Atkore Inc. (NYSE:ATKR) Shares Bought by Edgestream Partners L.P.

Edgestream Partners L.P. grew its position in shares of Atkore Inc. (NYSE:ATKR - Free Report) by 923.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,826 shares of the company's stock after buying an additional 36,835 shares during the quarter. Edgestream Partners L.P. owned 0.11% of Atkore worth $3,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Signaturefd LLC increased its position in Atkore by 445.6% in the third quarter. Signaturefd LLC now owns 491 shares of the company's stock worth $42,000 after buying an additional 401 shares in the last quarter. Quarry LP bought a new stake in Atkore during the 2nd quarter worth approximately $57,000. Mather Group LLC. lifted its holdings in Atkore by 895.7% during the second quarter. Mather Group LLC. now owns 468 shares of the company's stock valued at $63,000 after purchasing an additional 421 shares in the last quarter. Covestor Ltd boosted its position in shares of Atkore by 63.7% in the third quarter. Covestor Ltd now owns 1,002 shares of the company's stock worth $85,000 after purchasing an additional 390 shares during the period. Finally, Headlands Technologies LLC increased its stake in shares of Atkore by 829.9% in the second quarter. Headlands Technologies LLC now owns 902 shares of the company's stock worth $122,000 after purchasing an additional 805 shares in the last quarter.

Analyst Ratings Changes

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

Atkore Stock Down 0.1 %

Shares of ATKR traded down $0.13 during mid-day trading on Monday, hitting $94.18. The company's stock had a trading volume of 502,435 shares, compared to its average volume of 638,286. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 7.46 and a beta of 2.13. The company's 50-day moving average is $88.67 and its 200-day moving average is $110.09. The company has a current ratio of 2.98, a quick ratio of 1.96 and a debt-to-equity ratio of 0.50. Atkore Inc. has a 52-week low of $76.01 and a 52-week high of $194.98.

Atkore Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be issued a $0.32 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.36%. Atkore's dividend payout ratio is presently 10.13%.

Insiders Place Their Bets

In other Atkore news, VP Daniel S. Kelly sold 13,071 shares of the firm's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $95.74, for a total value of $1,251,417.54. Following the completion of the transaction, the vice president now owns 27,528 shares of the company's stock, valued at approximately $2,635,530.72. This trade represents a 32.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Mark F. Lamps sold 500 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $2,667,290.30. The trade was a 1.78 % decrease in their position. The disclosure for this sale can be found here. 2.56% of the stock is currently owned by corporate insiders.

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.