Atkore Inc. $ATKR Shares Acquired by Empowered Funds LLC

Empowered Funds LLC boosted its position in Atkore Inc. (NYSE:ATKR) by 8.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,516 shares of the company’s stock after purchasing an additional 10,267 shares during the period. Empowered Funds LLC owned about 0.40% of Atkore worth $7,865,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cetera Investment Advisers grew its holdings in Atkore by 2.8% in the first quarter. Cetera Investment Advisers now owns 5,212 shares of the company’s stock valued at $307,000 after purchasing an additional 143 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Atkore by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 33,067 shares of the company’s stock worth $2,333,000 after buying an additional 214 shares during the last quarter. Adams Wealth Management boosted its position in shares of Atkore by 0.5% in the 4th quarter. Adams Wealth Management now owns 40,726 shares of the company’s stock worth $2,576,000 after buying an additional 220 shares in the last quarter. Osaic Holdings Inc. grew its stake in Atkore by 15.4% in the 2nd quarter. Osaic Holdings Inc. now owns 1,794 shares of the company’s stock valued at $127,000 after acquiring an additional 240 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in Atkore by 61.8% during the 1st quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock valued at $39,000 after acquiring an additional 246 shares in the last quarter.

Atkore Stock Up 2.7%

Shares of NYSE ATKR opened at $72.90 on Friday. The firm has a market cap of $2.46 billion, a P/E ratio of -20.36 and a beta of 1.68. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.02 and a current ratio of 2.64. Atkore Inc. has a 1 year low of $53.49 and a 1 year high of $90.16. The firm’s 50 day moving average price is $76.82 and its 200 day moving average price is $70.79.

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

Atkore Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Tuesday, August 18th will be given a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.32 annualized dividend and a dividend yield of 1.8%. Atkore’s dividend payout ratio (DPR) is currently -36.87%.

Wall Street Analysts Forecast Growth

ATKR has been the topic of several recent research reports. Royal Bank Of Canada set a $76.00 price target on shares of Atkore in a report on Thursday, July 16th. Citigroup raised their price objective on shares of Atkore from $74.00 to $86.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Atkore in a research note on Wednesday. Finally, Wall Street Zen raised Atkore from a “hold” rating to a “buy” rating in a research report on Sunday, July 26th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $138.33.

Insider Activity at Atkore

In related news, Director Wilbert W. James, Jr. sold 3,299 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $73.61, for a total value of $242,839.39. Following the completion of the sale, the director directly owned 17,063 shares in the company, valued at approximately $1,256,007.43. The trade was a 16.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Justin A. Kershaw sold 2,799 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $73.67, for a total transaction of $206,202.33. Following the transaction, the director directly owned 18,610 shares of the company’s stock, valued at $1,370,998.70. This trade represents a 13.07% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.10% of the stock is currently owned by company insiders.

About Atkore

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.