset Management LLC owned approximately 0.06% of Atkore worth $1,596,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp lifted its holdings in Atkore by 87.7% in the 4th quarter. Jones Financial Companies Lllp now owns 398 shares of the company's stock valued at $33,000 after purchasing an additional 186 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Atkore by 30.2% during the fourth quarter. Pacer Advisors Inc. now owns 841 shares of the company's stock worth $70,000 after buying an additional 195 shares in the last quarter. Harbour Investments Inc. raised its position in shares of Atkore by 3,333.3% in the fourth quarter. Harbour Investments Inc. now owns 1,030 shares of the company's stock valued at $86,000 after buying an additional 1,000 shares during the last quarter. KBC Group NV lifted its stake in shares of Atkore by 47.7% in the fourth quarter. KBC Group NV now owns 1,452 shares of the company's stock worth $121,000 after buying an additional 469 shares in the last quarter. Finally, Covestor Ltd lifted its stake in shares of Atkore by 88.5% in the fourth quarter. Covestor Ltd now owns 1,889 shares of the company's stock worth $157,000 after buying an additional 887 shares in the last quarter.

Atkore Trading Down 0.6%

Shares of Atkore stock traded down $0.40 during mid-day trading on Thursday, hitting $65.28. The stock had a trading volume of 36,485 shares, compared to its average volume of 680,972. The firm has a 50-day moving average of $62.55 and a two-hundred day moving average of $74.42. The firm has a market cap of $2.20 billion, a P/E ratio of 6.32 and a beta of 2.10. The company has a quick ratio of 1.96, a current ratio of 3.03 and a debt-to-equity ratio of 0.51. Atkore Inc. has a 12-month low of $49.92 and a 12-month high of $157.25.

Atkore (NYSE:ATKR - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $2.04 EPS for the quarter, beating analysts' consensus estimates of $1.52 by $0.52. The firm had revenue of $701.73 million for the quarter, compared to analysts' expectations of $690.83 million. Atkore had a return on equity of 25.69% and a net margin of 12.42%. The firm's quarterly revenue was down 11.5% on a year-over-year basis. During the same period in the prior year, the firm posted $4.08 earnings per share. Sell-side analysts forecast that Atkore Inc. will post 5.79 earnings per share for the current year.

Atkore Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, May 16th. This is a boost from Atkore's previous quarterly dividend of $0.32. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.02%. Atkore's dividend payout ratio is currently 25.38%.

Insider Buying and Selling

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

Analysts Set New Price Targets

Several analysts recently issued reports on ATKR shares. Loop Capital cut shares of Atkore from a "buy" rating to a "hold" rating and dropped their price objective for the company from $115.00 to $65.00 in a research note on Monday, February 10th. Royal Bank of Canada boosted their target price on Atkore from $65.00 to $70.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. Wall Street Zen raised Atkore from a "hold" rating to a "buy" rating in a report on Monday, May 12th. 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. Finally, KeyCorp boosted their price objective on Atkore from $70.00 to $80.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Atkore presently has an average rating of "Moderate Buy" and an average target price of $77.57.

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.