625 Shares in Atkore Inc. (NYSE:ATKR) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC bought a new stake in Atkore Inc. (NYSE:ATKR) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 625 shares of the company’s stock, valued at approximately $37,000.

Several other hedge funds have also recently made changes to their positions in the company. Kestrel Investment Management Corp bought a new stake in shares of Atkore in the first quarter valued at $4,850,000. Harbour Investments Inc. raised its stake in shares of Atkore by 29.1% in the first quarter. Harbour Investments Inc. now owns 1,330 shares of the company’s stock valued at $80,000 after buying an additional 300 shares during the period. Federated Hermes Inc. raised its stake in shares of Atkore by 29,230.4% in the first quarter. Federated Hermes Inc. now owns 209,419 shares of the company’s stock valued at $12,563,000 after buying an additional 208,705 shares during the period. Mackenzie Financial Corp raised its stake in shares of Atkore by 27.5% in the first quarter. Mackenzie Financial Corp now owns 7,573 shares of the company’s stock valued at $454,000 after buying an additional 1,635 shares during the period. Finally, Pacer Advisors Inc. raised its stake in shares of Atkore by 43,389.8% in the first quarter. Pacer Advisors Inc. now owns 365,749 shares of the company’s stock valued at $21,941,000 after buying an additional 364,908 shares during the period.

Analyst Ratings Changes

ATKR has been the topic of several research reports. Royal Bank Of Canada boosted their target price on Atkore from $65.00 to $70.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 7th. Citigroup restated a “neutral” rating and issued a $80.00 target price (up from $70.00) on shares of Atkore in a research note on Monday, June 9th. Wall Street Zen upgraded Atkore from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. KeyCorp reiterated a “sector weight” rating on shares of Atkore in a research note on Wednesday, August 6th. Finally, Roth Capital set a $78.00 price objective on Atkore and gave the company a “buy” rating in a research note on Wednesday, May 7th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $79.57.

Atkore Stock Performance

NYSE:ATKR opened at $53.93 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.08 and a current ratio of 3.09. Atkore Inc. has a 52-week low of $49.92 and a 52-week high of $105.28. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 17.29 and a beta of 2.10. The business’s fifty day moving average is $70.65 and its 200 day moving average is $66.99.

Atkore Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Tuesday, August 19th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, August 19th. Atkore’s payout ratio is presently 42.31%.

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.