Quantbot Technologies LP Makes New $636,000 Investment in Atkore Inc. $ATKR

Quantbot Technologies LP acquired a new stake in shares of Atkore Inc. (NYSE:ATKR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,144 shares of the company’s stock, valued at approximately $636,000.

Several other large investors have also modified their holdings of ATKR. Kestra Investment Management LLC raised its position in shares of Atkore by 710.9% during the second quarter. Kestra Investment Management LLC now owns 446 shares of the company’s stock worth $31,000 after purchasing an additional 391 shares during the period. Strs Ohio purchased a new stake in shares of Atkore during the first quarter valued at $36,000. Jones Financial Companies Lllp boosted its position in shares of Atkore by 61.8% in the 1st quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock valued at $39,000 after purchasing an additional 246 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in Atkore in the 2nd quarter worth about $97,000. Finally, State of Alaska Department of Revenue purchased a new position in Atkore in the 3rd quarter worth about $112,000.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ATKR shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Atkore in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Atkore from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Citigroup upped their price target on shares of Atkore from $64.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. CJS Securities raised shares of Atkore to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Royal Bank Of Canada set a $71.00 price objective on shares of Atkore in a research report on Wednesday, February 4th. One 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 assigned a Sell rating to the company. Based on data from MarketBeat, Atkore currently has an average rating of “Hold” and a consensus target price of $75.50.

Insider Activity

In other news, insider Mark F. Lamps sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $65.78, for a total transaction of $65,780.00. Following the transaction, the insider directly owned 35,982 shares in the company, valued at $2,366,895.96. The trade was a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.10% of the stock is owned by company insiders.

Atkore Trading Down 2.5%

NYSE:ATKR opened at $61.33 on Monday. The stock has a market cap of $2.07 billion, a PE ratio of -44.12 and a beta of 1.54. Atkore Inc. has a fifty-two week low of $49.92 and a fifty-two week high of $80.06. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.42 and a quick ratio of 2.40. The stock’s 50-day moving average is $67.34 and its two-hundred day moving average is $64.90.

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

Atkore Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.2%. Atkore’s dividend payout ratio (DPR) is -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.