13,400 Shares in Atkore Inc. $ATKR Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new stake in Atkore Inc. (NYSE:ATKR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 13,400 shares of the company’s stock, valued at approximately $1,019,000.

Other institutional investors have also recently bought and sold shares of the company. Global Retirement Partners LLC bought a new stake in shares of Atkore during the 2nd quarter valued at $28,000. Kestra Investment Management LLC boosted its position in shares of Atkore by 710.9% in the 2nd quarter. Kestra Investment Management LLC now owns 446 shares of the company’s stock worth $31,000 after purchasing an additional 391 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Atkore by 1,263.2% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 518 shares of the company’s stock worth $32,000 after purchasing an additional 480 shares during the last quarter. Strs Ohio acquired a new stake in shares of Atkore during the first quarter worth $36,000. Finally, Jones Financial Companies Lllp grew 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 purchasing an additional 246 shares during the period.

Atkore Price Performance

ATKR opened at $93.67 on Monday. The company has a quick ratio of 2.04, a current ratio of 2.73 and a debt-to-equity ratio of 0.59. Atkore Inc. has a 12 month low of $53.75 and a 12 month high of $94.14. The company has a fifty day simple moving average of $81.75 and a 200 day simple moving average of $74.12. The stock has a market cap of $3.16 billion, a P/E ratio of -19.47 and a beta of 1.68.

Atkore (NYSE:ATKR) last issued its quarterly earnings data on Monday, August 3rd. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.53 by $0.39. The business had revenue of $794.80 million for the quarter, compared to the consensus estimate of $756.23 million. Atkore had a positive return on equity of 10.27% and a negative net margin of 5.55%.During the same quarter last year, the business posted $2.17 EPS. On average, research analysts expect that Atkore Inc. will post 5.15 EPS for the current year.

Atkore Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.4%. Atkore’s dividend payout ratio (DPR) is currently -27.44%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ATKR. Roth Capital lowered Atkore from a “buy” rating to a “neutral” rating and increased their target price for the company from $85.00 to $92.00 in a research note on Tuesday, August 4th. Wall Street Zen upgraded Atkore from a “hold” rating to a “buy” rating in a research report on Sunday, July 26th. Citigroup upped their price target on Atkore from $74.00 to $86.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Weiss Ratings upgraded shares of Atkore from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 12th. Finally, Royal Bank Of Canada set a $76.00 price objective on shares of Atkore in a research note on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $143.33.

Insider Activity at Atkore

In other news, insider Mark F. Lamps sold 300 shares of Atkore stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $93.75, for a total transaction of $28,125.00. Following the transaction, the insider owned 35,803 shares in the company, valued at $3,356,531.25. The trade was a 0.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

Atkore Profile

Atkore International Group Inc (NYSE: ATKR) is a diversified global manufacturer of electrical raceway and mechanical products, serving a broad range of end markets including commercial construction, industrial facilities and energy infrastructure. The company’s electrical product portfolio encompasses conduit, tubing, fittings, connectors and cable management systems designed for use in residential, commercial and industrial wiring applications. On the mechanical side, Atkore offers pipe support solutions, seismic bracing, HVAC hangers and other mechanical products that address critical building and process piping needs.

Founded as a family-owned business before its reorganization into a standalone public company in 2016, Atkore has grown through both organic investment and targeted acquisitions.