Atkore Inc. (NYSE:ATKR) Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its holdings in shares of Atkore Inc. (NYSE:ATKR - Free Report) by 729.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,831 shares of the company's stock after purchasing an additional 24,476 shares during the period. Y Intercept Hong Kong Ltd owned 0.08% of Atkore worth $2,358,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Signaturefd LLC lifted its holdings in shares of Atkore by 445.6% during the 3rd quarter. Signaturefd LLC now owns 491 shares of the company's stock valued at $42,000 after purchasing an additional 401 shares during the last quarter. Quarry LP lifted its stake in Atkore by 48.8% during the 3rd quarter. Quarry LP now owns 634 shares of the company's stock valued at $54,000 after acquiring an additional 208 shares during the period. Covestor Ltd boosted its holdings in Atkore by 63.7% in the third quarter. Covestor Ltd now owns 1,002 shares of the company's stock valued at $85,000 after purchasing an additional 390 shares during the last quarter. Headlands Technologies LLC grew its holdings in Atkore by 829.9% during the second quarter. Headlands Technologies LLC now owns 902 shares of the company's stock worth $122,000 after acquiring an additional 805 shares during the period. Finally, Pinnacle Associates Ltd. purchased a new stake in Atkore in the 3rd quarter worth approximately $126,000.

Insider Buying and Selling at Atkore

In other news, insider Mark F. Lamps sold 500 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $96.55, for a total transaction of $48,275.00. Following the completion of the sale, the insider now owns 27,626 shares in the company, valued at approximately $2,667,290.30. This represents a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeri L. Isbell sold 3,353 shares of the business's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $94.03, for a total value of $315,282.59. Following the completion of the transaction, the director now owns 25,585 shares in the company, valued at $2,405,757.55. This trade represents a 11.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,924 shares of company stock worth $1,614,975 over the last three months. Insiders own 2.56% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on ATKR. Royal Bank of Canada restated a "sector perform" rating and set a $102.00 price target (up previously from $93.00) on shares of Atkore in a research report on Wednesday, December 4th. Loop Capital reduced their price target on Atkore from $130.00 to $115.00 and set a "buy" rating for the company in a report on Friday, November 22nd. B. Riley cut shares of Atkore from a "buy" rating to a "neutral" rating and dropped their price target for the company from $135.00 to $84.00 in a research note on Friday, November 22nd. Finally, KeyCorp reduced their target price on Atkore from $125.00 to $105.00 and set an "overweight" rating for the company in a report on Friday, September 13th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $118.80.

Atkore Stock Down 1.9 %

Shares of ATKR traded down $1.76 during mid-day trading on Tuesday, hitting $89.10. 567,212 shares of the company's stock were exchanged, compared to its average volume of 633,455. 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 company has a market cap of $3.11 billion, a price-to-earnings ratio of 7.05 and a beta of 2.10. The stock's 50-day moving average is $89.42 and its 200-day moving average is $107.40. Atkore Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $194.98.

Atkore (NYSE:ATKR - Get Free Report) last announced its quarterly earnings data on Thursday, November 21st. The company reported $2.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.06). Atkore had a net margin of 14.77% and a return on equity of 32.14%. The company had revenue of $788.30 million during the quarter, compared to analyst estimates of $749.49 million. During the same quarter in the previous year, the business posted $3.63 earnings per share. The firm's revenue was down 9.4% on a year-over-year basis. On average, sell-side analysts anticipate that Atkore Inc. will post 6.69 earnings per share for the current fiscal year.

Atkore Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.28 annualized dividend and a dividend yield of 1.44%. Atkore's dividend payout ratio is currently 10.13%.

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.