Atkore Inc. $ATKR Stock Position Increased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS lifted its position in Atkore Inc. (NYSE:ATKR) by 4.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,600 shares of the company’s stock after buying an additional 800 shares during the period. KLP Kapitalforvaltning AS owned approximately 0.05% of Atkore worth $1,242,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Gates Capital Management Inc. raised its position in shares of Atkore by 25.2% during the first quarter. Gates Capital Management Inc. now owns 3,265,061 shares of the company’s stock worth $195,871,000 after purchasing an additional 657,707 shares during the period. Pacer Advisors Inc. raised its position in shares of Atkore by 43,389.8% during the first quarter. Pacer Advisors Inc. now owns 365,749 shares of the company’s stock worth $21,941,000 after purchasing an additional 364,908 shares during the period. Federated Hermes Inc. raised its position in shares of Atkore by 29,230.4% during the first quarter. Federated Hermes Inc. now owns 209,419 shares of the company’s stock worth $12,563,000 after purchasing an additional 208,705 shares during the period. Nuveen LLC acquired a new stake in shares of Atkore during the first quarter worth $11,502,000. Finally, Victory Capital Management Inc. raised its position in shares of Atkore by 33.4% during the first quarter. Victory Capital Management Inc. now owns 628,300 shares of the company’s stock worth $37,692,000 after purchasing an additional 157,470 shares during the period.

Atkore Stock Performance

ATKR opened at $64.41 on Wednesday. The company has a market cap of $2.17 billion, a PE ratio of 20.64 and a beta of 2.13. The stock has a 50-day moving average of $59.91 and a 200-day moving average of $64.76. Atkore Inc. has a 52-week low of $49.92 and a 52-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.

Atkore Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Tuesday, August 19th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Tuesday, August 19th. Atkore’s dividend payout ratio (DPR) is presently 42.31%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ATKR shares. KeyCorp reaffirmed a “sector weight” rating on shares of Atkore in a research report on Wednesday, August 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Atkore in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $79.57.

Insider Buying and Selling

In other news, insider Mark F. Lamps sold 1,000 shares of the firm’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $59.37, for a total value of $59,370.00. Following 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.99% of the company’s stock.

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.