SG Americas Securities LLC Acquires 7,172 Shares of Atkore Inc. $ATKR

SG Americas Securities LLC boosted its stake in Atkore Inc. (NYSE:ATKR) by 22.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,195 shares of the company’s stock after purchasing an additional 7,172 shares during the quarter. SG Americas Securities LLC owned about 0.12% of Atkore worth $2,309,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its holdings in shares of Atkore by 61.8% during the first 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Atkore by 15.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 116,830 shares of the company’s stock worth $7,009,000 after purchasing an additional 16,028 shares in the last quarter. Intech Investment Management LLC grew its position in Atkore by 59.7% in the 1st quarter. Intech Investment Management LLC now owns 29,363 shares of the company’s stock valued at $1,761,000 after purchasing an additional 10,972 shares during the period. Strs Ohio acquired a new stake in Atkore in the 1st quarter valued at $36,000. Finally, Norges Bank bought a new stake in Atkore during the 2nd quarter valued at $467,000.

Insider Activity at Atkore

In related 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 transaction of $206,202.33. Following the sale, 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 filing with the SEC, which can be accessed through this hyperlink. Also, Director Wilbert W. James, Jr. sold 3,299 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 17,063 shares of the company’s stock, valued at approximately $1,256,007.43. This trade represents a 16.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Atkore from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reissued a “sell (d)” rating on shares of Atkore in a research report on Friday, May 1st. Citigroup upped their target price on shares of Atkore from $74.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada raised their price target on shares of Atkore from $71.00 to $82.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 6th. One 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, Atkore has an average rating of “Hold” and an average target price of $81.67.

Atkore Stock Performance

Shares of ATKR stock opened at $72.68 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.02 and a current ratio of 2.64. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of -20.30 and a beta of 1.68. Atkore Inc. has a 52 week low of $53.49 and a 52 week high of $90.16. The firm’s 50-day simple moving average is $78.03 and its two-hundred day simple moving average is $69.66.

Atkore (NYSE:ATKR) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.23. The company had revenue of $731.38 million during the quarter, compared to analyst estimates of $714.18 million. Atkore had a negative net margin of 4.19% and a positive return on equity of 9.22%. Atkore’s quarterly revenue was up 4.2% compared to the same quarter last year. 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. As a group, equities analysts forecast that Atkore Inc. will post 4.75 earnings per share for the current year.

Atkore Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were given 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 payout ratio is -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.