LSV Asset Management Increases Stock Holdings in Atkore Inc. $ATKR

LSV Asset Management lifted its stake in shares of Atkore Inc. (NYSE:ATKR) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 960,450 shares of the company’s stock after buying an additional 52,850 shares during the quarter. LSV Asset Management’s holdings in Atkore were worth $60,748,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Kestra Investment Management LLC raised its holdings in shares of Atkore by 710.9% during the 2nd quarter. Kestra Investment Management LLC now owns 446 shares of the company’s stock valued at $31,000 after buying an additional 391 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in shares of Atkore by 1,263.2% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 518 shares of the company’s stock valued at $32,000 after buying an additional 480 shares during the period. Strs Ohio purchased a new stake in shares of Atkore during the 1st quarter valued at about $36,000. Jones Financial Companies Lllp raised its holdings in shares of Atkore by 61.8% during the 1st quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock valued at $39,000 after buying an additional 246 shares during the period. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of Atkore during the 3rd quarter valued at about $80,000.

Wall Street Analyst Weigh In

Several brokerages recently commented on ATKR. Royal Bank Of Canada raised their target price on Atkore from $71.00 to $82.00 and gave the company a “sector perform” rating in a report on Wednesday, May 6th. Roth Mkm raised their price objective on Atkore from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Weiss Ratings restated a “sell (d)” rating on shares of Atkore in a research note on Friday, May 1st. Wall Street Zen upgraded Atkore from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Citigroup raised their price objective on Atkore from $74.00 to $86.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $81.67.

Atkore Price Performance

Shares of NYSE ATKR opened at $84.48 on Friday. Atkore Inc. has a fifty-two week low of $53.49 and a fifty-two week high of $84.83. The business has a 50 day moving average price of $67.73 and a two-hundred day moving average price of $66.70. The company has a quick ratio of 2.02, a current ratio of 2.64 and a debt-to-equity ratio of 0.59. The firm has a market cap of $2.85 billion, a PE ratio of -23.60 and a beta of 1.67.

Atkore (NYSE:ATKR) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.23. Atkore had a positive return on equity of 9.22% and a negative net margin of 4.19%.The firm had revenue of $731.38 million during the quarter, compared to analyst estimates of $714.18 million. During the same quarter last year, the firm earned $2.04 EPS. Atkore’s quarterly revenue was up 4.2% on a year-over-year basis. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. Sell-side analysts expect that Atkore Inc. will post 4.75 earnings per share for the current fiscal year.

Atkore Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, May 19th. Atkore’s dividend payout ratio (DPR) is -36.87%.

Insider Activity at Atkore

In other news, Director Wilbert W. James, Jr. sold 3,299 shares of Atkore stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $73.61, for a total value of $242,839.39. Following the completion of the transaction, the director owned 17,063 shares in the company, valued at approximately $1,256,007.43. This trade represents a 16.20% 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. Also, Director Justin A. Kershaw sold 2,799 shares of Atkore stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $73.67, for a total value of $206,202.33. Following the completion of the transaction, the director owned 18,610 shares of the company’s stock, valued at approximately $1,370,998.70. The trade was a 13.07% decrease in their position. The SEC filing for this sale provides additional information. 2.10% of the stock is currently owned by company insiders.

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.