3,343 Shares in Atkore Inc. $ATKR Bought by Cetera Investment Advisers

Cetera Investment Advisers acquired a new position in shares of Atkore Inc. (NYSE:ATKR) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,343 shares of the company’s stock, valued at approximately $201,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. grew its position in shares of Atkore by 97.0% in the 1st quarter. Harbor Capital Advisors Inc. now owns 526 shares of the company’s stock valued at $32,000 after buying an additional 259 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Atkore by 1,514.7% in the 1st quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock valued at $33,000 after buying an additional 515 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Atkore by 358.9% in the 1st quarter. Versant Capital Management Inc now owns 693 shares of the company’s stock valued at $42,000 after buying an additional 542 shares during the last quarter. Signaturefd LLC grew its position in shares of Atkore by 384.0% in the 1st quarter. Signaturefd LLC now owns 905 shares of the company’s stock valued at $54,000 after buying an additional 718 shares during the last quarter. Finally, KBC Group NV grew its position in shares of Atkore by 29.5% in the 1st quarter. KBC Group NV now owns 1,881 shares of the company’s stock valued at $113,000 after buying an additional 429 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have commented on ATKR shares. Citigroup reiterated a “neutral” rating and issued a $80.00 price target (up previously from $70.00) on shares of Atkore in a research report on Monday, June 9th. KeyCorp reiterated a “sector weight” rating on shares of Atkore in a research report on Wednesday, August 6th. Royal Bank Of Canada upped their price target on Atkore from $65.00 to $70.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 7th. 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. Finally, Wall Street Zen raised Atkore from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $79.57.

Insiders Place Their Bets

In related news, insider Mark F. Lamps sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $59.37, for a total transaction of $59,370.00. Following the transaction, the insider directly owned 31,873 shares of the company’s stock, valued at approximately $1,892,300.01. This represents a 3.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.99% of the company’s stock.

Atkore Stock Up 6.3%

ATKR stock opened at $60.1030 on Friday. The stock’s 50 day simple moving average is $68.88 and its 200 day simple moving average is $65.85. Atkore Inc. has a fifty-two week low of $49.92 and a fifty-two week high of $105.28. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.08 and a current ratio of 3.09. The company has a market cap of $2.02 billion, a P/E ratio of 19.26 and a beta of 2.10.

Atkore Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Tuesday, August 19th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, August 19th. Atkore’s dividend payout ratio is 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.