Atkore Inc. $ATKR Stock Position Cut by Rock Point Advisors LLC

Rock Point Advisors LLC lessened its stake in Atkore Inc. (NYSE:ATKR) by 21.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,002 shares of the company’s stock after selling 23,539 shares during the period. Rock Point Advisors LLC’s holdings in Atkore were worth $5,376,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Versor Investments LP grew its position in Atkore by 15.7% in the 4th quarter. Versor Investments LP now owns 11,649 shares of the company’s stock valued at $737,000 after buying an additional 1,582 shares in the last quarter. Denali Advisors LLC grew its position in Atkore by 3.8% in the 4th quarter. Denali Advisors LLC now owns 55,000 shares of the company’s stock valued at $3,479,000 after buying an additional 2,000 shares in the last quarter. Virtus Family Office LLC grew its position in Atkore by 1.5% in the 4th quarter. Virtus Family Office LLC now owns 25,504 shares of the company’s stock valued at $1,613,000 after buying an additional 382 shares in the last quarter. Strs Ohio grew its position in Atkore by 666.7% in the 4th quarter. Strs Ohio now owns 4,600 shares of the company’s stock valued at $291,000 after buying an additional 4,000 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Atkore by 10.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,300 shares of the company’s stock valued at $715,000 after buying an additional 1,093 shares in the last quarter.

Insiders Place Their Bets

In other Atkore news, insider Mark F. Lamps sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $65.78, for a total value of $65,780.00. Following the completion of the transaction, the insider directly owned 35,982 shares in the company, valued at $2,366,895.96. This trade represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Wilbert W. James, Jr. sold 3,299 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 17,063 shares of the company’s stock, valued at approximately $1,256,007.43. The trade was a 16.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 7,098 shares of company stock worth $514,822 over the last ninety days. 2.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ATKR. Citigroup increased their target price on shares of Atkore from $74.00 to $86.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Roth Mkm raised their price objective on shares of Atkore from $71.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Weiss Ratings restated a “sell (d)” rating on shares of Atkore in a research report on Friday, May 1st. Wall Street Zen upgraded shares of Atkore from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Royal Bank Of Canada raised their price objective on shares of Atkore from $71.00 to $82.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 6th. One equities research 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $81.67.

Atkore Stock Down 0.8%

Shares of Atkore stock opened at $74.07 on Wednesday. The stock’s fifty day moving average is $65.52 and its 200-day moving average is $66.27. The firm has a market capitalization of $2.50 billion, a PE ratio of -20.69 and a beta of 1.67. The company has a quick ratio of 2.02, 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.

Atkore (NYSE:ATKR) last announced its earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share (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 for the quarter, compared to analyst estimates of $714.18 million. During the same period in the previous year, the firm earned $2.04 earnings per share. Atkore’s revenue for the quarter was up 4.2% compared to the same quarter last year. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. Equities analysts anticipate that Atkore Inc. will post 4.71 earnings per share for the current year.

Atkore Announces Dividend

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