11,545 Shares in Atkore Inc. $ATKR Acquired by SEB Asset Management AB

SEB Asset Management AB acquired a new stake in shares of Atkore Inc. (NYSE:ATKR) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 11,545 shares of the company’s stock, valued at approximately $680,000.

Several other hedge funds also recently bought and sold shares of ATKR. Kestra Investment Management LLC lifted its position in shares of Atkore by 710.9% during the second quarter. Kestra Investment Management LLC now owns 446 shares of the company’s stock worth $31,000 after purchasing an additional 391 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of Atkore by 1,263.2% in the third quarter. Caitong International Asset Management Co. Ltd now owns 518 shares of the company’s stock worth $32,000 after purchasing an additional 480 shares during the last quarter. Strs Ohio bought a new position in shares of Atkore in the first quarter worth about $36,000. Jones Financial Companies Lllp increased its stake in Atkore by 61.8% in the 1st 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 period. Finally, Kestra Advisory Services LLC purchased a new position in Atkore in the 4th quarter worth about $77,000.

Insiders Place Their Bets

In related news, Director Wilbert W. James, Jr. sold 3,299 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $73.61, for a total transaction of $242,839.39. Following the sale, the director owned 17,063 shares of the company’s stock, valued at $1,256,007.43. This trade represents a 16.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Justin A. Kershaw sold 2,799 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $73.67, for a total transaction of $206,202.33. Following the completion of the transaction, the director owned 18,610 shares of the company’s stock, valued at $1,370,998.70. This represents a 13.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 2.10% of the company’s stock.

Atkore Stock Performance

Shares of ATKR stock opened at $76.44 on Friday. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of -21.35 and a beta of 1.68. The company’s 50 day moving average is $77.10 and its 200 day moving average is $70.56. The company has a quick ratio of 2.02, a current ratio of 2.64 and a debt-to-equity ratio of 0.59. Atkore Inc. has a 52-week low of $53.49 and a 52-week high of $90.16.

Atkore (NYSE:ATKR) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.23. The company had revenue of $731.38 million during the quarter, compared to the consensus estimate of $714.18 million. Atkore had a negative net margin of 4.19% and a positive return on equity of 9.22%. Atkore’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.04 earnings per share. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. On average, sell-side analysts anticipate that Atkore Inc. will post 4.75 EPS for the current fiscal year.

Atkore Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Tuesday, May 19th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, May 19th. Atkore’s dividend payout ratio is -36.87%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wall Street Zen cut shares of Atkore from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Royal Bank Of Canada set a $76.00 target price on shares of Atkore in a research report on Thursday, July 16th. Citigroup lifted their price target on shares of Atkore from $74.00 to $86.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Atkore in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Atkore has an average rating of “Hold” and an average price target of $138.33.

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.