Jefferies Financial Group Inc. Has $1.06 Million Stock Position in Atkore Inc. $ATKR

Jefferies Financial Group Inc. reduced its position in shares of Atkore Inc. (NYSE:ATKR) by 97.1% in the 4th quarter, Holdings Channel reports. The firm owned 16,737 shares of the company’s stock after selling 565,431 shares during the period. Jefferies Financial Group Inc.’s holdings in Atkore were worth $1,059,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ATKR. Jones Financial Companies Lllp raised its position in Atkore by 61.8% during the first quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock valued at $39,000 after purchasing an additional 246 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Atkore by 15.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 116,830 shares of the company’s stock valued at $7,009,000 after purchasing an additional 16,028 shares in the last quarter. Intech Investment Management LLC raised its position in Atkore by 59.7% during the first quarter. Intech Investment Management LLC now owns 29,363 shares of the company’s stock valued at $1,761,000 after purchasing an additional 10,972 shares in the last quarter. Strs Ohio acquired a new position in Atkore during the first quarter valued at approximately $36,000. Finally, Norges Bank bought a new stake in shares of Atkore during the second quarter worth $467,000.

Atkore Stock Performance

Shares of Atkore stock opened at $82.29 on Friday. 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 twelve month low of $53.49 and a twelve month high of $90.16. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of -22.99 and a beta of 1.67. The company’s fifty day moving average is $69.91 and its 200 day moving average is $67.14.

Atkore (NYSE:ATKR) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.23. Atkore had a negative net margin of 4.19% and a positive return on equity of 9.22%. The company had revenue of $731.38 million for the quarter, compared to analysts’ expectations of $714.18 million. During the same quarter in the previous year, the firm posted $2.04 earnings per share. Atkore’s revenue for the quarter 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 forecast that Atkore Inc. will post 4.75 EPS for the current year.

Atkore Announces Dividend

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

Insider Buying and Selling at Atkore

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 value of $206,202.33. Following the sale, the director owned 18,610 shares of the company’s stock, valued at $1,370,998.70. The trade was a 13.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Wilbert W. James, Jr. sold 3,299 shares of the business’s stock in a transaction on Friday, May 8th. The stock was 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 in the company, valued at approximately $1,256,007.43. This represents a 16.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on ATKR shares. Royal Bank Of Canada boosted their target price on shares of Atkore from $71.00 to $82.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Atkore in a research note on Friday, May 1st. Roth Mkm boosted their target price on shares of Atkore from $71.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Wall Street Zen raised shares of Atkore from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Citigroup boosted their target price on shares of Atkore from $74.00 to $86.00 and gave the stock 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 given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $81.67.

Atkore Company 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.