Unison Advisors LLC Purchases Shares of 11,301 Atkore Inc. $ATKR

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

A number of other hedge funds have also recently made changes to their positions in ATKR. Allianz Asset Management GmbH lifted its stake in Atkore by 359.7% in the third quarter. Allianz Asset Management GmbH now owns 37,695 shares of the company’s stock worth $2,365,000 after purchasing an additional 29,495 shares during the last quarter. Ruffer LLP bought a new position in shares of Atkore during the third quarter valued at about $2,813,000. Jefferies Financial Group Inc. bought a new position in shares of Atkore during the third quarter valued at about $36,525,000. SG Americas Securities LLC increased its holdings in shares of Atkore by 657.2% in the fourth quarter. SG Americas Securities LLC now owns 32,023 shares of the company’s stock worth $2,025,000 after buying an additional 27,794 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Atkore by 8.1% in 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 during the period.

Insider Transactions at Atkore

In other Atkore news, insider Mark F. Lamps sold 1,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.10% of the company’s stock.

Atkore Trading Down 0.1%

ATKR opened at $61.43 on Monday. 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. The business has a 50 day simple moving average of $63.52 and a two-hundred day simple moving average of $64.84. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of -44.19 and a beta of 1.54.

Atkore (NYSE:ATKR) last posted its earnings results on Tuesday, February 3rd. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.19. The firm had revenue of $655.55 million for the quarter, compared to analysts’ expectations of $650.09 million. Atkore had a positive return on equity of 11.27% and a negative net margin of 1.63%.The business’s revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.63 earnings per share. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. 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 was paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, February 17th. Atkore’s payout ratio is presently -94.96%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ATKR shares. Weiss Ratings restated a “sell (d)” rating on shares of Atkore in a report on Monday, December 29th. Citigroup lifted 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. Wall Street Zen downgraded Atkore from a “buy” rating to a “hold” rating in a research report on Saturday. Royal Bank Of Canada set a $71.00 price objective on Atkore in a research note on Wednesday, February 4th. Finally, Roth Mkm raised their target price on shares of Atkore from $71.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $75.50.

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.