Harber Asset Management LLC Sells 21,799 Shares of Atkore Inc. (NYSE:ATKR)

Harber Asset Management LLC decreased its holdings in Atkore Inc. (NYSE:ATKR) by 31.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,462 shares of the company’s stock after selling 21,799 shares during the quarter. Atkore comprises approximately 1.2% of Harber Asset Management LLC’s portfolio, making the stock its 27th biggest position. Harber Asset Management LLC owned 0.13% of Atkore worth $3,937,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Atkore by 26.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,234,350 shares of the company’s stock worth $104,599,000 after acquiring an additional 261,234 shares during the last quarter. American Century Companies Inc. grew its position in Atkore by 22.9% in the 2nd quarter. American Century Companies Inc. now owns 773,697 shares of the company’s stock valued at $104,395,000 after acquiring an additional 144,283 shares in the last quarter. Royce & Associates LP raised its position in shares of Atkore by 20.2% during the 3rd quarter. Royce & Associates LP now owns 396,054 shares of the company’s stock worth $33,562,000 after acquiring an additional 66,533 shares in the last quarter. William Blair Investment Management LLC grew its stake in shares of Atkore by 5.4% in the 2nd quarter. William Blair Investment Management LLC now owns 395,388 shares of the company’s stock valued at $53,350,000 after purchasing an additional 20,229 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Atkore by 23.5% in the second quarter. Principal Financial Group Inc. now owns 336,835 shares of the company’s stock worth $45,449,000 after buying an additional 64,050 shares during the period.

Atkore Trading Down 0.1 %

Atkore stock opened at $94.18 on Tuesday. The firm’s 50 day moving average price is $88.67 and its two-hundred day moving average price is $110.09. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.96 and a current ratio of 2.98. Atkore Inc. has a 1 year low of $76.01 and a 1 year high of $194.98. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 7.46 and a beta of 2.10.

Atkore Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be paid a $0.32 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.28 annualized dividend and a dividend yield of 1.36%. Atkore’s payout ratio is 10.13%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ATKR. KeyCorp cut their target price on shares of Atkore from $125.00 to $105.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. Loop Capital reduced their target price on shares of Atkore from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. Royal Bank of Canada dropped their target price on shares of Atkore from $99.00 to $93.00 and set a “sector perform” rating for the company in a report on Friday, November 22nd. Finally, B. Riley cut shares of Atkore from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $135.00 to $84.00 in a research note on Friday, November 22nd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $117.00.

Insider Buying and Selling

In related news, insider Mark F. Lamps sold 500 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $96.55, for a total value of $48,275.00. Following the sale, the insider now owns 27,626 shares of the company’s stock, valued at $2,667,290.30. This trade represents a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Daniel S. Kelly sold 13,071 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $95.74, for a total transaction of $1,251,417.54. Following the transaction, the vice president now directly owns 27,528 shares of the company’s stock, valued at approximately $2,635,530.72. This trade represents a 32.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.56% of the stock is owned by corporate insiders.

Atkore Company 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.