Steward Partners Investment Advisory LLC Purchases 831 Shares of Atkore Inc. (NYSE:ATKR)

Steward Partners Investment Advisory LLC grew its position in Atkore Inc. (NYSE:ATKRGet Rating) by 67.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,056 shares of the company’s stock after acquiring an additional 831 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Atkore were worth $202,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ATKR. National Asset Management Inc. bought a new stake in shares of Atkore during the 4th quarter worth about $451,000. Commonwealth Equity Services LLC bought a new stake in shares of Atkore during the 4th quarter worth about $510,000. Riverwater Partners LLC acquired a new stake in Atkore in the 4th quarter worth about $2,113,000. Qube Research & Technologies Ltd raised its stake in Atkore by 302.2% in the 4th quarter. Qube Research & Technologies Ltd now owns 42,010 shares of the company’s stock worth $4,671,000 after purchasing an additional 31,564 shares in the last quarter. Finally, Jackson Creek Investment Advisors LLC acquired a new stake in Atkore in the 4th quarter worth about $1,144,000. Institutional investors own 94.87% of the company’s stock.

Insider Buying and Selling

In related news, VP Daniel S. Kelly sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 3rd. The shares were sold at an average price of $113.25, for a total transaction of $1,132,500.00. Following the completion of the transaction, the vice president now directly owns 46,644 shares in the company, valued at approximately $5,282,433. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO William E. Jr. Waltz sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $118.65, for a total transaction of $2,373,000.00. Following the completion of the transaction, the chief executive officer now directly owns 39,017 shares in the company, valued at approximately $4,629,367.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Daniel S. Kelly sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 3rd. The stock was sold at an average price of $113.25, for a total transaction of $1,132,500.00. Following the sale, the vice president now directly owns 46,644 shares in the company, valued at $5,282,433. The disclosure for this sale can be found here. Insiders sold a total of 40,218 shares of company stock worth $4,670,985 in the last three months. 1.96% of the stock is owned by corporate insiders.

Atkore Price Performance

Shares of NYSE:ATKR opened at $99.27 on Monday. The firm has a 50 day moving average of $94.68 and a 200-day moving average of $99.27. The stock has a market capitalization of $4.28 billion, a PE ratio of 5.74 and a beta of 2.27. The company has a current ratio of 3.25, a quick ratio of 2.35 and a debt-to-equity ratio of 0.74. Atkore Inc. has a 12 month low of $73.52 and a 12 month high of $123.53.

Atkore (NYSE:ATKRGet Rating) last issued its earnings results on Tuesday, May 3rd. The company reported $5.08 EPS for the quarter. The company had revenue of $982.57 million during the quarter, compared to analysts’ expectations of $800.90 million. Atkore had a net margin of 22.67% and a return on equity of 93.07%. The business’s revenue for the quarter was up 53.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.79 EPS.

Analyst Ratings Changes

Several brokerages have weighed in on ATKR. Royal Bank of Canada lifted their price objective on shares of Atkore from $123.00 to $170.00 in a research note on Wednesday, May 4th. Credit Suisse Group set a $130.00 price objective on shares of Atkore in a research note on Tuesday, July 19th. Citigroup lifted their price objective on shares of Atkore from $109.00 to $125.00 in a research note on Wednesday, May 4th. Finally, StockNews.com cut shares of Atkore from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 27th.

Atkore Company Profile

(Get Rating)

Atkore Inc manufactures and sells electrical, safety, and infrastructure products in the United States and internationally. The company offers electrical products, including conduits cables, and installation accessories. It also provides safety and infrastructure solutions, such as metal framing, mechanical pipe, perimeter security, and cable management.

Recommended Stories

Institutional Ownership by Quarter for Atkore (NYSE:ATKR)

Want More Great Investing Ideas?

Receive News & Ratings for Atkore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atkore and related companies with MarketBeat.com's FREE daily email newsletter.