Allianz Asset Management GmbH Grows Stock Holdings in Atkore Inc. $ATKR

Allianz Asset Management GmbH grew its position in Atkore Inc. (NYSE:ATKR) by 359.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,695 shares of the company’s stock after buying an additional 29,495 shares during the quarter. Allianz Asset Management GmbH owned 0.11% of Atkore worth $2,365,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ATKR. Ruffer LLP purchased a new stake in Atkore during the 3rd quarter worth approximately $2,813,000. Aviance Capital Partners LLC increased its position in shares of Atkore by 26.7% in the second quarter. Aviance Capital Partners LLC now owns 20,098 shares of the company’s stock valued at $1,418,000 after buying an additional 4,231 shares in the last quarter. CWM LLC increased its stake in shares of Atkore by 14.2% during the second quarter. CWM LLC now owns 6,357 shares of the company’s stock worth $448,000 after purchasing an additional 792 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in Atkore in the 2nd quarter valued at $628,000. Finally, Versor Investments LP purchased a new stake in Atkore during the 2nd quarter valued at about $448,000.

Atkore Stock Performance

Shares of ATKR stock opened at $67.26 on Thursday. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of -48.39 and a beta of 1.60. Atkore Inc. has a 1-year low of $49.92 and a 1-year high of $80.06. 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 stock’s fifty day simple moving average is $67.12 and its 200-day simple moving average is $64.73.

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

Atkore Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, February 17th. Atkore’s dividend payout ratio (DPR) is presently -94.96%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ATKR shares. Weiss Ratings reissued a “sell (d)” rating on shares of Atkore in a research note on Monday, December 29th. Roth Mkm boosted their price target on shares of Atkore from $71.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Royal Bank Of Canada set a $71.00 price objective on shares of Atkore in a research report on Wednesday, February 4th. CJS Securities raised shares of Atkore to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, KeyCorp reissued a “sector weight” rating on shares of Atkore in a report on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $75.50.

Insider Activity at Atkore

In related news, insider Mark F. Lamps sold 1,000 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $64.75, for a total transaction of $64,750.00. Following the completion of the sale, the insider owned 29,923 shares in the company, valued at $1,937,514.25. This trade represents a 3.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.10% of the company’s stock.

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.