Cwm LLC Increases Stock Holdings in Atkore Inc. $ATKR

Cwm LLC lifted its stake in Atkore Inc. (NYSE:ATKR) by 14.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,357 shares of the company’s stock after purchasing an additional 792 shares during the quarter. Cwm LLC’s holdings in Atkore were worth $448,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dogwood Wealth Management LLC purchased a new position in shares of Atkore in the 2nd quarter worth approximately $26,000. GAMMA Investing LLC boosted its holdings in shares of Atkore by 1,514.7% in the 1st quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock worth $33,000 after purchasing an additional 515 shares during the period. Strs Ohio purchased a new position in shares of Atkore in the 1st quarter worth approximately $36,000. New Age Alpha Advisors LLC purchased a new position in shares of Atkore in the 1st quarter worth approximately $37,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Atkore by 61.8% in the 1st quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock worth $39,000 after purchasing an additional 246 shares during the period.

Analyst Ratings Changes

A number of brokerages have recently commented on ATKR. Weiss Ratings cut Atkore from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. KeyCorp reissued a “sector weight” rating on shares of Atkore in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Atkore currently has an average rating of “Hold” and an average target price of $79.57.

Atkore Trading Up 0.8%

Shares of NYSE ATKR opened at $68.45 on Friday. The company has a quick ratio of 2.08, a current ratio of 3.09 and a debt-to-equity ratio of 0.52. The business has a fifty day simple moving average of $61.50 and a two-hundred day simple moving average of $65.26. The firm has a market cap of $2.30 billion, a PE ratio of 21.94 and a beta of 2.13. Atkore Inc. has a twelve month low of $49.92 and a twelve month high of $105.28.

Atkore Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Tuesday, August 19th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $1.32 dividend on an annualized basis and a yield of 1.9%. Atkore’s payout ratio is 42.31%.

Insider Activity at Atkore

In other news, insider Mark F. Lamps sold 1,000 shares of the business’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 completion of the transaction, the insider directly owned 31,873 shares of the company’s stock, valued at approximately $1,892,300.01. The trade was a 3.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.99% of the company’s stock.

About Atkore

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.