Atkore Inc. (NYSE:ATKR) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System cut its stake in Atkore Inc. (NYSE:ATKR) by 4.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,952 shares of the company’s stock after selling 3,322 shares during the period. California Public Employees Retirement System owned 0.20% of Atkore worth $12,312,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Foundry Partners LLC acquired a new stake in Atkore in the 2nd quarter worth approximately $3,876,000. Harvest Fund Management Co. Ltd raised its position in Atkore by 92.5% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 799 shares of the company’s stock worth $112,000 after buying an additional 384 shares during the last quarter. AE Wealth Management LLC raised its position in Atkore by 7.0% during the 2nd quarter. AE Wealth Management LLC now owns 1,763 shares of the company’s stock worth $275,000 after buying an additional 115 shares during the last quarter. Stratos Wealth Advisors LLC raised its position in Atkore by 16.9% during the 2nd quarter. Stratos Wealth Advisors LLC now owns 7,530 shares of the company’s stock worth $1,174,000 after buying an additional 1,089 shares during the last quarter. Finally, CWM LLC raised its position in Atkore by 134.9% during the 1st quarter. CWM LLC now owns 296 shares of the company’s stock worth $42,000 after buying an additional 170 shares during the last quarter.

Analyst Ratings Changes

A number of research firms have issued reports on ATKR. B. Riley raised their price target on shares of Atkore from $161.00 to $186.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. StockNews.com began coverage on shares of Atkore in a research report on Thursday, October 5th. They set a “buy” rating for the company. Citigroup raised their price target on shares of Atkore from $159.00 to $163.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 9th. Finally, Royal Bank of Canada raised their price target on shares of Atkore from $178.00 to $186.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th.

Atkore Price Performance

NYSE:ATKR opened at $130.20 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.85 and a quick ratio of 1.95. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of 6.92 and a beta of 2.14. The company has a 50 day moving average price of $137.65 and a 200-day moving average price of $141.35. Atkore Inc. has a 1-year low of $111.90 and a 1-year high of $164.76.

Atkore (NYSE:ATKR) last posted its earnings results on Friday, November 17th. The company reported $4.21 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.51. The firm had revenue of $870.00 million during the quarter, compared to analyst estimates of $910.40 million. Atkore had a net margin of 20.93% and a return on equity of 59.21%. The business’s quarterly revenue was down 15.5% on a year-over-year basis. During the same period in the previous year, the firm earned $5.18 EPS. Equities research analysts forecast that Atkore Inc. will post 17.33 EPS for the current year.

About Atkore

Atkore Inc engages in the manufacture and sale of electrical, safety, and infrastructure products in the United States and internationally. The company offers conduits, cables, and installation accessories. It also designs and manufactures safety and infrastructure solutions, such as metal framing, mechanical pipe, perimeter security, and cable management.