EMC Capital Management Sells 2,466 Shares of Atkore Inc. $ATKR

EMC Capital Management cut its position in Atkore Inc. (NYSE:ATKR) by 44.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,033 shares of the company’s stock after selling 2,466 shares during the quarter. EMC Capital Management’s holdings in Atkore were worth $214,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cerity Partners LLC bought a new stake in Atkore in the 1st quarter valued at about $619,000. CWM LLC boosted its position in Atkore by 952.0% during the first quarter. CWM LLC now owns 5,565 shares of the company’s stock worth $334,000 after purchasing an additional 5,036 shares during the period. Signaturefd LLC increased its stake in shares of Atkore by 384.0% in the first quarter. Signaturefd LLC now owns 905 shares of the company’s stock worth $54,000 after purchasing an additional 718 shares in the last quarter. KLP Kapitalforvaltning AS raised its position in shares of Atkore by 24.4% in the first quarter. KLP Kapitalforvaltning AS now owns 16,800 shares of the company’s stock valued at $1,008,000 after purchasing an additional 3,300 shares during the period. Finally, Royce & Associates LP raised its position in shares of Atkore by 8.4% in the first quarter. Royce & Associates LP now owns 447,425 shares of the company’s stock valued at $26,841,000 after purchasing an additional 34,673 shares during the period.

Insider Activity at Atkore

In other news, insider Mark F. Lamps sold 1,000 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $64.75, for a total value of $64,750.00. Following the transaction, the insider owned 29,923 shares of the company’s stock, valued at approximately $1,937,514.25. This represents a 3.23% 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 owned by company insiders.

Atkore Price Performance

ATKR stock opened at $65.04 on Wednesday. The firm has a 50 day moving average of $64.50 and a 200-day moving average of $66.16. The firm has a market capitalization of $2.19 billion, a P/E ratio of 20.85 and a beta of 2.12. Atkore Inc. has a 12 month low of $49.92 and a 12 month high of $97.32. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Friday, December 5th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, December 5th. Atkore’s dividend payout ratio (DPR) is presently 42.31%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. KeyCorp reaffirmed a “sector weight” rating on shares of Atkore in a report on Friday. Weiss Ratings downgraded Atkore from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 24th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $79.57.

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.