Diversified Investment Strategies LLC Makes New Investment in Atkore Inc. $ATKR

Diversified Investment Strategies LLC acquired a new stake in Atkore Inc. (NYSE:ATKR) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 10,000 shares of the company’s stock, valued at approximately $589,000.

Several other large investors also recently modified their holdings of the stock. Kestra Investment Management LLC increased its position in shares of Atkore by 710.9% in 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 period. Caitong International Asset Management Co. Ltd raised its stake in Atkore by 1,263.2% in the third quarter. Caitong International Asset Management Co. Ltd now owns 518 shares of the company’s stock valued at $32,000 after purchasing an additional 480 shares in the last quarter. Strs Ohio bought a new stake in Atkore during the first quarter worth about $36,000. Jones Financial Companies Lllp lifted its position in Atkore by 61.8% during the first quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock worth $39,000 after purchasing an additional 246 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in shares of Atkore in the 4th quarter valued at approximately $77,000.

Wall Street Analysts Forecast Growth

ATKR has been the topic of a number of recent analyst reports. Citigroup lifted their price objective 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. Wall Street Zen upgraded Atkore from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Atkore in a report on Friday, May 1st. Finally, Royal Bank Of Canada lifted their price target on Atkore from $71.00 to $82.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Atkore currently has an average rating of “Hold” and an average price target of $81.67.

Insider Activity at Atkore

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

Atkore Stock Performance

NYSE ATKR opened at $72.35 on Friday. The firm’s fifty day moving average price is $77.46 and its two-hundred day moving average price is $69.91. The stock has a market cap of $2.44 billion, a PE ratio of -20.21 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 fifty-two week low of $53.49 and a fifty-two week high of $90.16.

Atkore (NYSE:ATKR) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.23 earnings per share 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 company had revenue of $731.38 million for the quarter, compared to the consensus estimate of $714.18 million. Atkore’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $2.04 EPS. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. On average, equities analysts expect that Atkore Inc. will post 4.75 EPS for the current fiscal year.

Atkore Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were paid a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $1.32 annualized dividend and a dividend yield of 1.8%. Atkore’s dividend payout ratio is currently -36.87%.

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.