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

Atkore Inc. (NYSE:ATKR) Director Wilbert James, Jr. sold 3,299 shares of the company’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 sale, the director directly owned 17,063 shares of the company’s stock, valued at approximately $1,256,007.43. This represents a 16.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Atkore Stock Performance

NYSE:ATKR opened at $74.08 on Friday. The firm has a market capitalization of $2.50 billion, a PE ratio of -20.69 and a beta of 1.67. Atkore Inc. has a 1 year low of $53.49 and a 1 year high of $80.06. The company has a current ratio of 2.64, a quick ratio of 2.40 and a debt-to-equity ratio of 0.59. The firm’s fifty day simple moving average is $64.96 and its 200 day simple moving average is $66.11.

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

Atkore Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 19th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, May 19th. Atkore’s payout ratio is currently -36.87%.

Hedge Funds Weigh In On Atkore

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Atkore by 8.1% during the 3rd quarter. Vanguard Group Inc. now owns 3,632,594 shares of the company’s stock worth $227,909,000 after purchasing an additional 273,466 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Atkore by 18.7% in the fourth quarter. First Trust Advisors LP now owns 1,385,741 shares of the company’s stock valued at $87,648,000 after purchasing an additional 218,358 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Atkore by 8.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,227,991 shares of the company’s stock valued at $72,341,000 after purchasing an additional 97,514 shares in the last quarter. American Century Companies Inc. lifted its position in Atkore by 14.3% in the third quarter. American Century Companies Inc. now owns 1,158,103 shares of the company’s stock worth $72,659,000 after purchasing an additional 144,844 shares during the period. Finally, LSV Asset Management boosted its stake in Atkore by 5.8% during the fourth quarter. LSV Asset Management now owns 960,450 shares of the company’s stock worth $60,748,000 after buying an additional 52,850 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts have commented on ATKR shares. Wall Street Zen raised Atkore from a “hold” rating to a “buy” rating in a research report on Saturday. Roth Mkm increased their price objective on 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 note on Friday, May 1st. Royal Bank Of Canada boosted their target price on shares of Atkore from $71.00 to $82.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Finally, Citigroup upped their target price on shares of Atkore from $74.00 to $86.00 and gave the company a “neutral” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.