Thompson Siegel & Walmsley LLC Has $4.14 Million Holdings in Atkore Inc. $ATKR

Thompson Siegel & Walmsley LLC cut its holdings in Atkore Inc. (NYSE:ATKR) by 54.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,458 shares of the company’s stock after selling 78,894 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Atkore were worth $4,140,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Kestra Investment Management LLC boosted its stake in Atkore by 710.9% in the second quarter. Kestra Investment Management LLC now owns 446 shares of the company’s stock valued at $31,000 after buying an additional 391 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in Atkore by 1,263.2% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 518 shares of the company’s stock worth $32,000 after acquiring an additional 480 shares during the last quarter. Strs Ohio bought a new stake in Atkore during the 1st quarter worth $36,000. Jones Financial Companies Lllp grew its position 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 acquiring an additional 246 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new stake in Atkore during the 3rd quarter worth $80,000.

Analysts Set New Price Targets

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

Insider Activity

In other Atkore news, Director Justin A. Kershaw sold 2,799 shares of Atkore stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $73.67, for a total transaction of $206,202.33. Following the transaction, the director directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Wilbert W. James, Jr. sold 3,299 shares of Atkore stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $73.61, for a total value of $242,839.39. Following the transaction, the director directly owned 17,063 shares in the company, valued at $1,256,007.43. The trade was a 16.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.10% of the stock is currently owned by insiders.

Atkore Trading Up 2.7%

Shares of ATKR stock opened at $84.10 on Wednesday. The firm has a market capitalization of $2.84 billion, a P/E ratio of -23.49 and a beta of 1.66. Atkore Inc. has a twelve month low of $53.49 and a twelve month high of $90.16. 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 stock’s fifty day simple moving average is $70.97 and its 200 day simple moving average is $67.38.

Atkore (NYSE:ATKR) last announced its earnings results on Tuesday, May 5th. The company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.00 by $0.23. The firm had revenue of $731.38 million for the quarter, compared to the consensus estimate of $714.18 million. Atkore had a positive return on equity of 9.22% and a negative net margin of 4.19%.The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.04 EPS. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. As a group, sell-side analysts predict that Atkore Inc. will post 4.75 EPS for the current fiscal year.

Atkore Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $1.32 annualized dividend and a yield of 1.6%. Atkore’s payout ratio is presently -36.87%.

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.