Atkore Inc. (NYSE:ATKR) Shares Bought by Royce & Associates LP

Royce & Associates LP raised its stake in Atkore Inc. (NYSE:ATKR - Free Report) by 20.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 396,054 shares of the company's stock after acquiring an additional 66,533 shares during the quarter. Royce & Associates LP owned approximately 1.10% of Atkore worth $33,562,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ATKR. Hood River Capital Management LLC acquired a new stake in Atkore in the 1st quarter worth about $63,900,000. Allspring Global Investments Holdings LLC grew its holdings in Atkore by 26.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,234,350 shares of the company's stock valued at $104,599,000 after purchasing an additional 261,234 shares during the period. Swedbank AB acquired a new position in Atkore during the first quarter worth approximately $47,591,000. Marshall Wace LLP increased its position in Atkore by 1,047.5% during the second quarter. Marshall Wace LLP now owns 224,267 shares of the company's stock worth $30,260,000 after purchasing an additional 204,723 shares during the last quarter. Finally, Boston Trust Walden Corp purchased a new position in Atkore during the second quarter worth approximately $23,306,000.

Insiders Place Their Bets

In other Atkore news, insider Mark F. Lamps sold 500 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $96.55, for a total value of $48,275.00. Following the transaction, the insider now owns 27,626 shares in the company, valued at $2,667,290.30. The trade was a 1.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.56% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on ATKR shares. KeyCorp dropped their price objective on Atkore from $125.00 to $105.00 and set an "overweight" rating for the company in a report on Friday, September 13th. B. Riley reduced their price objective on Atkore from $183.00 to $135.00 and set a "buy" rating on the stock in a research note on Wednesday, August 7th. 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. Finally, Loop Capital cut their price target on shares of Atkore from $160.00 to $130.00 and set a "buy" rating on the stock in a report on Friday, September 20th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $131.60.

Atkore Stock Down 2.5 %

Shares of ATKR stock traded down $2.26 during trading hours on Friday, reaching $88.97. The company had a trading volume of 573,808 shares, compared to its average volume of 619,163. The company has a market capitalization of $3.19 billion, a P/E ratio of 6.25 and a beta of 2.13. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.03 and a current ratio of 3.26. Atkore Inc. has a twelve month low of $80.11 and a twelve month high of $194.98. The stock's fifty day simple moving average is $87.45 and its 200 day simple moving average is $117.08.

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.