Atkore Inc. (NYSE:ATKR) Shares Purchased by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc grew its position in shares of Atkore Inc. (NYSE:ATKR) by 13.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,667 shares of the company’s stock after acquiring an additional 1,500 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Atkore were worth $1,709,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. ICA Group Wealth Management LLC acquired a new position in Atkore during the 4th quarter valued at about $25,000. LifeSteps Financial Inc. bought a new position in Atkore in the 1st quarter worth approximately $33,000. Mather Group LLC. increased its position in Atkore by 895.7% in the 2nd quarter. Mather Group LLC. now owns 468 shares of the company’s stock valued at $63,000 after acquiring an additional 421 shares during the period. Headlands Technologies LLC increased its position in Atkore by 829.9% in the 2nd quarter. Headlands Technologies LLC now owns 902 shares of the company’s stock valued at $122,000 after acquiring an additional 805 shares during the period. Finally, Kapitalo Investimentos Ltda raised its stake in Atkore by 2,658.8% during the 4th quarter. Kapitalo Investimentos Ltda now owns 938 shares of the company’s stock valued at $150,000 after acquiring an additional 904 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 on Monday, August 12th. The stock was sold at an average price of $95.47, for a total value of $47,735.00. Following the completion of the transaction, the insider now owns 28,086 shares in the company, valued at approximately $2,681,370.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.56% of the company’s stock.

Atkore Price Performance

Shares of Atkore stock opened at $85.63 on Friday. Atkore Inc. has a 52 week low of $80.11 and a 52 week high of $194.98. The company has a current ratio of 3.26, a quick ratio of 2.03 and a debt-to-equity ratio of 0.49. The stock has a market cap of $3.12 billion, a PE ratio of 5.34 and a beta of 2.14. The company’s 50-day moving average price is $100.35 and its two-hundred day moving average price is $138.62.

Atkore (NYSE:ATKR) last released its earnings results on Tuesday, August 6th. The company reported $3.80 EPS for the quarter, topping analysts’ consensus estimates of $3.52 by $0.28. The business had revenue of $822.40 million for the quarter, compared to the consensus estimate of $830.16 million. Atkore had a net margin of 16.47% and a return on equity of 36.96%. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period in the previous year, the firm earned $5.13 EPS. As a group, sell-side analysts anticipate that Atkore Inc. will post 12.69 EPS for the current fiscal year.

Atkore Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Tuesday, August 20th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend was Tuesday, August 20th. Atkore’s dividend payout ratio is presently 7.98%.

Wall Street Analysts Forecast Growth

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