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

Quantbot Technologies LP purchased a new position in shares of Atkore Inc. (NYSE:ATKR) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 10,144 shares of the company’s stock, valued at approximately $636,000.

Several other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp increased its holdings in Atkore by 61.8% in 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Atkore by 15.9% in 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 acquiring an additional 16,028 shares during the last quarter. Intech Investment Management LLC grew its position in Atkore by 59.7% in the first quarter. Intech Investment Management LLC now owns 29,363 shares of the company’s stock worth $1,761,000 after acquiring an additional 10,972 shares in the last quarter. Strs Ohio bought a new stake in Atkore in the first quarter worth approximately $36,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of Atkore by 4.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 33,309 shares of the company’s stock worth $2,350,000 after purchasing an additional 1,424 shares during the last quarter.

Atkore Price Performance

NYSE ATKR opened at $61.33 on Monday. Atkore Inc. has a 1 year low of $49.92 and a 1 year high of $80.06. The company has a fifty day simple moving average of $67.34 and a 200 day simple moving average of $64.90. The company has a current ratio of 3.42, a quick ratio of 2.40 and a debt-to-equity ratio of 0.54. The company has a market cap of $2.07 billion, a P/E ratio of -44.12 and a beta of 1.54.

Atkore (NYSE:ATKR) last announced its earnings results on Tuesday, February 3rd. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.64 by $0.19. The firm had revenue of $655.55 million for the quarter, compared to the consensus estimate of $650.09 million. Atkore had a negative net margin of 1.63% and a positive return on equity of 11.27%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the firm posted $1.63 EPS. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. On average, sell-side analysts predict that Atkore Inc. will post 5.79 EPS for the current year.

Atkore Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were paid a $0.33 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.2%. Atkore’s payout ratio is presently -94.96%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on ATKR shares. CJS Securities upgraded shares of Atkore to a “strong-buy” rating in a report on Thursday, December 11th. Weiss Ratings reissued a “sell (d)” rating on shares of Atkore in a research report on Monday, December 29th. Royal Bank Of Canada set a $71.00 target price on Atkore in a report on Wednesday, February 4th. Roth Mkm boosted their price target 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 upped their price target on Atkore from $64.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Atkore has a consensus rating of “Hold” and a consensus price target of $75.50.

Insider Buying and Selling at Atkore

In related news, insider Mark F. Lamps sold 1,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $65.78, for a total transaction of $65,780.00. Following the completion of the transaction, the insider owned 35,982 shares of the company’s stock, valued at approximately $2,366,895.96. The trade was a 2.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

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.