Unison Advisors LLC Invests $715,000 in Atkore Inc. $ATKR

Unison Advisors LLC purchased a new stake in Atkore Inc. (NYSE:ATKR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,301 shares of the company’s stock, valued at approximately $715,000.

A number of other institutional investors also recently modified their holdings of ATKR. Kestra Investment Management LLC grew its stake in Atkore by 710.9% in the 2nd quarter. Kestra Investment Management LLC now owns 446 shares of the company’s stock valued at $31,000 after buying an additional 391 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Atkore by 1,263.2% during the third quarter. Caitong International Asset Management Co. Ltd now owns 518 shares of the company’s stock worth $32,000 after acquiring an additional 480 shares in the last quarter. Strs Ohio purchased a new stake in shares of Atkore during the first quarter worth $36,000. Jones Financial Companies Lllp boosted its holdings in shares of 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 acquiring an additional 246 shares during the period. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Atkore in the third quarter worth $80,000.

Analyst Ratings Changes

Several brokerages have recently weighed in on ATKR. Weiss Ratings reiterated a “sell (d)” rating on shares of Atkore in a research report on Monday, December 29th. Wall Street Zen downgraded Atkore from a “buy” rating to a “hold” rating in a research note on Saturday. Royal Bank Of Canada set a $71.00 target price on Atkore in a report on Wednesday, February 4th. Citigroup upped their price target on Atkore from $64.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Finally, CJS Securities raised shares of Atkore to a “strong-buy” rating in a report on Thursday, December 11th. One research 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $75.50.

Insider Transactions at Atkore

In other news, insider Mark F. Lamps sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $65.78, for a total value of $65,780.00. Following the completion of the transaction, the insider directly owned 35,982 shares in the company, valued at approximately $2,366,895.96. This represents a 2.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is currently owned by company insiders.

Atkore Price Performance

ATKR stock opened at $61.43 on Monday. The firm has a 50 day simple moving average of $63.52 and a two-hundred day simple moving average of $64.84. The stock has a market cap of $2.07 billion, a PE ratio of -44.19 and a beta of 1.54. Atkore Inc. has a one year low of $49.92 and a one year 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.

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

Atkore Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 2.1%. Atkore’s payout ratio 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.