Pacer Advisors Inc. Lowers Holdings in Atkore Inc. $ATKR

Pacer Advisors Inc. trimmed its stake in Atkore Inc. (NYSE:ATKR) by 8.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 178,188 shares of the company’s stock after selling 16,929 shares during the quarter. Pacer Advisors Inc.’s holdings in Atkore were worth $11,270,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ATKR. Kestra Investment Management LLC raised its position in shares of Atkore by 710.9% in 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 grew its position 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 valued at $32,000 after purchasing an additional 480 shares during the last quarter. Strs Ohio purchased a new stake in Atkore during the 1st quarter valued at about $36,000. Jones Financial Companies Lllp increased its stake in Atkore by 61.8% during the 1st quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock valued at $39,000 after purchasing an additional 246 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in Atkore during the 4th quarter valued at about $77,000.

Insider Activity

In other news, Director Justin A. Kershaw sold 2,799 shares of the stock in a transaction that occurred 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 transaction, the director owned 18,610 shares in the company, valued at $1,370,998.70. This represents a 13.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Wilbert W. James, Jr. sold 3,299 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 17,063 shares in the company, 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. 2.10% of the stock is owned by corporate insiders.

Atkore Price Performance

NYSE ATKR opened at $81.03 on Friday. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of -22.63 and a beta of 1.66. Atkore Inc. has a 1-year low of $53.49 and a 1-year high of $90.16. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.64 and a quick ratio of 2.02. The business’s fifty day moving average price is $76.58 and its 200-day moving average price is $68.93.

Atkore (NYSE:ATKR) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.23 EPS for the quarter, topping 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 positive return on equity of 9.22% and a negative net margin of 4.19%.Atkore’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.04 earnings per share. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. On average, equities analysts predict that Atkore Inc. will post 4.75 earnings per share for the current year.

Atkore Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $1.32 annualized dividend and a dividend yield of 1.6%. Atkore’s dividend payout ratio is presently -36.87%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ATKR shares. Wall Street Zen raised shares of Atkore from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Royal Bank Of Canada raised their price target 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. Citigroup boosted their price objective on shares of Atkore from $74.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Atkore in a research report on Friday, May 1st. 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 assigned a Sell rating to the stock. According to MarketBeat.com, Atkore presently has a consensus 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.