GSA Capital Partners LLP Acquires New Stake in Atkore Inc. $ATKR

GSA Capital Partners LLP bought a new stake in Atkore Inc. (NYSE:ATKR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,808 shares of the company’s stock, valued at approximately $553,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Atkore by 8.1% during the third quarter. Vanguard Group Inc. now owns 3,632,594 shares of the company’s stock worth $227,909,000 after buying an additional 273,466 shares in the last quarter. LSV Asset Management boosted its position in Atkore by 2.2% during the third quarter. LSV Asset Management now owns 907,600 shares of the company’s stock worth $56,943,000 after acquiring an additional 19,800 shares during the last quarter. Versor Investments LP grew its stake in Atkore by 58.6% in the 3rd quarter. Versor Investments LP now owns 10,067 shares of the company’s stock worth $632,000 after acquiring an additional 3,721 shares during the period. Linden Thomas Advisory Services LLC raised its holdings in Atkore by 4.4% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 12,587 shares of the company’s stock valued at $790,000 after acquiring an additional 527 shares during the last quarter. Finally, Meixler Investment Management Ltd. raised its holdings in Atkore by 47.3% in the 3rd quarter. Meixler Investment Management Ltd. now owns 7,700 shares of the company’s stock valued at $483,000 after acquiring an additional 2,474 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Roth Mkm lifted their price objective on Atkore from $71.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Wall Street Zen raised Atkore from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. KeyCorp restated a “sector weight” rating on shares of Atkore in a report on Friday, November 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Atkore in a report on Monday, December 29th. Finally, Royal Bank Of Canada set a $71.00 target price on shares of Atkore in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, one has issued 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, the stock presently has a consensus rating of “Hold” and an average target price of $75.50.

Insider Buying and Selling at Atkore

In other news, insider Mark F. Lamps sold 1,000 shares of the 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 sale, the insider owned 35,982 shares in the company, valued at approximately $2,366,895.96. This trade represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is owned by insiders.

Atkore Trading Down 3.0%

NYSE ATKR opened at $65.18 on Tuesday. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of -46.89 and a beta of 1.60. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.40 and a current ratio of 3.42. Atkore Inc. has a one year low of $49.92 and a one year high of $80.06. The company’s 50 day moving average price is $67.41 and its 200 day moving average price is $64.47.

Atkore (NYSE:ATKR) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.83 earnings per share (EPS) for the quarter, topping 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 company had revenue of $655.55 million during the quarter, compared to the consensus estimate of $650.09 million. During the same period in the previous year, the firm earned $1.63 earnings per share. Atkore’s revenue for the quarter was down .9% on a year-over-year basis. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Tuesday, February 17th. Atkore’s payout ratio is currently -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.