Atkore (NYSE:ATKR) Announces Quarterly Earnings Results

Atkore (NYSE:ATKR) posted its quarterly earnings results on Thursday. The company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.61), Briefing.com reports. The firm had revenue of $752.01 million during the quarter, compared to analysts’ expectations of $733.61 million. Atkore had a net margin of 3.89% and a return on equity of 16.16%. The business’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period last year, the company earned $2.43 EPS. Atkore updated its FY 2026 guidance to 5.050-5.550 EPS and its Q1 2026 guidance to 0.550-0.750 EPS.

Atkore Stock Performance

Shares of Atkore stock opened at $61.56 on Friday. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 19.73 and a beta of 2.12. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.09 and a quick ratio of 2.08. The business has a 50-day moving average of $64.53 and a 200 day moving average of $66.07. Atkore has a 12 month low of $49.92 and a 12 month high of $97.32.

Atkore Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Friday, December 5th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.32 annualized dividend and a yield of 2.1%. Atkore’s dividend payout ratio is presently -253.85%.

Insider Transactions at Atkore

In other 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 sale, the insider owned 29,923 shares of the company’s stock, valued at approximately $1,937,514.25. This represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.99% of the stock is owned by company insiders.

Hedge Funds Weigh In On Atkore

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATKR. Dimensional Fund Advisors LP grew its stake in shares of Atkore by 1.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,036,079 shares of the company’s stock worth $64,998,000 after acquiring an additional 18,951 shares in the last quarter. Bank of America Corp DE boosted its holdings in Atkore by 3.0% in the second quarter. Bank of America Corp DE now owns 450,186 shares of the company’s stock valued at $31,761,000 after purchasing an additional 13,061 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Atkore by 40.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 427,235 shares of the company’s stock worth $26,805,000 after purchasing an additional 123,150 shares in the last quarter. Orbis Allan Gray Ltd increased its holdings in Atkore by 45.0% during the 2nd quarter. Orbis Allan Gray Ltd now owns 364,011 shares of the company’s stock worth $25,681,000 after purchasing an additional 112,981 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Atkore by 1.2% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 343,035 shares of the company’s stock worth $21,521,000 after purchasing an additional 4,114 shares during the period.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Citigroup decreased their price objective on Atkore from $66.00 to $64.00 and set a “neutral” rating on the stock in a report on Friday. Roth Capital reduced their target price on Atkore from $67.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday. Weiss Ratings lowered Atkore from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 24th. Finally, KeyCorp reissued a “sector weight” rating on shares of Atkore in a research report on Friday, November 14th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $74.00.

About Atkore

Atkore Inc engages in the manufacture and sale of electrical, mechanical, safety, and infrastructure products and solutions in the United States and internationally. The company offers conduits, cables, and installation accessories. It also designs and manufactures protection and reliability solutions for critical infrastructure, such as metal framing, mechanical pipe, perimeter security, and cable management.