Atkore Inc. (NYSE:ATKR) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its stake in shares of Atkore Inc. (NYSE:ATKR) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,641 shares of the company’s stock after buying an additional 1,794 shares during the period. Russell Investments Group Ltd.’s holdings in Atkore were worth $8,903,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Truist Financial Corp lifted its stake in Atkore by 6.8% during the 4th quarter. Truist Financial Corp now owns 35,924 shares of the company’s stock valued at $5,748,000 after acquiring an additional 2,292 shares during the period. Meritage Portfolio Management lifted its holdings in shares of Atkore by 5.7% in the 4th quarter. Meritage Portfolio Management now owns 7,061 shares of the company’s stock valued at $1,130,000 after buying an additional 379 shares during the period. GAMMA Investing LLC purchased a new stake in shares of Atkore in the fourth quarter worth about $26,000. Linden Thomas Advisory Services LLC boosted its stake in shares of Atkore by 6.3% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 2,347 shares of the company’s stock worth $376,000 after buying an additional 139 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings in Atkore by 7.2% during the fourth quarter. New York State Common Retirement Fund now owns 57,012 shares of the company’s stock worth $9,122,000 after acquiring an additional 3,822 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have commented on ATKR shares. StockNews.com upgraded Atkore from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. Royal Bank of Canada restated an “outperform” rating and set a $187.00 price target on shares of Atkore in a research report on Friday, March 22nd. Finally, Citigroup lifted their price objective on shares of Atkore from $176.00 to $200.00 and gave the company a “neutral” rating in a report on Monday, April 8th.

Atkore Trading Up 0.1 %

Shares of NYSE:ATKR opened at $176.40 on Tuesday. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 10.58 and a beta of 2.19. The business’s 50 day moving average price is $176.91 and its 200-day moving average price is $155.21. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.96 and a quick ratio of 1.99. Atkore Inc. has a 1 year low of $116.14 and a 1 year high of $194.98.

Atkore Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Tuesday, May 21st will be paid a dividend of $0.32 per share. The ex-dividend date is Monday, May 20th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.73%. Atkore’s dividend payout ratio is currently 7.67%.

Insider Transactions at Atkore

In related news, VP Leangela W. Lowe sold 6,500 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $176.07, for a total value of $1,144,455.00. Following the transaction, the vice president now directly owns 25,590 shares of the company’s stock, valued at approximately $4,505,631.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Justin A. Kershaw sold 1,099 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $171.77, for a total transaction of $188,775.23. Following the completion of the sale, the director now owns 16,686 shares of the company’s stock, valued at $2,866,154.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Leangela W. Lowe sold 6,500 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $176.07, for a total transaction of $1,144,455.00. Following the completion of the transaction, the vice president now directly owns 25,590 shares in the company, valued at $4,505,631.30. The disclosure for this sale can be found here. Insiders sold 148,464 shares of company stock valued at $25,124,751 over the last 90 days. 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.