SG Americas Securities LLC Purchases 7,172 Shares of Atkore Inc. $ATKR

SG Americas Securities LLC raised its position in Atkore Inc. (NYSE:ATKR) by 22.4% in the 1st quarter, Holdings Channel reports. The firm owned 39,195 shares of the company’s stock after buying an additional 7,172 shares during the quarter. SG Americas Securities LLC’s holdings in Atkore were worth $2,309,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. California State Teachers Retirement System increased its holdings in shares of Atkore by 0.7% in the second quarter. California State Teachers Retirement System now owns 33,067 shares of the company’s stock worth $2,333,000 after purchasing an additional 214 shares during the period. Adams Wealth Management boosted its stake in Atkore by 0.5% during the fourth quarter. Adams Wealth Management now owns 40,726 shares of the company’s stock valued at $2,576,000 after buying an additional 220 shares during the period. Osaic Holdings Inc. boosted its stake in Atkore by 15.4% during the second quarter. Osaic Holdings Inc. now owns 1,794 shares of the company’s stock valued at $127,000 after buying an additional 240 shares during the period. Jones Financial Companies Lllp grew its position in Atkore by 61.8% during the first quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock worth $39,000 after buying an additional 246 shares in the last quarter. Finally, Covestor Ltd grew its position in Atkore by 18.8% during the fourth quarter. Covestor Ltd now owns 1,779 shares of the company’s stock worth $112,000 after buying an additional 282 shares in the last quarter.

Analyst Upgrades and Downgrades

ATKR has been the topic of several recent analyst reports. Wall Street Zen raised Atkore from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings restated a “sell (d)” rating on shares of Atkore in a research report on Friday, May 1st. Citigroup raised their target price on shares of Atkore from $74.00 to $86.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada lifted their target price on shares of Atkore from $71.00 to $82.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $81.67.

Insider Buying and Selling

In other news, Director Justin A. Kershaw sold 2,799 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $73.67, for a total value of $206,202.33. Following the completion of the sale, the director directly owned 18,610 shares in the company, valued at approximately $1,370,998.70. The trade was a 13.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Wilbert W. James, Jr. sold 3,299 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $73.61, for a total transaction of $242,839.39. Following the completion of the sale, the director directly owned 17,063 shares of the company’s stock, valued at $1,256,007.43. This trade represents a 16.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.10% of the stock is owned by company insiders.

Atkore Stock Down 4.4%

ATKR opened at $72.68 on Thursday. The business’s fifty day simple moving average is $78.03 and its 200 day simple moving average is $69.66. Atkore Inc. has a 52 week low of $53.49 and a 52 week 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 has a market cap of $2.45 billion, a PE ratio of -20.30 and a beta of 1.68.

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

Atkore Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th were paid a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $1.32 annualized dividend and a yield of 1.8%. Atkore’s dividend payout ratio is currently -36.87%.

About Atkore

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.