Keybank National Association OH Grows Stock Position in Atkore Inc. $ATKR

Keybank National Association OH increased its stake in shares of Atkore Inc. (NYSE:ATKR) by 42.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,054 shares of the company’s stock after purchasing an additional 1,500 shares during the quarter. Keybank National Association OH’s holdings in Atkore were worth $357,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ATKR. SummerHaven Investment Management LLC raised its position in Atkore by 4.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 6,283 shares of the company’s stock worth $443,000 after buying an additional 244 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Atkore by 61.8% during the first quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock worth $39,000 after acquiring an additional 246 shares during the period. Matrix Trust Co raised its stake in shares of Atkore by 7.8% during the 2nd quarter. Matrix Trust Co now owns 4,133 shares of the company’s stock worth $292,000 after buying an additional 298 shares in the last quarter. Harbour Investments Inc. raised its position in Atkore by 29.1% in the first quarter. Harbour Investments Inc. now owns 1,330 shares of the company’s stock worth $80,000 after acquiring an additional 300 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its stake in shares of Atkore by 8.4% in the second quarter. Arkadios Wealth Advisors now owns 4,111 shares of the company’s stock valued at $290,000 after purchasing an additional 317 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ATKR. KeyCorp restated a “sector weight” rating on shares of Atkore in a research report on Wednesday, August 6th. Weiss Ratings downgraded Atkore from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 24th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $79.57.

Insider Activity at Atkore

In related news, insider Mark F. Lamps sold 1,000 shares of the company’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $59.37, for a total value of $59,370.00. Following the completion of the transaction, the insider directly owned 31,873 shares in the company, valued at approximately $1,892,300.01. This represents a 3.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.99% of the stock is currently owned by corporate insiders.

Atkore Price Performance

NYSE:ATKR opened at $68.26 on Thursday. Atkore Inc. has a 12-month low of $49.92 and a 12-month high of $105.28. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 21.88 and a beta of 2.13. The company’s 50-day moving average is $63.20 and its two-hundred day moving average is $66.00. The company has a current ratio of 3.09, a quick ratio of 2.08 and a debt-to-equity ratio of 0.52.

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.