Atkore Inc. $ATKR Shares Sold by First Trust Advisors LP

First Trust Advisors LP cut its stake in Atkore Inc. (NYSE:ATKR) by 33.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,167,383 shares of the company’s stock after selling 590,414 shares during the quarter. First Trust Advisors LP owned about 3.47% of Atkore worth $73,242,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised 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 valued at $227,909,000 after buying an additional 273,466 shares during the period. American Century Companies Inc. boosted its holdings in Atkore by 14.3% in the 3rd quarter. American Century Companies Inc. now owns 1,158,103 shares of the company’s stock worth $72,659,000 after acquiring an additional 144,844 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Atkore by 1.9% in the 3rd 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 during the period. LSV Asset Management grew its position in Atkore by 2.2% in the third quarter. LSV Asset Management now owns 907,600 shares of the company’s stock valued at $56,943,000 after acquiring an additional 19,800 shares in the last quarter. Finally, River Road Asset Management LLC grew its position in Atkore by 1.0% in the second quarter. River Road Asset Management LLC now owns 792,427 shares of the company’s stock valued at $61,033,000 after acquiring an additional 8,106 shares in the last quarter.

Atkore Stock Performance

ATKR stock opened at $61.65 on Tuesday. The company has a current ratio of 3.42, a quick ratio of 2.40 and a debt-to-equity ratio of 0.54. The firm has a market cap of $2.08 billion, a P/E ratio of -44.35 and a beta of 1.54. Atkore Inc. has a 12-month low of $49.92 and a 12-month high of $80.06. The stock’s 50 day simple moving average is $67.29 and its 200 day simple moving average is $64.94.

Atkore (NYSE:ATKR) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.19. Atkore had a negative net margin of 1.63% and a positive return on equity of 11.27%. The firm had revenue of $655.55 million during the quarter, compared to the consensus estimate of $650.09 million. During the same quarter in the previous year, the company posted $1.63 earnings per share. The firm’s revenue was down .9% on a year-over-year basis. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. As a group, equities research analysts predict that Atkore Inc. will post 5.79 EPS for the current year.

Atkore Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Tuesday, February 17th. Atkore’s dividend payout ratio (DPR) is presently -94.96%.

Insider Activity at Atkore

In other news, insider Mark F. Lamps sold 1,000 shares of Atkore 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 of the company’s stock, valued at approximately $2,366,895.96. The trade was a 2.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ATKR shares. KeyCorp reissued a “sector weight” rating on shares of Atkore in a research report on Friday, November 14th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Atkore in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Atkore from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. CJS Securities raised shares of Atkore to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Roth Mkm raised their target price on Atkore from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Atkore has a consensus rating of “Hold” and a consensus price target of $75.50.

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.