State of New Jersey Common Pension Fund D Has $1.68 Million Holdings in Atkore Inc. (NYSE:ATKR)

State of New Jersey Common Pension Fund D grew its stake in Atkore Inc. (NYSE:ATKR) by 46.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,804 shares of the company’s stock after purchasing an additional 6,300 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Atkore were worth $1,678,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ATKR. Signaturefd LLC grew its position in Atkore by 445.6% during the third quarter. Signaturefd LLC now owns 491 shares of the company’s stock worth $42,000 after buying an additional 401 shares in the last quarter. Quarry LP acquired a new stake in shares of Atkore during the 2nd quarter worth approximately $57,000. Mather Group LLC. increased its position in shares of Atkore by 895.7% during the second quarter. Mather Group LLC. now owns 468 shares of the company’s stock valued at $63,000 after purchasing an additional 421 shares during the period. Covestor Ltd raised its stake in shares of Atkore by 63.7% in the third quarter. Covestor Ltd now owns 1,002 shares of the company’s stock valued at $85,000 after purchasing an additional 390 shares in the last quarter. Finally, Headlands Technologies LLC lifted its position in Atkore by 829.9% in the second quarter. Headlands Technologies LLC now owns 902 shares of the company’s stock worth $122,000 after purchasing an additional 805 shares during the period.

Insider Buying and Selling

In related news, insider Mark F. Lamps sold 500 shares of Atkore stock in a transaction dated 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 transaction, the insider now directly owns 27,626 shares of the company’s stock, valued at $2,667,290.30. The trade was a 1.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.56% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. 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 dropped their price target on shares of Atkore from $160.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, September 20th. KeyCorp decreased their price objective on Atkore from $125.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, September 13th. Finally, Royal Bank of Canada cut Atkore from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $175.00 to $100.00 in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $131.60.

Atkore Price Performance

Shares of Atkore stock opened at $87.97 on Tuesday. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 6.25 and a beta of 2.13. The firm’s 50-day moving average price is $87.56 and its two-hundred day moving average price 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. Atkore Inc. has a 1-year low of $80.11 and a 1-year high of $194.98.

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.