Integrated Investment Consultants LLC Acquires Shares of 15,247 Atkore Inc. (NYSE:ATKR)

Integrated Investment Consultants LLC bought a new position in shares of Atkore Inc. (NYSE:ATKR) in the third quarter, Holdings Channel.com reports. The fund bought 15,247 shares of the company’s stock, valued at approximately $1,292,000.

A number of other hedge funds have also modified their holdings of ATKR. Signaturefd LLC increased its holdings in shares of Atkore by 445.6% in the third quarter. Signaturefd LLC now owns 491 shares of the company’s stock valued at $42,000 after purchasing an additional 401 shares during the last quarter. Quarry LP acquired a new position in shares of Atkore during the 2nd quarter valued at about $57,000. Mather Group LLC. boosted its position in shares of Atkore by 895.7% during 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 last quarter. Covestor Ltd grew its holdings in shares of Atkore by 63.7% in the third quarter. Covestor Ltd now owns 1,002 shares of the company’s stock valued at $85,000 after purchasing an additional 390 shares during the period. Finally, Headlands Technologies LLC increased its position in Atkore by 829.9% during the second quarter. Headlands Technologies LLC now owns 902 shares of the company’s stock worth $122,000 after purchasing an additional 805 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

Atkore Stock Down 2.6 %

NYSE:ATKR opened at $84.08 on Thursday. Atkore Inc. has a 52 week low of $80.11 and a 52 week high of $194.98. The stock’s fifty day moving average is $87.75 and its two-hundred day moving average is $114.14. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 5.90 and a beta of 2.13. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, December 6th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Friday, December 6th. Atkore’s payout ratio is 8.99%.

Insider Activity at Atkore

In related news, insider Mark F. Lamps sold 500 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $96.55, for a total transaction of $48,275.00. Following the sale, the insider now directly owns 27,626 shares of the company’s stock, valued at $2,667,290.30. This represents a 1.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.56% of the stock is currently owned by company insiders.

Atkore Profile

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.