Benjamin Edwards Inc. raised its holdings in Atkore Inc. (NYSE:ATKR – Free Report) by 128.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 267 shares of the company’s stock after acquiring an additional 150 shares during the period. Benjamin Edwards Inc.’s holdings in Atkore were worth $38,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Norges Bank purchased a new position in Atkore in the 4th quarter worth approximately $59,906,000. Capital Research Global Investors bought a new stake in Atkore in the 1st quarter worth approximately $42,940,000. GW&K Investment Management LLC boosted its stake in Atkore by 156.2% in the fourth quarter. GW&K Investment Management LLC now owns 647,776 shares of the company’s stock worth $73,471,000 after buying an additional 394,908 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its position in Atkore by 19.2% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,057,118 shares of the company’s stock valued at $119,898,000 after acquiring an additional 170,539 shares during the last quarter. Finally, Balyasny Asset Management LLC lifted its holdings in shares of Atkore by 987.0% in the 3rd quarter. Balyasny Asset Management LLC now owns 172,986 shares of the company’s stock worth $13,460,000 after acquiring an additional 157,072 shares during the last quarter. Institutional investors own 98.69% of the company’s stock.
Atkore Trading Down 0.9 %
NYSE ATKR opened at $152.67 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.10 and a current ratio of 2.99. Atkore Inc. has a fifty-two week low of $70.50 and a fifty-two week high of $157.45. The stock has a market cap of $5.89 billion, a P/E ratio of 7.86 and a beta of 2.22. The stock has a 50 day simple moving average of $136.42 and a two-hundred day simple moving average of $134.07.
Analysts Set New Price Targets
Separately, StockNews.com assumed coverage on shares of Atkore in a research note on Thursday, May 18th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $161.40.
Insider Transactions at Atkore
In related news, Director Scott H. Muse sold 1,211 shares of the business’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $150.00, for a total transaction of $181,650.00. Following the sale, the director now owns 26,583 shares of the company’s stock, valued at $3,987,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.11% of the company’s stock.
Atkore Company Profile
Atkore Inc engages in the manufacture and sale of electrical, safety, and infrastructure products in the United States and internationally. The company offers conduits, cables, and installation accessories. It also designs and manufactures safety and infrastructure solutions, such as metal framing, mechanical pipe, perimeter security, and cable management.
Featured Stories
- Five stocks we like better than Atkore
- MarketBeat Week in Review – 7/10 – 7/14
- Wells Fargo’s Earnings, Why Markets Are Loving The Stock
- Citigroup Leads Banking Earnings, What’s Next?
- BlackRock Kicks Off Financials Earnings Season, Gauge To Markets
- JPMorgan Chase Is In Reversal But Don’t Chase It Higher
Want to see what other hedge funds are holding ATKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atkore Inc. (NYSE:ATKR – Free Report).
Receive News & Ratings for Atkore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atkore and related companies with MarketBeat.com's FREE daily email newsletter.
