15,033 Shares in Atkore Inc. (NYSE:ATKR) Purchased by Intech Investment Management LLC

Intech Investment Management LLC purchased a new stake in Atkore Inc. (NYSE:ATKR - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 15,033 shares of the company's stock, valued at approximately $1,274,000.

A number of other institutional investors also recently modified their holdings of ATKR. Quarry LP bought a new stake in Atkore during the 2nd quarter valued at $57,000. Mather Group LLC. lifted its holdings 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 purchasing an additional 421 shares in the last quarter. Signaturefd LLC boosted its stake in Atkore by 445.6% in 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 period. Headlands Technologies LLC grew its holdings in Atkore by 829.9% during the 2nd quarter. Headlands Technologies LLC now owns 902 shares of the company's stock valued at $122,000 after buying an additional 805 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of Atkore by 63.7% during the third quarter. Covestor Ltd now owns 1,002 shares of the company's stock valued at $85,000 after buying an additional 390 shares during the period.

Atkore Price Performance

ATKR traded down $1.78 during trading on Wednesday, reaching $93.17. The stock had a trading volume of 712,646 shares, compared to its average volume of 639,815. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.96 and a current ratio of 2.98. The business has a 50-day moving average of $88.13 and a 200-day moving average of $111.83. Atkore Inc. has a one year low of $76.01 and a one year high of $194.98. The stock has a market cap of $3.25 billion, a PE ratio of 7.38 and a beta of 2.13.

Atkore Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, December 6th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Friday, December 6th. Atkore's payout ratio is currently 10.13%.

Insiders Place Their Bets

In other Atkore news, insider Mark F. Lamps sold 500 shares of Atkore stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $96.55, for a total value of $48,275.00. Following the transaction, the insider now directly owns 27,626 shares of the company's stock, valued at $2,667,290.30. The trade was a 1.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.56% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on ATKR shares. Royal Bank of Canada reduced their price objective 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. 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. B. Riley downgraded Atkore from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $135.00 to $84.00 in a research report on Friday, November 22nd. Finally, Loop Capital reduced their target price on Atkore from $130.00 to $115.00 and set a "buy" rating for the company in a research report on Friday, November 22nd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $117.00.

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.