Isthmus Partners LLC Has $1.79 Million Holdings in Atkore Inc. (NYSE:ATKR)

Isthmus Partners LLC lifted its position in Atkore Inc. (NYSE:ATKR) by 0.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,441 shares of the company’s stock after acquiring an additional 162 shares during the quarter. Isthmus Partners LLC’s holdings in Atkore were worth $1,789,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. E. Ohman J or Asset Management AB grew its holdings in shares of Atkore by 55.2% during the fourth quarter. E. Ohman J or Asset Management AB now owns 318,388 shares of the company’s stock valued at $26,569,000 after buying an additional 113,263 shares in the last quarter. Wellington Management Group LLP acquired a new stake in Atkore during the 3rd quarter worth about $7,916,000. Chase Investment Counsel Corp grew its stake in Atkore by 97.0% during the 3rd quarter. Chase Investment Counsel Corp now owns 13,000 shares of the company’s stock valued at $1,101,000 after acquiring an additional 6,400 shares in the last quarter. Y Intercept Hong Kong Ltd increased its holdings in shares of Atkore by 729.5% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 27,831 shares of the company’s stock valued at $2,358,000 after purchasing an additional 24,476 shares during the period. Finally, Van ECK Associates Corp increased its holdings in shares of Atkore by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 24,927 shares of the company’s stock valued at $2,136,000 after purchasing an additional 7,123 shares during the period.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ATKR. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $102.00 price target (up from $93.00) on shares of Atkore in a research note on Wednesday, December 4th. Roth Mkm began coverage on Atkore in a research report on Tuesday, December 17th. They issued a “buy” rating and a $100.00 target price on the stock. KeyCorp reduced their price target on Atkore from $105.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Loop Capital downgraded Atkore from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $115.00 to $65.00 in a report on Monday, February 10th. Finally, B. Riley lowered shares of Atkore from a “buy” rating to a “neutral” rating and cut their price objective for the company from $135.00 to $84.00 in a research report on Friday, November 22nd. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $103.17.

Insider Buying and Selling at Atkore

In other news, insider Mark F. Lamps sold 500 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $65.00, for a total value of $32,500.00. Following the completion of the sale, the insider now directly owns 33,760 shares of the company’s stock, valued at approximately $2,194,400. This represents a 1.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.99% of the company’s stock.

Atkore Trading Up 0.4 %

NYSE:ATKR opened at $64.96 on Monday. The company’s 50 day moving average is $75.19 and its 200-day moving average is $83.73. The company has a quick ratio of 1.96, a current ratio of 3.03 and a debt-to-equity ratio of 0.51. Atkore Inc. has a 12 month low of $55.91 and a 12 month high of $194.98. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 6.29 and a beta of 2.22.

Atkore (NYSE:ATKR) last announced its earnings results on Tuesday, February 4th. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.05 by $0.45. Atkore had a net margin of 12.42% and a return on equity of 25.69%. The firm had revenue of $661.60 million for the quarter, compared to the consensus estimate of $680.77 million. During the same quarter last year, the firm posted $4.12 EPS. The business’s quarterly revenue was down 17.1% on a year-over-year basis. Equities analysts anticipate that Atkore Inc. will post 5.79 EPS for the current year.

Atkore Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a dividend of $0.32 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.28 annualized dividend and a yield of 1.97%. Atkore’s payout ratio is 12.39%.

Atkore 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.