Entropy Technologies LP Raises Position in Atkore Inc. (NYSE:ATKR)

Entropy Technologies LP grew its position in Atkore Inc. (NYSE:ATKR - Free Report) by 166.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,881 shares of the company's stock after purchasing an additional 6,796 shares during the quarter. Entropy Technologies LP's holdings in Atkore were worth $922,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Signaturefd LLC grew its position in Atkore by 445.6% during the 3rd quarter. Signaturefd LLC now owns 491 shares of the company's stock worth $42,000 after purchasing an additional 401 shares during the last quarter. Quarry LP acquired a new stake in shares of Atkore during the second quarter worth $57,000. Mather Group LLC. grew its holdings in shares of 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 buying an additional 421 shares during the last quarter. Covestor Ltd increased its position in shares of Atkore by 63.7% in the 3rd quarter. Covestor Ltd now owns 1,002 shares of the company's stock valued at $85,000 after acquiring an additional 390 shares during the period. Finally, Headlands Technologies LLC raised its stake in Atkore by 829.9% in the 2nd quarter. Headlands Technologies LLC now owns 902 shares of the company's stock worth $122,000 after acquiring an additional 805 shares during the last quarter.

Atkore Stock Performance

NYSE:ATKR traded down $1.64 during trading hours on Thursday, reaching $90.84. The company had a trading volume of 153,110 shares, compared to its average volume of 617,131. The firm has a market cap of $3.26 billion, a PE ratio of 6.49 and a beta of 2.13. Atkore Inc. has a 1-year low of $80.11 and a 1-year high of $194.98. The business's 50 day moving average price is $87.32 and its 200-day moving average price is $117.26. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.26 and a quick ratio of 2.03.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, insider Mark F. Lamps sold 500 shares of the company's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $96.55, for a total value of $48,275.00. Following the completion of the transaction, the insider now owns 27,626 shares of the company's stock, valued at approximately $2,667,290.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.56% of the stock is currently owned by insiders.

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.