Atkore Inc. (NYSE:ATKR) Shares Acquired by US Bancorp DE

US Bancorp DE grew its position in shares of Atkore Inc. (NYSE:ATKR) by 19.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,169 shares of the company’s stock after buying an additional 683 shares during the period. US Bancorp DE’s holdings in Atkore were worth $353,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Signaturefd LLC grew its position in Atkore by 445.6% in the 3rd quarter. Signaturefd LLC now owns 491 shares of the company’s stock valued at $42,000 after buying an additional 401 shares in the last quarter. Quarry LP bought a new position in shares of Atkore in the second quarter valued at approximately $57,000. Mather Group LLC. boosted its stake in Atkore by 895.7% during the 2nd quarter. Mather Group LLC. now owns 468 shares of the company’s stock valued at $63,000 after purchasing an additional 421 shares in the last quarter. Headlands Technologies LLC grew its holdings in Atkore by 829.9% during the second quarter. Headlands Technologies LLC now owns 902 shares of the company’s stock worth $122,000 after acquiring an additional 805 shares during the period. Finally, Pinnacle Associates Ltd. acquired a new stake in Atkore in the 3rd quarter valued at about $126,000.

Atkore Price Performance

Atkore stock opened at $94.56 on Wednesday. The business’s fifty day moving average is $87.09 and its two-hundred day moving average is $118.06. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.03 and a current ratio of 3.26. The firm has a market cap of $3.39 billion, a P/E ratio of 6.72 and a beta of 2.13. Atkore Inc. has a 52 week low of $80.11 and a 52 week high of $194.98.

Analyst Upgrades and Downgrades

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

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.