EMC Capital Management Has $214,000 Stock Holdings in Atkore Inc. $ATKR

EMC Capital Management reduced its holdings in shares of Atkore Inc. (NYSE:ATKR) by 44.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,033 shares of the company’s stock after selling 2,466 shares during the quarter. EMC Capital Management’s holdings in Atkore were worth $214,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Dogwood Wealth Management LLC acquired a new stake in shares of Atkore in the 2nd quarter worth about $26,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Atkore during the 2nd quarter worth approximately $28,000. Strs Ohio bought a new stake in Atkore during the 1st quarter worth approximately $36,000. New Age Alpha Advisors LLC purchased a new stake in shares of Atkore in the first quarter worth approximately $37,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Atkore by 61.8% in the first quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock valued at $39,000 after purchasing an additional 246 shares in the last quarter.

Atkore Stock Up 0.6%

ATKR stock opened at $65.04 on Wednesday. The stock has a market cap of $2.19 billion, a P/E ratio of 20.85 and a beta of 2.12. The company has a current ratio of 3.09, a quick ratio of 2.08 and a debt-to-equity ratio of 0.52. The stock’s fifty day simple moving average is $64.50 and its two-hundred day simple moving average is $66.16. Atkore Inc. has a 1-year low of $49.92 and a 1-year high of $97.32.

Atkore Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Friday, December 5th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, December 5th. Atkore’s payout ratio is 42.31%.

Wall Street Analyst Weigh In

ATKR has been the subject of several recent research reports. Weiss Ratings downgraded Atkore from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 24th. KeyCorp reaffirmed a “sector weight” rating on shares of Atkore in a report on Friday. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Atkore currently has an average rating of “Hold” and a consensus price target of $79.57.

Insider Buying and Selling at Atkore

In related news, insider Mark F. Lamps sold 1,000 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $64.75, for a total transaction of $64,750.00. Following the completion of the transaction, the insider owned 29,923 shares in the company, valued at approximately $1,937,514.25. This represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.99% of the company’s stock.

About Atkore

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.