Helen Stephens Group LLC Takes $218,000 Position in Atkore Inc. (NYSE:ATKR)

Helen Stephens Group LLC purchased a new stake in shares of Atkore Inc. (NYSE:ATKR) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 2,573 shares of the company’s stock, valued at approximately $218,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boston Partners boosted its holdings in Atkore by 12.0% in the first quarter. Boston Partners now owns 1,340,146 shares of the company’s stock worth $254,733,000 after acquiring an additional 143,121 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Atkore by 28.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 973,116 shares of the company’s stock worth $131,303,000 after purchasing an additional 216,997 shares in the last quarter. American Century Companies Inc. increased its position in shares of Atkore by 22.9% during the second quarter. American Century Companies Inc. now owns 773,697 shares of the company’s stock worth $104,395,000 after purchasing an additional 144,283 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of Atkore by 48.4% during the first quarter. Clearbridge Investments LLC now owns 514,908 shares of the company’s stock worth $98,018,000 after purchasing an additional 168,042 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Atkore by 1.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 449,323 shares of the company’s stock worth $85,535,000 after purchasing an additional 4,852 shares in the last quarter.

Insider Buying and Selling

In related news, insider Mark F. Lamps sold 500 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $95.47, for a total transaction of $47,735.00. Following the transaction, the insider now owns 28,086 shares of the company’s stock, valued at approximately $2,681,370.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.56% of the stock is owned by corporate insiders.

Atkore Stock Performance

Shares of Atkore stock opened at $84.45 on Wednesday. Atkore Inc. has a 52 week low of $80.11 and a 52 week high of $194.98. The business’s fifty day simple moving average is $92.76 and its 200-day simple moving average is $133.35. The firm has a market cap of $3.08 billion, a PE ratio of 5.26 and a beta of 2.14. The company has a quick ratio of 2.03, a current ratio of 3.26 and a debt-to-equity ratio of 0.49.

Atkore (NYSE:ATKR) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $3.80 EPS for the quarter, beating the consensus estimate of $3.52 by $0.28. Atkore had a return on equity of 36.96% and a net margin of 16.47%. The business had revenue of $822.40 million for the quarter, compared to analyst estimates of $830.16 million. During the same quarter in the prior year, the company posted $5.13 EPS. The company’s quarterly revenue was down 10.5% on a year-over-year basis. Equities analysts forecast that Atkore Inc. will post 12.69 earnings per share for the current year.

Atkore Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Tuesday, August 20th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Tuesday, August 20th. Atkore’s dividend payout ratio (DPR) is presently 7.98%.

Analyst Upgrades and Downgrades

Several analysts recently commented on ATKR shares. Loop Capital dropped their price target on Atkore from $160.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, September 20th. Royal Bank of Canada lowered Atkore from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $175.00 to $100.00 in a research note on Wednesday, August 7th. B. Riley lowered their price objective on Atkore from $183.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Finally, KeyCorp lowered their price objective on Atkore from $125.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Atkore presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.60.

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.