Atkore Inc. (NYSE:ATKR) Shares Acquired by Boston Partners

Boston Partners grew its stake in Atkore Inc. (NYSE:ATKR) by 12.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 241,073 shares of the company’s stock after buying an additional 25,933 shares during the quarter. Boston Partners owned 0.63% of Atkore worth $37,435,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Spire Wealth Management lifted its holdings in shares of Atkore by 25.0% in the 1st quarter. Spire Wealth Management now owns 400 shares of the company’s stock valued at $56,000 after buying an additional 80 shares during the period. Metropolitan Life Insurance Co NY increased its stake in shares of Atkore by 3.3% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 2,531 shares of the company’s stock valued at $287,000 after purchasing an additional 81 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Atkore by 2.0% in the 1st quarter. Commonwealth Equity Services LLC now owns 4,656 shares of the company’s stock valued at $654,000 after purchasing an additional 91 shares in the last quarter. AE Wealth Management LLC increased its stake in shares of Atkore by 7.0% in the 2nd quarter. AE Wealth Management LLC now owns 1,763 shares of the company’s stock valued at $275,000 after purchasing an additional 115 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Atkore by 5.7% in the 1st quarter. Public Employees Retirement System of Ohio now owns 2,260 shares of the company’s stock valued at $317,000 after purchasing an additional 122 shares in the last quarter.

Atkore Price Performance

NYSE:ATKR opened at $131.41 on Friday. Atkore Inc. has a 12 month low of $109.54 and a 12 month high of $164.76. The stock has a 50 day moving average of $138.07 and a two-hundred day moving average of $141.19. The company has a current ratio of 2.85, a quick ratio of 1.95 and a debt-to-equity ratio of 0.54. The firm has a market cap of $4.97 billion, a P/E ratio of 6.98 and a beta of 2.14.

Atkore (NYSE:ATKR) last posted its quarterly earnings data on Friday, November 17th. The company reported $4.21 EPS for the quarter, topping the consensus estimate of $3.70 by $0.51. Atkore had a return on equity of 59.21% and a net margin of 20.93%. The company had revenue of $870.00 million during the quarter, compared to analyst estimates of $910.40 million. During the same period in the previous year, the business earned $5.18 EPS. Atkore’s quarterly revenue was down 15.5% on a year-over-year basis. On average, analysts expect that Atkore Inc. will post 17.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ATKR shares. B. Riley lifted their price target on Atkore from $161.00 to $186.00 and gave the company a “buy” rating in a research note on Thursday, August 10th. Citigroup lifted their price target on Atkore from $159.00 to $163.00 and gave the company a “neutral” rating in a research note on Wednesday, August 9th. StockNews.com started coverage on Atkore in a research note on Thursday, October 5th. They issued a “buy” rating for the company. Finally, Royal Bank of Canada boosted their price objective on Atkore from $178.00 to $186.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th.

About Atkore

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