Atkore Inc. $ATKR Stake Lowered by First Trust Advisors LP

First Trust Advisors LP trimmed its stake in shares of Atkore Inc. (NYSE:ATKR) by 33.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,167,383 shares of the company’s stock after selling 590,414 shares during the quarter. First Trust Advisors LP’s holdings in Atkore were worth $73,242,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp increased its position in Atkore by 61.8% in the first quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock worth $39,000 after buying an additional 246 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Atkore by 15.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 116,830 shares of the company’s stock valued at $7,009,000 after buying an additional 16,028 shares during the last quarter. Intech Investment Management LLC boosted its holdings in shares of Atkore by 59.7% during the first quarter. Intech Investment Management LLC now owns 29,363 shares of the company’s stock valued at $1,761,000 after acquiring an additional 10,972 shares during the period. Strs Ohio bought a new position in shares of Atkore during the first quarter worth about $36,000. Finally, Envestnet Asset Management Inc. grew its position in shares of Atkore by 4.5% during the second quarter. Envestnet Asset Management Inc. now owns 33,309 shares of the company’s stock worth $2,350,000 after acquiring an additional 1,424 shares during the last quarter.

Atkore Trading Up 0.4%

Atkore stock opened at $61.65 on Tuesday. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of -44.35 and a beta of 1.54. Atkore Inc. has a 1 year low of $49.92 and a 1 year high of $80.06. The firm’s 50 day moving average price is $67.29 and its two-hundred day moving average price is $64.94. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.40 and a current ratio of 3.42.

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

Atkore Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, February 17th. Atkore’s dividend payout ratio is currently -94.96%.

Insider Buying and Selling at Atkore

In related news, insider Mark F. Lamps sold 1,000 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $65.78, for a total value of $65,780.00. Following the completion of the transaction, the insider owned 35,982 shares in the company, valued at $2,366,895.96. This trade represents a 2.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.10% of the stock is owned by company insiders.

Analyst Ratings Changes

ATKR has been the topic of several recent research reports. Royal Bank Of Canada set a $71.00 price objective on shares of Atkore in a research report on Wednesday, February 4th. CJS Securities upgraded shares of Atkore to a “strong-buy” rating in a research report on Thursday, December 11th. Citigroup raised their price target on shares of Atkore from $64.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. KeyCorp reaffirmed a “sector weight” rating on shares of Atkore in a report on Friday, November 14th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Atkore in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Atkore presently has a consensus rating of “Hold” and a consensus price target of $75.50.

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.