Sankala Group LLC Acquires Shares of 11,943 Atkore Inc. $ATKR

Sankala Group LLC bought a new position in shares of Atkore Inc. (NYSE:ATKR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,943 shares of the company’s stock, valued at approximately $773,000.

Several other institutional investors also recently bought and sold shares of ATKR. Dean Capital Management boosted its holdings in shares of Atkore by 4.4% during the 4th quarter. Dean Capital Management now owns 18,921 shares of the company’s stock valued at $1,197,000 after purchasing an additional 796 shares during the last quarter. Invesco Ltd. grew its position in shares of Atkore by 17.6% during the fourth quarter. Invesco Ltd. now owns 103,765 shares of the company’s stock valued at $6,563,000 after purchasing an additional 15,492 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in shares of Atkore in the fourth quarter worth about $232,000. CacheTech Inc. increased its holdings in shares of Atkore by 6.1% in the fourth quarter. CacheTech Inc. now owns 47,076 shares of the company’s stock worth $2,978,000 after purchasing an additional 2,706 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Atkore in the fourth quarter worth about $391,000.

Atkore Price Performance

ATKR opened at $81.03 on Friday. The business has a fifty day moving average of $76.58 and a 200 day moving average of $68.93. The stock has a market cap of $2.74 billion, a P/E ratio of -22.63 and a beta of 1.66. The company has a quick ratio of 2.02, a current ratio of 2.64 and a debt-to-equity ratio of 0.59. Atkore Inc. has a 52-week low of $53.49 and a 52-week high of $90.16.

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

Atkore Dividend Announcement

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

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

ATKR has been the subject of a number of research reports. Citigroup increased their price target on Atkore from $74.00 to $86.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Wall Street Zen raised Atkore from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Royal Bank Of Canada upped their price objective on Atkore from $71.00 to $82.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Atkore in a research report on Friday, May 1st. One 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $81.67.

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.