North Growth Management Ltd. Buys 25,000 Shares of Atkore Inc. (NYSE:ATKR)

North Growth Management Ltd. lifted its stake in Atkore Inc. (NYSE:ATKR) by 64.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,000 shares of the company’s stock after purchasing an additional 25,000 shares during the quarter. North Growth Management Ltd. owned 0.18% of Atkore worth $5,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Signaturefd LLC increased its position in shares of Atkore by 445.6% during the third quarter. Signaturefd LLC now owns 491 shares of the company’s stock valued at $42,000 after acquiring an additional 401 shares in the last quarter. Quarry LP bought a new position in Atkore during the 2nd quarter valued at about $57,000. Mather Group LLC. boosted its holdings in shares of Atkore by 895.7% during the 2nd quarter. Mather Group LLC. now owns 468 shares of the company’s stock valued at $63,000 after acquiring an additional 421 shares during the last quarter. Covestor Ltd grew its position in Atkore by 63.7% in the 3rd quarter. Covestor Ltd now owns 1,002 shares of the company’s stock worth $85,000 after purchasing an additional 390 shares during the period. Finally, Headlands Technologies LLC raised its stake in Atkore by 829.9% during the 2nd quarter. Headlands Technologies LLC now owns 902 shares of the company’s stock valued at $122,000 after buying an additional 805 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently commented on ATKR shares. Loop Capital cut their price objective on Atkore from $160.00 to $130.00 and set a “buy” rating for the company in a report on Friday, September 20th. B. Riley cut their price target on Atkore from $183.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Royal Bank of Canada cut shares of Atkore from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $175.00 to $100.00 in a research note on Wednesday, August 7th. Finally, KeyCorp dropped their price objective on shares of Atkore from $125.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, September 13th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Atkore currently has an average rating of “Moderate Buy” and an average target price of $131.60.

Atkore Stock Up 0.4 %

NYSE ATKR opened at $95.73 on Tuesday. Atkore Inc. has a 52 week low of $80.11 and a 52 week high of $194.98. The company has a quick ratio of 2.03, a current ratio of 3.26 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $3.43 billion, a P/E ratio of 6.72 and a beta of 2.13. The stock’s 50-day moving average price is $87.04 and its 200-day moving average price is $118.66.

Atkore 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.