Roman Butler Fullerton & Co. Purchases 2,359 Shares of Atkore Inc. (NYSE:ATKR)

Roman Butler Fullerton & Co. raised its position in Atkore Inc. (NYSE:ATKR) by 74.1% during the third quarter, Holdings Channel reports. The institutional investor owned 5,543 shares of the company’s stock after buying an additional 2,359 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in Atkore were worth $474,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Hodges Capital Management Inc. acquired a new position in shares of Atkore in the 2nd quarter valued at $4,158,000. Capital World Investors acquired a new position in shares of Atkore in the 1st quarter valued at $14,986,000. Sei Investments Co. lifted its stake in shares of Atkore by 44.3% in the 1st quarter. Sei Investments Co. now owns 65,913 shares of the company’s stock valued at $12,547,000 after purchasing an additional 20,244 shares during the period. Boston Trust Walden Corp acquired a new position in shares of Atkore in the 2nd quarter valued at $23,306,000. Finally, Maverick Capital Ltd. lifted its stake in shares of Atkore by 386.9% in the 2nd quarter. Maverick Capital Ltd. now owns 9,709 shares of the company’s stock valued at $1,310,000 after purchasing an additional 7,715 shares during the period.

Analyst Upgrades and Downgrades

ATKR has been the topic of a number of analyst reports. KeyCorp cut their price target on Atkore from $125.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Royal Bank of Canada downgraded Atkore from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $175.00 to $100.00 in a research note on Wednesday, August 7th. Loop Capital dropped their price objective on Atkore from $160.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, September 20th. Finally, B. Riley dropped their price objective on Atkore from $183.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to 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 $86.42 on Monday. The stock has a 50-day moving average price of $86.92 and a two-hundred day moving average price of $121.43. The stock has a market cap of $3.10 billion, a PE ratio of 6.07 and a beta of 2.13. The company has a current ratio of 3.26, a quick ratio of 2.03 and a debt-to-equity ratio of 0.49. Atkore Inc. has a 1 year low of $80.11 and a 1 year high of $194.98.

Atkore (NYSE:ATKR) last released its earnings results on Tuesday, August 6th. The company reported $3.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.52 by $0.28. The firm had revenue of $822.40 million during the quarter, compared to analysts’ expectations of $830.16 million. Atkore had a return on equity of 36.96% and a net margin of 16.47%. The company’s revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.13 EPS. Equities analysts forecast that Atkore Inc. will post 12.69 EPS for the current fiscal year.

Insiders Place Their Bets

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

Atkore 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.