B. Riley Wealth Advisors Inc. Has $1.83 Million Stock Position in Atkore Inc. (NYSE:ATKR)

B. Riley Wealth Advisors Inc. increased its position in shares of Atkore Inc. (NYSE:ATKR – Get Rating) by 153.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,446 shares of the company’s stock after purchasing an additional 14,185 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Atkore were worth $1,825,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Van ECK Associates Corp increased its position in Atkore by 9.8% in the 3rd quarter. Van ECK Associates Corp now owns 1,409 shares of the company’s stock valued at $110,000 after acquiring an additional 126 shares in the last quarter. Captrust Financial Advisors increased its position in Atkore by 85.6% in the 2nd quarter. Captrust Financial Advisors now owns 607 shares of the company’s stock valued at $50,000 after acquiring an additional 280 shares in the last quarter. Cetera Investment Advisers increased its position in Atkore by 3.3% in the 2nd quarter. Cetera Investment Advisers now owns 9,539 shares of the company’s stock valued at $792,000 after acquiring an additional 303 shares in the last quarter. Lido Advisors LLC increased its position in Atkore by 6.4% in the 1st quarter. Lido Advisors LLC now owns 5,825 shares of the company’s stock valued at $573,000 after acquiring an additional 350 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in Atkore by 2.5% in the 1st quarter. HighTower Advisors LLC now owns 16,070 shares of the company’s stock valued at $1,582,000 after acquiring an additional 388 shares in the last quarter.

Atkore Stock Down 2.4 %

Atkore stock opened at $130.71 on Friday. The company’s 50 day simple moving average is $136.77 and its 200 day simple moving average is $112.51. Atkore Inc. has a fifty-two week low of $70.50 and a fifty-two week high of $154.86. The firm has a market capitalization of $5.16 billion, a price-to-earnings ratio of 6.47 and a beta of 2.22. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.96 and a quick ratio of 1.96.

Atkore (NYSE:ATKR – Get Rating) last released its quarterly earnings data on Wednesday, February 1st. The company reported $4.51 earnings per share for the quarter, topping the consensus estimate of $3.80 by $0.71. Atkore had a net margin of 22.58% and a return on equity of 76.09%. The business had revenue of $833.82 million for the quarter, compared to analyst estimates of $820.90 million. As a group, sell-side analysts anticipate that Atkore Inc. will post 15.12 EPS for the current year.

Insider Buying and Selling

In related news, insider Mark F. Lamps sold 2,480 shares of Atkore stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $144.75, for a total transaction of $358,980.00. Following the transaction, the insider now owns 23,305 shares of the company’s stock, valued at approximately $3,373,398.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Atkore news, insider Mark F. Lamps sold 2,480 shares of Atkore stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $144.75, for a total value of $358,980.00. Following the transaction, the insider now owns 23,305 shares of the company’s stock, valued at $3,373,398.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William E. Jr. Waltz sold 30,000 shares of Atkore stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $140.26, for a total transaction of $4,207,800.00. Following the completion of the transaction, the chief executive officer now directly owns 70,080 shares in the company, valued at approximately $9,829,420.80. The disclosure for this sale can be found here. Insiders have sold 48,813 shares of company stock valued at $6,997,675 in the last 90 days. 2.11% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ATKR has been the subject of several research reports. Citigroup raised their price objective on shares of Atkore from $135.00 to $156.00 and gave the company a “neutral” rating in a research report on Thursday, February 2nd. StockNews.com initiated coverage on shares of Atkore in a research report on Thursday. They set a “buy” rating for the company. Loop Capital lifted their price target on shares of Atkore from $150.00 to $170.00 in a research report on Thursday, February 2nd. B. Riley lifted their price target on shares of Atkore from $146.00 to $161.00 and gave the stock a “buy” rating in a research report on Thursday, February 2nd. Finally, Royal Bank of Canada lifted their price target on shares of Atkore from $139.00 to $177.00 and gave the stock an “outperform” rating in a research report on Thursday, February 2nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Atkore presently has a consensus rating of “Moderate Buy” and an average price target of $161.40.

About Atkore

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Atkore, Inc engages in the manufacture of electrical raceway products. It operates through the Electrical, and Safety and Infrastructure segments. The Electrical segment produces products used in the construction of electrical power systems such as conduit, cable, and installation accessories. The Safety and Infrastructure segment designs and creates solutions including metal framing, mechanical pipe, perimeter security, and cable management for the protection and reliability of critical infrastructure.