Atkore (NYSE:ATKR) Director Wilbert James, Jr. Sells 3,299 Shares of Stock

Atkore Inc. (NYSE:ATKR) Director Wilbert James, Jr. sold 3,299 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $73.61, for a total transaction of $242,839.39. Following the completion of the sale, the director directly owned 17,063 shares in the company, valued at approximately $1,256,007.43. This represents a 16.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Atkore Stock Up 0.2%

Shares of NYSE:ATKR opened at $74.08 on Friday. The firm has a market cap of $2.50 billion, a P/E ratio of -20.69 and a beta of 1.67. The company has a quick ratio of 2.40, a current ratio of 2.64 and a debt-to-equity ratio of 0.59. Atkore Inc. has a 12-month low of $53.49 and a 12-month high of $80.06. The business has a fifty day simple moving average of $64.96 and a 200 day simple moving average of $66.11.

Atkore (NYSE:ATKR) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.23. The firm had revenue of $731.38 million for the quarter, compared to analyst estimates of $714.18 million. Atkore had a positive return on equity of 9.22% and a negative net margin of 4.19%.The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.04 EPS. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. Analysts predict that Atkore Inc. will post 4.71 earnings per share for the current year.

Atkore Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 19th will be issued a $0.33 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $1.32 annualized dividend and a yield of 1.8%. Atkore’s dividend payout ratio is presently -36.87%.

Institutional Investors Weigh In On Atkore

A number of hedge funds have recently added to or reduced their stakes in ATKR. Oslo Pensjonsforsikring AS acquired a new position in Atkore in the first quarter valued at approximately $22,209,000. Dimensional Fund Advisors LP grew its position in shares of Atkore by 8.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,227,991 shares of the company’s stock worth $72,341,000 after buying an additional 97,514 shares during the period. SEB Asset Management AB bought a new stake in shares of Atkore in the 1st quarter valued at $680,000. Aviance Capital Partners LLC increased its stake in shares of Atkore by 9.7% in the 1st quarter. Aviance Capital Partners LLC now owns 20,794 shares of the company’s stock valued at $1,225,000 after acquiring an additional 1,835 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Atkore by 24,530.8% during the 1st quarter. Fifth Third Bancorp now owns 3,202 shares of the company’s stock valued at $189,000 after acquiring an additional 3,189 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Citigroup raised their price target on shares of Atkore from $74.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday. Royal Bank Of Canada upped their price objective on shares of Atkore from $71.00 to $82.00 and gave the company a “sector perform” rating in a research note on Wednesday. Roth Mkm increased their price objective on shares of Atkore from $71.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Wall Street Zen raised shares of Atkore from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Atkore in a report on Friday, May 1st. One research 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, Atkore has an average rating of “Hold” and a consensus price target of $81.67.

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.