Swiss National Bank Has $6.03 Million Stock Holdings in Atkore Inc. (NYSE:ATKR)

Swiss National Bank lowered its stake in Atkore Inc. (NYSE:ATKR) by 1.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 71,100 shares of the company’s stock after selling 1,300 shares during the quarter. Swiss National Bank owned approximately 0.20% of Atkore worth $6,025,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ATKR. BOKF NA acquired a new position in shares of Atkore during the 1st quarter worth approximately $423,000. Price T Rowe Associates Inc. MD increased its holdings in 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 buying an additional 4,852 shares during the last quarter. Bayesian Capital Management LP acquired a new position in Atkore during the first quarter worth $411,000. Dynasty Wealth Management LLC bought a new stake in Atkore during the first quarter worth $261,000. Finally, B. Riley Wealth Advisors Inc. lifted its stake in Atkore by 9.8% in the first quarter. B. Riley Wealth Advisors Inc. now owns 19,386 shares of the company’s stock valued at $3,690,000 after acquiring an additional 1,723 shares during the last quarter.

Insider Activity at Atkore

In related news, insider Mark F. Lamps sold 500 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $96.55, for a total value of $48,275.00. Following the completion of the sale, the insider now directly owns 27,626 shares in the company, valued at $2,667,290.30. This represents a 1.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.56% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ATKR. Royal Bank of Canada lowered their price objective on shares of Atkore from $99.00 to $93.00 and set a “sector perform” rating on the stock in a research note on Friday, November 22nd. Loop Capital lowered their price target on Atkore from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. KeyCorp dropped 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. Finally, B. Riley downgraded Atkore from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $135.00 to $84.00 in a research note on Friday, November 22nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Atkore has a consensus rating of “Hold” and a consensus target price of $117.00.

Atkore Stock Up 0.4 %

Shares of ATKR opened at $94.97 on Wednesday. The firm’s 50-day simple moving average is $88.13 and its 200 day simple moving average is $111.83. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.96 and a current ratio of 2.98. The firm has a market cap of $3.41 billion, a P/E ratio of 7.52 and a beta of 2.13. Atkore Inc. has a 52 week low of $76.01 and a 52 week high of $194.98.

Atkore Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Friday, December 6th. Atkore’s dividend payout ratio is currently 10.13%.

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.