Atkore Inc. (NYSE:ATKR) Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Atkore Inc. (NYSE:ATKR - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 275,152 shares of the company's stock after purchasing an additional 14,059 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.79% of Atkore worth $22,961,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ATKR. Lighthouse Investment Partners LLC purchased a new position in Atkore in the fourth quarter valued at about $417,000. Janus Henderson Group PLC raised its position in shares of Atkore by 132.3% in the 4th quarter. Janus Henderson Group PLC now owns 70,228 shares of the company's stock valued at $5,860,000 after purchasing an additional 39,996 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Atkore in the 4th quarter valued at approximately $581,000. Gates Capital Management Inc. boosted its stake in shares of Atkore by 29.6% during the 4th 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. Finally, Gotham Asset Management LLC grew its position in shares of Atkore by 61.6% during the fourth quarter. Gotham Asset Management LLC now owns 19,129 shares of the company's stock worth $1,596,000 after buying an additional 7,293 shares in the last quarter.

Atkore Stock Performance

Shares of NYSE:ATKR traded down $0.26 during trading on Tuesday, hitting $68.35. 40,190 shares of the company traded hands, compared to its average volume of 644,581. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 6.62 and a beta of 2.10. Atkore Inc. has a one year low of $49.92 and a one year high of $157.24. The company has a quick ratio of 1.96, a current ratio of 3.03 and a debt-to-equity ratio of 0.51. The business's fifty day moving average is $62.42 and its 200-day moving average is $74.52.

Atkore (NYSE:ATKR - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.52. The firm had revenue of $701.73 million for the quarter, compared to analyst estimates of $690.83 million. Atkore had a return on equity of 25.69% and a net margin of 12.42%. The firm's revenue for the quarter was down 11.5% on a year-over-year basis. During the same period last year, the company earned $4.08 earnings per share. As a group, equities analysts predict that Atkore Inc. will post 5.79 earnings per share for the current fiscal year.

Atkore Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 16th will be given a dividend of $0.33 per share. The ex-dividend date is Friday, May 16th. This is an increase from Atkore's previous quarterly dividend of $0.32. This represents a $1.32 annualized dividend and a dividend yield of 1.93%. Atkore's payout ratio is currently 25.38%.

Analyst Upgrades and Downgrades

ATKR has been the topic of several recent analyst reports. Roth Capital set a $78.00 price target on shares of Atkore and gave the company a "buy" rating in a report on Wednesday, May 7th. StockNews.com raised shares of Atkore from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Royal Bank of Canada upped their target price on shares of Atkore from $65.00 to $70.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. KeyCorp increased their price target on shares of Atkore from $70.00 to $80.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Finally, Loop Capital lowered Atkore from a "buy" rating to a "hold" rating and lowered their price objective for the company from $115.00 to $65.00 in a report on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $77.57.

Insider Transactions at Atkore

In related news, insider Mark F. Lamps sold 1,000 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $69.16, for a total value of $69,160.00. Following the completion of the transaction, the insider now owns 32,828 shares in the company, valued at $2,270,384.48. This represents a 2.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.99% of the company's stock.

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.