Van Diest Capital LLC Invests $407,000 in Atkore Inc. $ATKR

Van Diest Capital LLC purchased a new stake in shares of Atkore Inc. (NYSE:ATKR) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 6,912 shares of the company’s stock, valued at approximately $407,000.

Other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp grew its stake in shares of Atkore by 61.8% in the 1st quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock valued at $39,000 after buying an additional 246 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Atkore by 15.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 116,830 shares of the company’s stock valued at $7,009,000 after acquiring an additional 16,028 shares in the last quarter. Intech Investment Management LLC raised its position in Atkore by 59.7% during the first quarter. Intech Investment Management LLC now owns 29,363 shares of the company’s stock valued at $1,761,000 after acquiring an additional 10,972 shares in the last quarter. Strs Ohio acquired a new stake in Atkore in the first quarter valued at approximately $36,000. Finally, Norges Bank acquired a new stake in Atkore in the second quarter valued at approximately $467,000.

Insider Buying and Selling at Atkore

In related news, Director Wilbert W. James, Jr. sold 3,299 shares of the company’s stock in a transaction on Friday, May 8th. The shares were 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 in the company, valued at $1,256,007.43. This represents a 16.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Justin A. Kershaw sold 2,799 shares of the stock in a transaction 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 completion of the sale, the director directly owned 18,610 shares of the company’s stock, valued at approximately $1,370,998.70. This trade represents a 13.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on ATKR shares. Wall Street Zen upgraded shares of Atkore from a “hold” rating to a “buy” rating in a research note on Sunday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Atkore in a research note on Friday, May 1st. Royal Bank Of Canada set a $76.00 price objective on shares of Atkore in a report on Thursday, July 16th. Finally, Citigroup increased their target price on shares of Atkore from $74.00 to $86.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $138.33.

Atkore Stock Performance

ATKR opened at $76.44 on Friday. The company has a quick ratio of 2.02, a current ratio of 2.64 and a debt-to-equity ratio of 0.59. The stock’s 50 day moving average price is $77.10 and its two-hundred day moving average price is $70.56. The firm has a market capitalization of $2.58 billion, a P/E ratio of -21.35 and a beta of 1.68. Atkore Inc. has a 12-month low of $53.49 and a 12-month high of $90.16.

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

Atkore Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Tuesday, May 19th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, May 19th. Atkore’s dividend payout ratio is presently -36.87%.

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.