Dean Capital Management Cuts Stake in Atkore Inc. $ATKR

Dean Capital Management lessened its stake in shares of Atkore Inc. (NYSE:ATKR) by 70.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,582 shares of the company’s stock after selling 13,339 shares during the quarter. Dean Capital Management’s holdings in Atkore were worth $329,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ATKR. Cetera Investment Advisers raised its holdings in shares of Atkore by 2.8% during the 1st quarter. Cetera Investment Advisers now owns 5,212 shares of the company’s stock valued at $307,000 after buying an additional 143 shares during the period. California State Teachers Retirement System boosted its holdings in Atkore by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 33,067 shares of the company’s stock worth $2,333,000 after acquiring an additional 214 shares during the period. Adams Wealth Management boosted its holdings in Atkore by 0.5% in the 4th quarter. Adams Wealth Management now owns 40,726 shares of the company’s stock worth $2,576,000 after acquiring an additional 220 shares during the period. Osaic Holdings Inc. grew its position in Atkore by 15.4% in the second quarter. Osaic Holdings Inc. now owns 1,794 shares of the company’s stock valued at $127,000 after acquiring an additional 240 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in Atkore by 61.8% in the first quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock valued at $39,000 after acquiring an additional 246 shares in the last quarter.

Insider Activity

In other news, Director Justin A. Kershaw sold 2,799 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $73.67, for a total value of $206,202.33. Following the sale, the director owned 18,610 shares in the company, valued at approximately $1,370,998.70. This represents a 13.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Wilbert W. James, Jr. sold 3,299 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $73.61, for a total transaction of $242,839.39. Following the transaction, the director directly owned 17,063 shares in the company, valued at $1,256,007.43. The trade was a 16.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on ATKR. Weiss Ratings reissued a “sell (d)” rating on shares of Atkore in a research report on Friday, May 1st. Wall Street Zen raised shares of Atkore from a “hold” rating to a “buy” rating in a report on Sunday. Royal Bank Of Canada set a $76.00 price target on shares of Atkore in a research note on Thursday, July 16th. Finally, Citigroup lifted their price target on shares of Atkore from $74.00 to $86.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Atkore has an average rating of “Hold” and an average target price of $138.33.

Atkore Stock Performance

Shares of ATKR opened at $76.44 on Monday. The business’s 50 day moving average is $77.10 and its two-hundred day moving average is $70.59. Atkore Inc. has a 52-week low of $53.49 and a 52-week high of $90.16. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of -21.35 and a beta of 1.68. 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 (NYSE:ATKR) last released its earnings results on Tuesday, May 5th. The company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.00 by $0.23. Atkore had a positive return on equity of 9.22% and a negative net margin of 4.19%.The company had revenue of $731.38 million during the quarter, compared to analysts’ expectations of $714.18 million. During the same period in the prior year, the business posted $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. Analysts forecast that Atkore Inc. will post 4.75 EPS for the current fiscal year.

Atkore Announces Dividend

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

Atkore Company 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.