Jefferies Financial Group Inc. Buys New Shares in Atkore Inc. $ATKR

Jefferies Financial Group Inc. purchased a new position in shares of Atkore Inc. (NYSE:ATKR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 582,168 shares of the company’s stock, valued at approximately $36,525,000.

Other hedge funds also recently made changes to their positions in the company. California State Teachers Retirement System grew 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 valued at $2,333,000 after buying an additional 214 shares during the period. Osaic Holdings Inc. raised its position in shares of Atkore by 15.4% in the 2nd quarter. Osaic Holdings Inc. now owns 1,794 shares of the company’s stock worth $127,000 after buying an additional 240 shares during the period. Jones Financial Companies Lllp raised its position in shares of 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. Matrix Trust Co boosted its holdings in Atkore by 6.2% in the third quarter. Matrix Trust Co now owns 4,391 shares of the company’s stock valued at $275,000 after acquiring an additional 258 shares during the last quarter. Finally, Kestra Investment Management LLC boosted its holdings 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.

Atkore Stock Down 2.5%

Shares of Atkore stock opened at $61.33 on Monday. Atkore Inc. has a twelve month low of $49.92 and a twelve month high of $80.06. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of -44.12 and a beta of 1.54. The company has a current ratio of 3.42, a quick ratio of 2.40 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average price of $67.34 and a 200 day moving average price of $64.90.

Atkore (NYSE:ATKR) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.64 by $0.19. The company had revenue of $655.55 million for the quarter, compared to analyst estimates of $650.09 million. Atkore had a positive return on equity of 11.27% and a negative net margin of 1.63%.The firm’s revenue was down .9% compared to the same quarter last year. During the same period last year, the company posted $1.63 earnings per share. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. Equities research analysts forecast that Atkore Inc. will post 5.79 earnings per share for the current fiscal year.

Atkore Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 17th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Tuesday, February 17th. Atkore’s dividend payout ratio (DPR) is presently -94.96%.

Insider Activity at Atkore

In related news, insider Mark F. Lamps sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $65.78, for a total transaction of $65,780.00. Following the transaction, the insider directly owned 35,982 shares of the company’s stock, valued at approximately $2,366,895.96. The trade was a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

ATKR has been the subject of several research analyst reports. Royal Bank Of Canada set a $71.00 price target on Atkore in a research note on Wednesday, February 4th. Roth Mkm lifted their price objective on Atkore from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. KeyCorp reiterated a “sector weight” rating on shares of Atkore in a report on Friday, November 14th. Wall Street Zen raised shares of Atkore from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, CJS Securities upgraded shares of Atkore to a “strong-buy” rating in a report on Thursday, December 11th. One investment 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Atkore has an average rating of “Hold” and an average price target of $75.50.

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.