Atkore Inc. $ATKR Shares Purchased by Willis Investment Counsel

Willis Investment Counsel raised its stake in shares of Atkore Inc. (NYSE:ATKR) by 237.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,351 shares of the company’s stock after purchasing an additional 27,698 shares during the period. Willis Investment Counsel owned 0.12% of Atkore worth $2,489,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ATKR. Jefferies Financial Group Inc. purchased a new stake in Atkore during the third quarter worth approximately $36,525,000. Jacobs Levy Equity Management Inc. purchased a new stake in Atkore during the third quarter worth approximately $21,214,000. Vanguard Group Inc. grew its stake in 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 during the period. Bridgeway Capital Management LLC purchased a new stake in Atkore during the third quarter worth approximately $15,872,000. Finally, American Century Companies Inc. grew its stake in Atkore by 14.3% during the third quarter. American Century Companies Inc. now owns 1,158,103 shares of the company’s stock worth $72,659,000 after buying an additional 144,844 shares during the period.

Insider Buying and Selling

In other Atkore news, insider Mark F. Lamps sold 1,000 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $65.78, for a total transaction of $65,780.00. Following the transaction, the insider directly owned 35,982 shares in the company, valued at $2,366,895.96. This represents a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.10% of the stock is owned by company insiders.

Atkore Price Performance

Shares of ATKR stock opened at $65.95 on Thursday. Atkore Inc. has a twelve month low of $51.10 and a twelve month high of $80.06. 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 capitalization of $2.23 billion, a PE ratio of -47.45 and a beta of 1.54. The firm has a fifty day simple moving average of $63.16 and a 200-day simple moving average of $64.88.

Atkore (NYSE:ATKR) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $650.09 million. During the same period in the prior year, the firm posted $1.63 EPS. The firm’s revenue was down .9% compared to the same quarter last year. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. Equities research analysts anticipate that Atkore Inc. will post 5.79 earnings per share for the current fiscal 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 paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Tuesday, February 17th. Atkore’s dividend payout ratio is -94.96%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ATKR shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Atkore in a research note on Monday, December 29th. Royal Bank Of Canada set a $71.00 price objective on shares of Atkore in a research note on Wednesday, February 4th. CJS Securities upgraded shares of Atkore to a “strong-buy” rating in a research note on Thursday, December 11th. Wall Street Zen downgraded shares of Atkore from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Roth Mkm boosted their price objective 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. One equities 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $75.50.

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.