Atkore Inc. (NYSE:ATKR) Position Increased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its position in Atkore Inc. (NYSE:ATKR) by 46.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,804 shares of the company’s stock after acquiring an additional 6,300 shares during the period. State of New Jersey Common Pension Fund D owned about 0.06% of Atkore worth $1,678,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ATKR. Hodges Capital Management Inc. purchased a new position in Atkore during the 2nd quarter worth approximately $4,158,000. Capital World Investors purchased a new stake in Atkore in the 1st quarter worth about $14,986,000. Boston Trust Walden Corp purchased a new stake in Atkore in the 2nd quarter worth about $23,306,000. Maverick Capital Ltd. boosted its position in Atkore by 386.9% during the 2nd quarter. Maverick Capital Ltd. now owns 9,709 shares of the company’s stock worth $1,310,000 after acquiring an additional 7,715 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in Atkore by 1.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 449,323 shares of the company’s stock valued at $85,535,000 after acquiring an additional 4,852 shares in the last quarter.

Atkore Stock Down 1.1 %

Atkore stock opened at $87.97 on Tuesday. The company has a market capitalization of $3.16 billion, a P/E ratio of 6.25 and a beta of 2.13. Atkore Inc. has a 1-year low of $80.11 and a 1-year high of $194.98. The firm’s fifty day simple moving average is $87.56 and its 200-day simple moving average is $115.60. The company has a current ratio of 3.26, a quick ratio of 2.03 and a debt-to-equity ratio of 0.49.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Atkore

In other Atkore news, insider Mark F. Lamps sold 500 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $96.55, for a total transaction of $48,275.00. Following the transaction, the insider now owns 27,626 shares in the company, valued at $2,667,290.30. This trade represents a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.56% 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.