Dynamic Technology Lab Private Ltd Has $3.62 Million Stake in Atkore Inc. (NYSE:ATKR)

Dynamic Technology Lab Private Ltd increased its stake in shares of Atkore Inc. (NYSE:ATKR) by 881.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 42,741 shares of the company’s stock after buying an additional 38,386 shares during the quarter. Atkore comprises approximately 0.4% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 26th largest holding. Dynamic Technology Lab Private Ltd’s holdings in Atkore were worth $3,622,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Signaturefd LLC raised its stake in shares of Atkore by 445.6% during the 3rd quarter. Signaturefd LLC now owns 491 shares of the company’s stock worth $42,000 after purchasing an additional 401 shares in the last quarter. Quarry LP acquired a new stake in Atkore in the second quarter valued at approximately $57,000. Mather Group LLC. grew its position in Atkore by 895.7% in the second quarter. Mather Group LLC. now owns 468 shares of the company’s stock worth $63,000 after acquiring an additional 421 shares in the last quarter. Covestor Ltd increased its stake in shares of Atkore by 63.7% during 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 last quarter. Finally, Headlands Technologies LLC increased its stake in shares of Atkore by 829.9% during the 2nd quarter. Headlands Technologies LLC now owns 902 shares of the company’s stock worth $122,000 after purchasing an additional 805 shares during the last quarter.

Atkore Price Performance

NYSE ATKR opened at $89.69 on Monday. The stock has a 50-day simple moving average of $87.80 and a 200 day simple moving average of $112.73. Atkore Inc. has a twelve month low of $76.01 and a twelve month high of $194.98. The stock has a market capitalization of $3.22 billion, a PE ratio of 7.10 and a beta of 2.13. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.03 and a current ratio of 3.26.

Atkore Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.43%. Atkore’s dividend payout ratio (DPR) is presently 10.13%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ATKR shares. KeyCorp decreased their price objective 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 downgraded Atkore from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $135.00 to $84.00 in a research note on Friday. 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 report on Friday. Finally, Loop Capital lowered their price target on Atkore from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $117.00.

Insider Activity

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

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.