10,000 Shares in Atkore Inc. $ATKR Acquired by Clayton Partners LLC

Clayton Partners LLC bought a new position in shares of Atkore Inc. (NYSE:ATKR) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 10,000 shares of the company’s stock, valued at approximately $632,000.

Several other hedge funds have also added to or reduced their stakes in the business. Kestra Investment Management LLC raised its holdings in Atkore by 710.9% during the 2nd quarter. Kestra Investment Management LLC now owns 446 shares of the company’s stock worth $31,000 after purchasing an additional 391 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in Atkore by 1,263.2% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 518 shares of the company’s stock worth $32,000 after purchasing an additional 480 shares during the last quarter. Strs Ohio bought a new position in Atkore during the 1st quarter worth approximately $36,000. Jones Financial Companies Lllp raised its holdings in Atkore by 61.8% during the 1st quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock worth $39,000 after purchasing an additional 246 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Atkore during the 4th quarter worth approximately $77,000.

Insider Buying and Selling at Atkore

In related news, Director Justin A. Kershaw sold 2,799 shares of Atkore stock in a transaction on Friday, May 8th. The shares were sold at an average price of $73.67, for a total value of $206,202.33. Following the completion of the sale, the director 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Wilbert W. James, Jr. sold 3,299 shares of Atkore 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 sale, the director directly 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 position. The SEC filing for this sale provides additional information. Insiders own 2.10% of the company’s stock.

Atkore Stock Performance

NYSE:ATKR opened at $76.76 on Thursday. The company has a fifty day moving average of $75.93 and a 200-day moving average of $68.74. The firm has a market capitalization of $2.59 billion, a P/E ratio of -21.44 and a beta of 1.66. 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 twelve month low of $53.49 and a twelve month high of $90.16.

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

Atkore Dividend Announcement

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

Wall Street Analyst Weigh In

ATKR has been the subject of several analyst reports. 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, May 6th. Wall Street Zen upgraded shares of Atkore from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings restated a “sell (d)” rating on shares of Atkore in a report on Friday, May 1st. Finally, Royal Bank Of Canada raised their price target on shares of Atkore from $71.00 to $82.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 6th. One investment 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 given a Sell rating to the company’s stock. According to MarketBeat, Atkore presently has an average rating of “Hold” and a consensus price target of $81.67.

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.