GAMMA Investing LLC Invests $26,000 in Atkore Inc. (NYSE:ATKR)

GAMMA Investing LLC acquired a new position in Atkore Inc. (NYSE:ATKR) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 169 shares of the company’s stock, valued at approximately $26,000.

Other institutional investors have also recently made changes to their positions in the company. Orion Capital Management LLC bought a new position in shares of Atkore in the third quarter worth about $30,000. Anchor Investment Management LLC bought a new position in shares of Atkore in the fourth quarter worth about $32,000. NBC Securities Inc. bought a new position in shares of Atkore in the third quarter worth about $54,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Atkore in the fourth quarter worth about $72,000. Finally, Parkside Financial Bank & Trust raised its stake in shares of Atkore by 34.9% in the third quarter. Parkside Financial Bank & Trust now owns 533 shares of the company’s stock worth $80,000 after buying an additional 138 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Citigroup lifted their target price on Atkore from $176.00 to $200.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Royal Bank of Canada reissued an “outperform” rating and set a $187.00 target price on shares of Atkore in a research note on Friday, March 22nd. Finally, StockNews.com raised Atkore from a “hold” rating to a “buy” rating in a research note on Friday, April 5th.

Atkore Stock Up 0.1 %

Shares of ATKR opened at $176.40 on Tuesday. The company has a market capitalization of $6.49 billion, a PE ratio of 10.58 and a beta of 2.19. The business’s 50 day moving average is $176.91 and its 200 day moving average is $155.21. The company has a current ratio of 2.96, a quick ratio of 1.99 and a debt-to-equity ratio of 0.51. Atkore Inc. has a 12-month low of $116.14 and a 12-month high of $194.98.

Atkore Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Tuesday, May 21st will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Monday, May 20th. Atkore’s dividend payout ratio is presently 7.67%.

Insider Buying and Selling at Atkore

In other Atkore news, VP Leangela W. Lowe sold 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $176.07, for a total transaction of $1,144,455.00. Following the completion of the transaction, the vice president now owns 25,590 shares in the company, valued at approximately $4,505,631.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Atkore news, CEO William E. Jr. Waltz sold 43,072 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $160.48, for a total transaction of $6,912,194.56. Following the completion of the transaction, the chief executive officer now owns 83,716 shares in the company, valued at approximately $13,434,743.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Leangela W. Lowe sold 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $176.07, for a total value of $1,144,455.00. Following the transaction, the vice president now owns 25,590 shares of the company’s stock, valued at approximately $4,505,631.30. The disclosure for this sale can be found here. Insiders sold 148,464 shares of company stock worth $25,124,751 in the last quarter. 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.