Atkore Inc. (NYSE:ATKR) Stock Holdings Raised by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB boosted its position in Atkore Inc. (NYSE:ATKR) by 55.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 318,388 shares of the company’s stock after buying an additional 113,263 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Atkore were worth $26,569,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Signaturefd LLC raised its stake in Atkore by 445.6% during the third quarter. Signaturefd LLC now owns 491 shares of the company’s stock worth $42,000 after acquiring an additional 401 shares during the period. Quarry LP raised its position in shares of Atkore by 48.8% during the 3rd quarter. Quarry LP now owns 634 shares of the company’s stock worth $54,000 after purchasing an additional 208 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Atkore by 30.2% in the 4th quarter. Pacer Advisors Inc. now owns 841 shares of the company’s stock worth $70,000 after purchasing an additional 195 shares during the last quarter. Covestor Ltd boosted its position in Atkore by 63.7% during the 3rd quarter. Covestor Ltd now owns 1,002 shares of the company’s stock valued at $85,000 after purchasing an additional 390 shares during the period. Finally, KBC Group NV grew its stake in Atkore by 47.7% during the 4th quarter. KBC Group NV now owns 1,452 shares of the company’s stock worth $121,000 after buying an additional 469 shares during the last quarter.

Analysts Set New Price Targets

ATKR has been the subject of several analyst reports. Loop Capital reduced their price target on shares of Atkore from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Royal Bank of Canada reissued a “sector perform” rating and set a $102.00 target price (up from $93.00) on shares of Atkore in a research note on Wednesday, December 4th. B. Riley lowered shares of Atkore from a “buy” rating to a “neutral” rating and dropped their price target for the company from $135.00 to $84.00 in a research note on Friday, November 22nd. Roth Capital upgraded Atkore to a “strong-buy” rating in a research report on Monday, December 16th. Finally, Roth Mkm initiated coverage on Atkore in a research report on Tuesday, December 17th. They issued a “buy” rating and a $100.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $115.67.

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, November 11th. The shares were 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 of the company’s stock, valued at approximately $2,667,290.30. This trade represents a 1.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Daniel S. Kelly sold 13,071 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $95.74, for a total transaction of $1,251,417.54. Following the sale, the vice president now directly owns 27,528 shares in the company, valued at approximately $2,635,530.72. This trade represents a 32.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,924 shares of company stock valued at $1,614,975 in the last three months. 1.99% of the stock is currently owned by corporate insiders.

Atkore Trading Down 2.2 %

Shares of NYSE:ATKR opened at $79.69 on Tuesday. Atkore Inc. has a twelve month low of $76.01 and a twelve month high of $194.98. The company has a current ratio of 2.98, a quick ratio of 1.96 and a debt-to-equity ratio of 0.50. The firm has a market cap of $2.77 billion, a P/E ratio of 6.31 and a beta of 2.12. The company has a 50 day moving average of $86.07 and a 200-day moving average of $92.50.

Atkore (NYSE:ATKR) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.45. Atkore had a return on equity of 32.14% and a net margin of 14.77%. As a group, analysts anticipate that Atkore Inc. will post 6.62 earnings per share for the current fiscal year.

Atkore Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Tuesday, February 18th. Atkore’s payout ratio is 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.