Atkore Inc. $ATKR Shares Acquired by Rhumbline Advisers

Rhumbline Advisers increased its position in Atkore Inc. (NYSE:ATKR) by 3.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 52,856 shares of the company’s stock after purchasing an additional 1,616 shares during the period. Rhumbline Advisers owned 0.16% of Atkore worth $3,171,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its holdings in Atkore by 97.0% in the first quarter. Harbor Capital Advisors Inc. now owns 526 shares of the company’s stock worth $32,000 after acquiring an additional 259 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Atkore by 1,514.7% in the first quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock worth $33,000 after acquiring an additional 515 shares during the last quarter. Strs Ohio bought a new position in Atkore in the first quarter worth about $36,000. New Age Alpha Advisors LLC bought a new position in Atkore in the first quarter worth about $37,000. Finally, Jones Financial Companies Lllp lifted its holdings in Atkore by 61.8% in the first quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock worth $39,000 after acquiring an additional 246 shares during the last quarter.

Insider Transactions at Atkore

In other Atkore news, insider Mark F. Lamps sold 1,000 shares of Atkore stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $59.37, for a total value of $59,370.00. Following the transaction, the insider owned 31,873 shares in the company, valued at approximately $1,892,300.01. The trade was a 3.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.99% of the company’s stock.

Atkore Trading Up 0.9%

Atkore stock opened at $61.72 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. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 19.78 and a beta of 2.16. Atkore Inc. has a 1 year low of $49.92 and a 1 year high of $105.28. The firm’s 50 day moving average price is $65.28 and its two-hundred day moving average price is $64.94.

Atkore Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Tuesday, August 19th were given a $0.33 dividend. The ex-dividend date was Tuesday, August 19th. This represents a $1.32 annualized dividend and a yield of 2.1%. Atkore’s payout ratio is 42.31%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Citigroup reissued a “neutral” rating and issued a $80.00 target price (up previously from $70.00) on shares of Atkore in a report on Monday, June 9th. KeyCorp reaffirmed a “sector weight” rating on shares of Atkore in a report on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $79.57.

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.