Atkore (NYSE:ATKR) Director Justin Kershaw Sells 2,799 Shares

Atkore Inc. (NYSE:ATKR) Director Justin Kershaw sold 2,799 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was 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 trade represents a 13.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Atkore Stock Up 0.2%

Shares of ATKR traded up $0.11 on Friday, reaching $74.08. The stock had a trading volume of 347,539 shares, compared to its average volume of 396,481. 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 Inc. has a 12-month low of $53.49 and a 12-month high of $80.06. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of -20.69 and a beta of 1.67. The company has a 50-day simple moving average of $64.96 and a 200-day simple moving average of $66.11.

Atkore (NYSE:ATKR) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.23. Atkore had a positive return on equity of 8.99% and a negative net margin of 4.19%.The business had revenue of $731.38 million during the quarter, compared to the consensus estimate of $714.18 million. During the same quarter in the prior year, the company earned $2.04 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. Sell-side analysts predict that Atkore Inc. will post 4.71 EPS for the current year.

Atkore Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wall Street Zen lowered Atkore from a “buy” rating to a “hold” rating in a research report on Monday, April 20th. Roth Mkm raised their price target on Atkore from $71.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Citigroup upped 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. Weiss Ratings reissued a “sell (d)” rating on shares of Atkore in a research report on Friday, May 1st. Finally, Royal Bank Of Canada lifted their target price on shares of Atkore from $71.00 to $82.00 and gave the stock a “sector perform” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Atkore presently has a consensus rating of “Hold” and an average price target of $81.67.

Hedge Funds Weigh In On Atkore

Hedge funds and other institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System grew its stake in shares of Atkore by 0.7% in the second 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 fourth quarter. Adams Wealth Management now owns 40,726 shares of the company’s stock worth $2,576,000 after purchasing an additional 220 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in Atkore by 15.4% in the second quarter. Osaic Holdings Inc. now owns 1,794 shares of the company’s stock worth $127,000 after purchasing an additional 240 shares during the last quarter. Jones Financial Companies Lllp grew its position in Atkore by 61.8% in the 1st quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock worth $39,000 after purchasing an additional 246 shares during the period. Finally, Covestor Ltd raised its stake in Atkore by 18.8% during the 4th quarter. Covestor Ltd now owns 1,779 shares of the company’s stock valued at $112,000 after buying an additional 282 shares during the last quarter.

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.