FORA Capital LLC Takes $340,000 Position in Atkore Inc. (NYSE:ATKR)

FORA Capital LLC purchased a new position in shares of Atkore Inc. (NYSE:ATKR) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 4,008 shares of the company’s stock, valued at approximately $340,000.

A number of other institutional investors have also added to or reduced their stakes in ATKR. Signaturefd LLC raised its stake in Atkore by 445.6% during the 3rd quarter. Signaturefd LLC now owns 491 shares of the company’s stock worth $42,000 after buying an additional 401 shares during the period. Quarry LP acquired a new position in Atkore during the 2nd quarter worth approximately $57,000. Mather Group LLC. raised its stake in Atkore by 895.7% during the 2nd quarter. Mather Group LLC. now owns 468 shares of the company’s stock worth $63,000 after buying an additional 421 shares during the period. Covestor Ltd raised its stake in Atkore by 63.7% during the 3rd quarter. Covestor Ltd now owns 1,002 shares of the company’s stock worth $85,000 after buying an additional 390 shares during the period. Finally, Headlands Technologies LLC raised its stake in Atkore by 829.9% during the 2nd quarter. Headlands Technologies LLC now owns 902 shares of the company’s stock worth $122,000 after buying an additional 805 shares during the period.

Atkore Trading Up 1.6 %

Shares of Atkore stock opened at $94.67 on Friday. The firm has a market cap of $3.30 billion, a PE ratio of 7.50 and a beta of 2.13. Atkore Inc. has a 1 year low of $76.01 and a 1 year high of $194.98. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.98 and a quick ratio of 1.96. The stock has a fifty day moving average price of $88.49 and a 200-day moving average price of $111.14.

Atkore Announces Dividend

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

Wall Street Analysts Forecast Growth

ATKR has been the topic of a number of research reports. Royal Bank of Canada dropped their price target on Atkore from $99.00 to $93.00 and set a “sector perform” rating on the stock in a research note on Friday, November 22nd. B. Riley cut Atkore from a “buy” rating to a “neutral” rating and cut their target price for the company from $135.00 to $84.00 in a research report on Friday, November 22nd. KeyCorp lowered their price target on Atkore from $125.00 to $105.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. Finally, Loop Capital cut their price objective on shares of Atkore from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Atkore has an average rating of “Hold” and an average price target of $117.00.

Insiders Place Their Bets

In related news, insider Mark F. Lamps sold 500 shares of Atkore stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $96.55, for a total value of $48,275.00. Following the sale, the insider now owns 27,626 shares of the company’s stock, valued at approximately $2,667,290.30. The trade was a 1.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Daniel S. Kelly sold 13,071 shares of Atkore stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $95.74, for a total transaction of $1,251,417.54. Following the completion of the sale, the vice president now directly owns 27,528 shares in the company, valued at $2,635,530.72. This trade represents a 32.20 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.56% of the company’s stock.

Atkore Company 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.