GSA Capital Partners LLP Takes $553,000 Position in Atkore Inc. $ATKR

GSA Capital Partners LLP bought a new position in shares of Atkore Inc. (NYSE:ATKR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,808 shares of the company’s stock, valued at approximately $553,000.

A number of other large investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its stake in Atkore by 61.8% during the 1st quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock worth $39,000 after buying an additional 246 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Atkore by 15.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 116,830 shares of the company’s stock valued at $7,009,000 after acquiring an additional 16,028 shares in the last quarter. Intech Investment Management LLC increased its position in shares of Atkore by 59.7% during the first quarter. Intech Investment Management LLC now owns 29,363 shares of the company’s stock worth $1,761,000 after acquiring an additional 10,972 shares during the last quarter. Strs Ohio acquired a new position in shares of Atkore in the first quarter worth about $36,000. Finally, Linden Thomas Advisory Services LLC boosted its holdings in Atkore by 169.6% in the second quarter. Linden Thomas Advisory Services LLC now owns 12,060 shares of the company’s stock valued at $851,000 after purchasing an additional 7,586 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Royal Bank Of Canada set a $71.00 price objective on Atkore in a report on Wednesday, February 4th. KeyCorp restated a “sector weight” rating on shares of Atkore in a research note on Friday, November 14th. CJS Securities raised shares of Atkore to a “strong-buy” rating in a report on Thursday, December 11th. Citigroup raised their price objective on shares of Atkore from $64.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Finally, Roth Mkm upped their target price on shares of Atkore from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Atkore presently has an average rating of “Hold” and an average price target of $75.50.

Insider Transactions at Atkore

In other Atkore news, insider Mark F. Lamps sold 1,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $65.78, for a total value of $65,780.00. Following the sale, the insider directly owned 35,982 shares in the company, valued at approximately $2,366,895.96. This trade represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.10% of the company’s stock.

Atkore Price Performance

Shares of NYSE:ATKR opened at $65.18 on Tuesday. The company has a market cap of $2.20 billion, a PE ratio of -46.89 and a beta of 1.60. Atkore Inc. has a fifty-two week low of $49.92 and a fifty-two week high of $80.06. The firm has a 50-day simple moving average of $67.41 and a 200 day simple moving average of $64.47. The company has a quick ratio of 2.40, a current ratio of 3.42 and a debt-to-equity ratio of 0.54.

Atkore (NYSE:ATKR) last issued its earnings results on Tuesday, February 3rd. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.19. The company had revenue of $655.55 million during the quarter, compared to the consensus estimate of $650.09 million. Atkore had a positive return on equity of 11.27% and a negative net margin of 1.63%.Atkore’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.63 earnings per share. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. On average, sell-side analysts anticipate that Atkore Inc. will post 5.79 EPS for the current year.

Atkore Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be given a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $1.32 annualized dividend and a yield of 2.0%. Atkore’s dividend payout ratio (DPR) is currently -94.96%.

Atkore Profile

Atkore International Group Inc (NYSE: ATKR) is a diversified global manufacturer of electrical raceway and mechanical products, serving a broad range of end markets including commercial construction, industrial facilities and energy infrastructure. The company’s electrical product portfolio encompasses conduit, tubing, fittings, connectors and cable management systems designed for use in residential, commercial and industrial wiring applications. On the mechanical side, Atkore offers pipe support solutions, seismic bracing, HVAC hangers and other mechanical products that address critical building and process piping needs.

Founded as a family-owned business before its reorganization into a standalone public company in 2016, Atkore has grown through both organic investment and targeted acquisitions.