Swiss National Bank Sells 3,200 Shares of Atkore Inc. $ATKR

Swiss National Bank lessened its position in shares of Atkore Inc. (NYSE:ATKR) by 4.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 67,300 shares of the company’s stock after selling 3,200 shares during the period. Swiss National Bank owned 0.19% of Atkore worth $4,037,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ATKR. Harbor Capital Advisors Inc. raised its stake in Atkore by 97.0% during the first quarter. Harbor Capital Advisors Inc. now owns 526 shares of the company’s stock worth $32,000 after buying an additional 259 shares during the last quarter. GAMMA Investing LLC raised its stake in Atkore by 1,514.7% during the first quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock worth $33,000 after buying an additional 515 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in Atkore during the first quarter worth $37,000. Versant Capital Management Inc raised its stake in Atkore by 358.9% during the first quarter. Versant Capital Management Inc now owns 693 shares of the company’s stock worth $42,000 after buying an additional 542 shares during the last quarter. Finally, Signaturefd LLC raised its stake in Atkore by 384.0% during the first quarter. Signaturefd LLC now owns 905 shares of the company’s stock worth $54,000 after buying an additional 718 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. KeyCorp reissued a “sector weight” rating on shares of Atkore in a research note on Wednesday, August 6th. Citigroup restated a “neutral” rating and issued a $80.00 price target (up from $70.00) on shares of Atkore in a report on Monday, June 9th. Roth Capital set a $78.00 price target on shares of Atkore and gave the stock a “buy” rating in a report on Wednesday, May 7th. Royal Bank Of Canada raised their price target on shares of Atkore from $65.00 to $70.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 7th. Finally, Wall Street Zen upgraded shares of Atkore from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $79.57.

Insider Activity

In other news, insider Mark F. Lamps sold 1,000 shares of Atkore stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $59.37, for a total transaction of $59,370.00. Following the completion of the transaction, the insider directly owned 31,873 shares in the company, valued at $1,892,300.01. This trade represents a 3.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.99% of the stock is owned by corporate insiders.

Atkore Stock Down 1.9%

Shares of NYSE ATKR opened at $56.6820 on Thursday. The stock has a market capitalization of $1.91 billion, a P/E ratio of 18.17 and a beta of 2.10. The company has a 50-day moving average price of $69.21 and a 200-day moving average price of $66.04. Atkore Inc. has a 1 year low of $49.92 and a 1 year high of $105.28. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.09 and a quick ratio of 2.08.

Atkore Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, August 19th. Atkore’s dividend payout ratio (DPR) is currently 42.31%.

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.