Rock Point Advisors LLC Acquires 30,573 Shares of Atkore Inc. (NYSE:ATKR)

Rock Point Advisors LLC boosted its stake in Atkore Inc. (NYSE:ATKR) by 129.9% in the 3rd quarter, Holdings Channel reports. The firm owned 54,110 shares of the company’s stock after acquiring an additional 30,573 shares during the quarter. Rock Point Advisors LLC’s holdings in Atkore were worth $4,585,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Boston Partners grew its holdings in shares of Atkore by 12.0% during the first quarter. Boston Partners now owns 1,340,146 shares of the company’s stock worth $254,733,000 after purchasing an additional 143,121 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Atkore by 26.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,234,350 shares of the company’s stock valued at $104,599,000 after acquiring an additional 261,234 shares during the last quarter. American Century Companies Inc. lifted its stake in Atkore by 22.9% during the second quarter. American Century Companies Inc. now owns 773,697 shares of the company’s stock worth $104,395,000 after purchasing an additional 144,283 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Atkore by 1.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 449,323 shares of the company’s stock valued at $85,535,000 after purchasing an additional 4,852 shares during the last quarter. Finally, Royce & Associates LP lifted its position in Atkore by 20.2% in the 3rd quarter. Royce & Associates LP now owns 396,054 shares of the company’s stock worth $33,562,000 after buying an additional 66,533 shares during the last quarter.

Insider Buying and Selling

In other Atkore news, insider Mark F. Lamps sold 500 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $96.55, for a total value of $48,275.00. Following the completion of the transaction, the insider now owns 27,626 shares in the company, valued at approximately $2,667,290.30. This represents a 1.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.56% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ATKR has been the topic of several recent research reports. B. Riley lowered shares of Atkore from a “buy” rating to a “neutral” rating and reduced their target price for the company from $135.00 to $84.00 in a report on Friday. KeyCorp dropped their target price on Atkore from $125.00 to $105.00 and set an “overweight” rating for the company in a report on Friday, September 13th. Loop Capital decreased their price target on Atkore from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Royal Bank of Canada cut their target price on shares of Atkore from $99.00 to $93.00 and set a “sector perform” rating on the stock in a report on Friday. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $117.00.

Atkore Trading Up 1.5 %

ATKR traded up $1.38 during midday trading on Tuesday, reaching $95.99. 92,292 shares of the company’s stock traded hands, compared to its average volume of 634,545. Atkore Inc. has a 52 week low of $76.01 and a 52 week high of $194.98. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.98 and a quick ratio of 1.96. The firm has a fifty day moving average of $87.98 and a two-hundred day moving average of $112.26. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 7.49 and a beta of 2.13.

Atkore Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, December 6th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.33%. Atkore’s dividend payout ratio is presently 10.13%.

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.