Factorial Partners LLC Purchases 2,400 Shares of Atkore Inc. (NYSE:ATKR)

Factorial Partners LLC raised its holdings in shares of Atkore Inc. (NYSE:ATKR) by 15.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,900 shares of the company’s stock after buying an additional 2,400 shares during the period. Factorial Partners LLC’s holdings in Atkore were worth $1,517,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Hodges Capital Management Inc. purchased a new position in Atkore during the 2nd quarter valued at $4,158,000. Capital World Investors purchased a new stake in shares of Atkore during the first quarter valued at $14,986,000. Boston Trust Walden Corp bought a new position in shares of Atkore in the second quarter worth about $23,306,000. Maverick Capital Ltd. grew its holdings in shares of Atkore by 386.9% in the second quarter. Maverick Capital Ltd. now owns 9,709 shares of the company’s stock worth $1,310,000 after purchasing an additional 7,715 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Atkore by 1.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 449,323 shares of the company’s stock worth $85,535,000 after buying an additional 4,852 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ATKR shares. B. Riley lowered their price objective on shares of Atkore from $183.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Loop Capital dropped their price objective on Atkore from $160.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, September 20th. Royal Bank of Canada lowered Atkore from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $175.00 to $100.00 in a research report on Wednesday, August 7th. Finally, KeyCorp lowered 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. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Atkore currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.60.

Insider Buying and Selling at Atkore

In other Atkore news, insider Mark F. Lamps sold 500 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $96.55, for a total value of $48,275.00. Following the completion of the sale, the insider now directly owns 27,626 shares in the company, valued at approximately $2,667,290.30. This trade represents a 1.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.56% of the stock is owned by insiders.

Atkore Price Performance

ATKR opened at $86.38 on Wednesday. The firm has a market capitalization of $3.10 billion, a PE ratio of 6.07 and a beta of 2.13. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.26 and a quick ratio of 2.03. The business’s 50-day moving average is $87.66 and its two-hundred day moving average is $114.98. Atkore Inc. has a 1 year low of $80.11 and a 1 year high of $194.98.

Atkore Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, December 6th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, December 6th. This represents a $1.28 dividend on an annualized basis and a yield of 1.48%. Atkore’s payout ratio is 8.99%.

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.