Atkore Inc. (NYSE:ATKR) Shares Purchased by AlphaMark Advisors LLC

AlphaMark Advisors LLC boosted its holdings in shares of Atkore Inc. (NYSE:ATKR) by 91.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,364 shares of the company’s stock after acquiring an additional 1,610 shares during the period. AlphaMark Advisors LLC’s holdings in Atkore were worth $285,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ATKR. Quarry LP purchased a new stake in shares of Atkore in the second quarter valued at approximately $57,000. Mather Group LLC. grew its holdings in Atkore by 895.7% in the 2nd quarter. Mather Group LLC. now owns 468 shares of the company’s stock valued at $63,000 after buying an additional 421 shares in the last quarter. Headlands Technologies LLC increased its stake in shares of Atkore by 829.9% in the 2nd quarter. Headlands Technologies LLC now owns 902 shares of the company’s stock worth $122,000 after acquiring an additional 805 shares during the last quarter. Summit Trail Advisors LLC increased its stake in shares of Atkore by 32.1% in the 2nd quarter. Summit Trail Advisors LLC now owns 1,549 shares of the company’s stock worth $209,000 after acquiring an additional 376 shares during the last quarter. Finally, Benjamin Edwards Inc. raised its holdings in shares of Atkore by 20.8% during the 2nd quarter. Benjamin Edwards Inc. now owns 1,594 shares of the company’s stock worth $215,000 after acquiring an additional 274 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ATKR shares. B. Riley cut their price objective on shares of Atkore from $183.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. KeyCorp cut their price target on shares of Atkore from $125.00 to $105.00 and set an “overweight” rating for the company in a report on Friday, September 13th. Royal Bank of Canada lowered shares of Atkore from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $175.00 to $100.00 in a research report on Wednesday, August 7th. Finally, Loop Capital lowered their price objective on Atkore from $160.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, September 20th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $131.60.

Atkore Price Performance

ATKR stock opened at $89.60 on Friday. The company has a current ratio of 3.26, a quick ratio of 2.03 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $3.26 billion, a PE ratio of 5.59 and a beta of 2.14. The business’s fifty day moving average price is $88.89 and its 200 day moving average price is $128.55. Atkore Inc. has a 12-month low of $80.11 and a 12-month high of $194.98.

Atkore (NYSE:ATKR) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $3.80 EPS for the quarter, beating the consensus estimate of $3.52 by $0.28. Atkore had a net margin of 16.47% and a return on equity of 36.96%. The company had revenue of $822.40 million during the quarter, compared to analysts’ expectations of $830.16 million. During the same quarter last year, the company posted $5.13 EPS. The firm’s revenue was down 10.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Atkore Inc. will post 12.69 EPS for the current year.

Atkore Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Tuesday, August 20th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Tuesday, August 20th. Atkore’s payout ratio is presently 7.98%.

Insider Transactions at Atkore

In related news, insider Mark F. Lamps sold 500 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $95.47, for a total value of $47,735.00. Following the sale, the insider now owns 28,086 shares of the company’s stock, valued at $2,681,370.42. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.56% of the company’s stock.

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.