Knights of Columbus Asset Advisors LLC Grows Stake in Atkore Inc. (NYSE:ATKR)

Knights of Columbus Asset Advisors LLC lifted its stake in shares of Atkore Inc. (NYSE:ATKR) by 0.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,714 shares of the company’s stock after purchasing an additional 126 shares during the period. Knights of Columbus Asset Advisors LLC owned about 0.05% of Atkore worth $2,061,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in ATKR. Creative Financial Designs Inc. ADV purchased a new stake in Atkore during the 3rd quarter valued at about $41,000. Banque Cantonale Vaudoise purchased a new stake in Atkore during the 3rd quarter valued at about $48,000. Spire Wealth Management grew its stake in Atkore by 148.8% during the 3rd quarter. Spire Wealth Management now owns 836 shares of the company’s stock valued at $73,000 after acquiring an additional 500 shares in the last quarter. Mark Sheptoff Financial Planning LLC grew its stake in Atkore by 41.0% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 1,375 shares of the company’s stock valued at $98,000 after acquiring an additional 400 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd grew its stake in Atkore by 59.1% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 1,558 shares of the company’s stock valued at $112,000 after acquiring an additional 579 shares in the last quarter. 92.79% of the stock is owned by institutional investors and hedge funds.

In other Atkore news, Director William Vanarsdale sold 3,353 shares of the stock in a transaction that occurred on Tuesday, November 23rd. The shares were sold at an average price of $115.00, for a total transaction of $385,595.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mark F. Lamps sold 308 shares of the stock in a transaction that occurred on Tuesday, November 23rd. The stock was sold at an average price of $112.95, for a total transaction of $34,788.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,281 shares of company stock worth $1,160,582. Company insiders own 1.96% of the company’s stock.

Shares of ATKR stock opened at $103.17 on Friday. The firm’s 50 day moving average price is $108.02 and its 200-day moving average price is $93.24. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.16 and a current ratio of 2.71. Atkore Inc. has a one year low of $43.19 and a one year high of $118.49. The firm has a market cap of $4.78 billion, a P/E ratio of 8.44 and a beta of 2.42.

Atkore (NYSE:ATKR) last issued its quarterly earnings data on Thursday, November 18th. The company reported $4.39 EPS for the quarter, topping the consensus estimate of $3.84 by $0.55. Atkore had a net margin of 20.08% and a return on equity of 92.24%. The firm had revenue of $923.70 million for the quarter, compared to analyst estimates of $839.38 million. During the same period in the prior year, the business posted $1.01 EPS. The business’s revenue for the quarter was up 93.5% compared to the same quarter last year.

Several analysts have recently weighed in on the stock. Royal Bank of Canada increased their price target on shares of Atkore from $99.00 to $129.00 and gave the company an “outperform” rating in a research note on Friday, November 19th. They noted that the move was a valuation call. Citigroup increased their price target on shares of Atkore from $102.00 to $123.00 and gave the company a “neutral” rating in a research note on Friday, November 19th. Finally, Credit Suisse Group increased their price target on shares of Atkore from $107.00 to $121.00 and gave the company an “outperform” rating in a research note on Friday, November 19th.

About Atkore

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.

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Institutional Ownership by Quarter for Atkore (NYSE:ATKR)

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