Segall Bryant & Hamill LLC Has $2.97 Million Stock Position in Atkore Inc. (NYSE:ATKR)

Segall Bryant & Hamill LLC cut its holdings in shares of Atkore Inc. (NYSE:ATKR) by 63.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,992 shares of the company’s stock after selling 59,821 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.10% of Atkore worth $2,965,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Capital World Investors acquired a new stake in Atkore during the first quarter worth about $14,986,000. BOKF NA bought a new stake in shares of Atkore in the 1st quarter worth approximately $423,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Atkore by 1.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 449,323 shares of the company’s stock worth $85,535,000 after purchasing an additional 4,852 shares in the last quarter. Silvercrest Asset Management Group LLC increased its position in shares of Atkore by 0.7% during the first quarter. Silvercrest Asset Management Group LLC now owns 167,637 shares of the company’s stock valued at $31,911,000 after purchasing an additional 1,141 shares during the period. Finally, Bayesian Capital Management LP acquired a new position in shares of Atkore in the first quarter valued at $411,000.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. KeyCorp decreased their price target on shares of Atkore from $125.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Loop Capital lowered their target price on shares of Atkore from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday. B. Riley cut shares of Atkore from a “buy” rating to a “neutral” rating and cut their price target for the stock from $135.00 to $84.00 in a research note on Friday. Finally, Royal Bank of Canada lowered their price objective on Atkore from $99.00 to $93.00 and set a “sector perform” rating on the stock in a research note on Friday. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $117.00.

Atkore Stock Performance

Atkore stock opened at $89.47 on Friday. The stock has a 50-day simple moving average of $87.74 and a 200 day simple moving average of $113.93. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 6.28 and a beta of 2.13. The company has a quick ratio of 2.03, a current ratio of 3.26 and a debt-to-equity ratio of 0.49. Atkore Inc. has a 12-month low of $76.01 and a 12-month high of $194.98.

Atkore Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, December 6th. This represents a $1.28 annualized dividend and a dividend yield of 1.43%. Atkore’s dividend payout ratio (DPR) is currently 8.99%.

Insider Activity at Atkore

In other Atkore news, insider Mark F. Lamps sold 500 shares of Atkore stock in a transaction on Monday, November 11th. The shares were sold at an average price of $96.55, for a total transaction of $48,275.00. Following the completion of the sale, the insider now owns 27,626 shares of the company’s stock, valued at approximately $2,667,290.30. The trade was a 1.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.56% of the stock is currently owned by company insiders.

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.