North Growth Management Ltd. Purchases 25,000 Shares of Atkore Inc. (NYSE:ATKR)

North Growth Management Ltd. increased its position in Atkore Inc. (NYSE:ATKR) by 64.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 64,000 shares of the company’s stock after buying an additional 25,000 shares during the quarter. North Growth Management Ltd.’s holdings in Atkore were worth $5,414,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Signaturefd LLC lifted its position in shares of Atkore by 445.6% in the third quarter. Signaturefd LLC now owns 491 shares of the company’s stock valued at $42,000 after acquiring an additional 401 shares in the last quarter. Quarry LP bought a new stake in Atkore during the 2nd quarter valued at approximately $57,000. Mather Group LLC. lifted its holdings in Atkore by 895.7% in the 2nd quarter. Mather Group LLC. now owns 468 shares of the company’s stock worth $63,000 after purchasing an additional 421 shares in the last quarter. Covestor Ltd boosted its stake in Atkore by 63.7% in 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 period. Finally, Headlands Technologies LLC grew its holdings in Atkore by 829.9% during the 2nd quarter. Headlands Technologies LLC now owns 902 shares of the company’s stock valued at $122,000 after buying an additional 805 shares in the last quarter.

Atkore Price Performance

ATKR stock opened at $95.73 on Tuesday. The company has a fifty day simple moving average of $87.04 and a two-hundred day simple moving average of $118.66. The company has a quick ratio of 2.03, a current ratio of 3.26 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $3.43 billion, a P/E ratio of 6.72 and a beta of 2.13. Atkore Inc. has a 52 week low of $80.11 and a 52 week high of $194.98.

Wall Street Analysts Forecast Growth

ATKR has been the topic of several research analyst reports. B. Riley lowered their target price 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. 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 cut their price objective on Atkore from $160.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, September 20th. Finally, Royal Bank of Canada downgraded Atkore from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $175.00 to $100.00 in a research report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Atkore currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.60.

Atkore Company 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.