E. Ohman J or Asset Management AB Grows Holdings in Atkore Inc. (NYSE:ATKR)

E. Ohman J or Asset Management AB grew its stake in shares of Atkore Inc. (NYSE:ATKR - Free Report) by 3.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 205,125 shares of the company's stock after buying an additional 7,256 shares during the quarter. E. Ohman J or Asset Management AB owned 0.56% of Atkore worth $17,382,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in Atkore by 445.6% in the third quarter. Signaturefd LLC now owns 491 shares of the company's stock worth $42,000 after purchasing an additional 401 shares in the last quarter. Quarry LP bought a new stake in shares of Atkore in the 2nd quarter worth $57,000. Mather Group LLC. raised its position in Atkore by 895.7% in 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 last quarter. Headlands Technologies LLC raised its holdings in shares of Atkore by 829.9% during the second quarter. Headlands Technologies LLC now owns 902 shares of the company's stock valued at $122,000 after purchasing an additional 805 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Atkore by 15.2% during the 3rd quarter. Blue Trust Inc. now owns 2,397 shares of the company's stock valued at $203,000 after buying an additional 316 shares during the period.

Insider Buying and Selling at Atkore

In other Atkore news, insider Mark F. Lamps sold 500 shares of Atkore stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $95.47, for a total transaction of $47,735.00. Following the completion of the sale, the insider now directly owns 28,086 shares in the company, valued at approximately $2,681,370.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.56% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

Atkore Stock Down 0.5 %

NYSE ATKR traded down $0.39 on Friday, reaching $85.58. 266,531 shares of the stock traded hands, compared to its average volume of 614,098. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.03 and a current ratio of 3.26. The company has a fifty day moving average price of $88.29 and a 200-day moving average price of $125.84. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 5.36 and a beta of 2.14. Atkore Inc. has a 12 month low of $80.11 and a 12 month high of $194.98.

Atkore (NYSE:ATKR - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $3.80 earnings per share for the quarter, topping analysts' consensus estimates of $3.52 by $0.28. Atkore had a return on equity of 36.96% and a net margin of 16.47%. The company had revenue of $822.40 million during the quarter, compared to analyst estimates of $830.16 million. During the same quarter in the prior year, the business earned $5.13 earnings per share. Atkore's revenue was down 10.5% on a year-over-year basis. As a group, research analysts forecast that Atkore Inc. will post 12.69 EPS for the current fiscal year.

Atkore Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Tuesday, August 20th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.28 annualized dividend and a dividend yield of 1.50%. Atkore's dividend payout ratio (DPR) is currently 7.98%.

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.