CacheTech Inc. Has $2.18 Million Stock Holdings in Atkore Inc. (NYSE:ATKR)

CacheTech Inc. grew its holdings in Atkore Inc. (NYSE:ATKR - Free Report) by 56.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,761 shares of the company's stock after purchasing an additional 9,310 shares during the quarter. CacheTech Inc. owned about 0.07% of Atkore worth $2,183,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Hodges Capital Management Inc. bought a new stake in shares of Atkore in the second quarter valued at about $4,158,000. Capital World Investors acquired a new position in shares of Atkore in the first quarter valued at $14,986,000. Sei Investments Co. lifted its position in Atkore by 44.3% in the first quarter. Sei Investments Co. now owns 65,913 shares of the company's stock worth $12,547,000 after purchasing an additional 20,244 shares during the period. Boston Trust Walden Corp acquired a new stake in Atkore during the second quarter worth $23,306,000. Finally, Maverick Capital Ltd. increased its holdings in Atkore by 386.9% in the 2nd quarter. Maverick Capital Ltd. now owns 9,709 shares of the company's stock valued at $1,310,000 after buying an additional 7,715 shares during the period.

Insider Transactions at Atkore

In other news, insider Mark F. Lamps sold 500 shares of Atkore stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $95.47, for a total transaction of $47,735.00. Following the completion of the transaction, 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 can be accessed through this link. Company insiders own 2.56% of the company's stock.

Atkore Trading Up 0.8 %

NYSE:ATKR traded up $0.66 during trading hours on Friday, hitting $86.42. The stock had a trading volume of 471,295 shares, compared to its average volume of 609,309. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 6.07 and a beta of 2.14. Atkore Inc. has a one year low of $80.11 and a one year high of $194.98. 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 business's 50 day moving average is $86.92 and its 200-day moving average is $121.77.

Atkore (NYSE:ATKR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $3.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.52 by $0.28. The firm had revenue of $822.40 million for the quarter, compared to analyst estimates of $830.16 million. Atkore had a net margin of 16.47% and a return on equity of 36.96%. The company's revenue was down 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $5.13 EPS. Sell-side analysts anticipate that Atkore Inc. will post 12.69 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Loop Capital decreased their target price on shares of Atkore from $160.00 to $130.00 and set a "buy" rating on the stock in a research report on Friday, September 20th. Royal Bank of Canada cut Atkore from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from $175.00 to $100.00 in a report on Wednesday, August 7th. KeyCorp cut their price target on Atkore from $125.00 to $105.00 and set an "overweight" rating for the company in a report on Friday, September 13th. Finally, B. Riley decreased 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Atkore currently has an average rating of "Moderate Buy" and a consensus target price of $131.60.

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.