HighTower Advisors LLC Has $1.29 Million Stock Holdings in Atkore Inc. $ATKR

HighTower Advisors LLC raised its holdings in Atkore Inc. (NYSE:ATKR) by 62.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,336 shares of the company’s stock after acquiring an additional 7,856 shares during the quarter. HighTower Advisors LLC owned about 0.06% of Atkore worth $1,286,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC lifted its stake in Atkore by 710.9% in the second quarter. Kestra Investment Management LLC now owns 446 shares of the company’s stock valued at $31,000 after acquiring an additional 391 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted 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 acquiring an additional 480 shares during the last quarter. Strs Ohio acquired a new stake in Atkore in the first quarter valued at approximately $36,000. Jones Financial Companies Lllp lifted its stake in Atkore by 61.8% in 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 during the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Atkore in the third quarter valued at approximately $80,000.

Insiders Place Their Bets

In other news, Director Justin A. Kershaw sold 2,799 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were 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 approximately $1,370,998.70. This represents a 13.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wilbert W. James, Jr. sold 3,299 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $73.61, for a total transaction of $242,839.39. Following the transaction, the director directly owned 17,063 shares of the company’s stock, valued at $1,256,007.43. This represents a 16.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.10% of the company’s stock.

Atkore Price Performance

Shares of Atkore stock opened at $84.99 on Thursday. The firm has a fifty day simple moving average of $72.08 and a 200-day simple moving average of $67.65. The company has a current ratio of 2.64, a quick ratio of 2.02 and a debt-to-equity ratio of 0.59. Atkore Inc. has a 1-year low of $53.49 and a 1-year high of $90.16. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of -23.74 and a beta of 1.66.

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

Atkore Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Tuesday, May 19th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $1.32 dividend on an annualized basis and a yield of 1.6%. Atkore’s payout ratio is -36.87%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Atkore in a research note on Friday, May 1st. Roth Mkm lifted their target price on shares of Atkore from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Royal Bank Of Canada boosted their price objective on shares of Atkore from $71.00 to $82.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 6th. Citigroup boosted 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. Finally, Wall Street Zen upgraded shares of Atkore from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $81.67.

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.