LSV Asset Management Has $56.94 Million Holdings in Atkore Inc. $ATKR

LSV Asset Management raised its position in shares of Atkore Inc. (NYSE:ATKR) by 2.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 907,600 shares of the company’s stock after buying an additional 19,800 shares during the quarter. LSV Asset Management owned 2.70% of Atkore worth $56,943,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Atkore in the second quarter valued at $21,453,000. JPMorgan Chase & Co. grew its holdings in shares of Atkore by 109.2% during the second quarter. JPMorgan Chase & Co. now owns 535,162 shares of the company’s stock valued at $37,756,000 after buying an additional 279,385 shares in the last quarter. First Trust Advisors LP raised its position in Atkore by 13.9% during the second quarter. First Trust Advisors LP now owns 1,757,797 shares of the company’s stock valued at $124,013,000 after buying an additional 213,858 shares during the period. American Century Companies Inc. raised its position in Atkore by 20.6% during the second quarter. American Century Companies Inc. now owns 1,013,259 shares of the company’s stock valued at $71,485,000 after buying an additional 172,754 shares during the period. Finally, Orbis Allan Gray Ltd lifted its stake in Atkore by 45.0% in the 2nd quarter. Orbis Allan Gray Ltd now owns 364,011 shares of the company’s stock worth $25,681,000 after acquiring an additional 112,981 shares in the last quarter.

Atkore Trading Down 2.3%

Shares of NYSE ATKR opened at $65.78 on Friday. The business has a 50 day simple moving average of $67.15 and a 200 day simple moving average of $64.73. Atkore Inc. has a 52 week low of $49.92 and a 52 week high of $80.06. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of -47.33 and a beta of 1.60. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.40 and a current ratio of 3.42.

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

Atkore Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be issued a $0.33 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $1.32 dividend on an annualized basis and a yield of 2.0%. Atkore’s dividend payout ratio is currently -94.96%.

Analyst Ratings Changes

Several research firms have weighed in on ATKR. Roth Mkm lifted their target price on Atkore from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. KeyCorp restated a “sector weight” rating on shares of Atkore in a report on Friday, November 14th. Royal Bank Of Canada set a $71.00 price objective on shares of Atkore in a research report on Wednesday, February 4th. Citigroup upped their price objective on shares of Atkore from $64.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Finally, Wall Street Zen upgraded shares of Atkore from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Atkore has a consensus rating of “Hold” and an average price target of $75.50.

Insider Transactions at Atkore

In other Atkore news, insider Mark F. Lamps sold 1,000 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $64.75, for a total transaction of $64,750.00. Following the transaction, the insider directly owned 29,923 shares of the company’s stock, valued at $1,937,514.25. This represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.10% of the company’s stock.

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.