Clayton Partners LLC Makes New Investment in Atkore Inc. $ATKR

Clayton Partners LLC acquired a new position in shares of Atkore Inc. (NYSE:ATKR) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $632,000.

Other large investors have also recently bought and sold shares of the company. Jefferies Financial Group Inc. acquired a new stake in Atkore during the third quarter worth about $36,525,000. SG Americas Securities LLC grew its stake in Atkore by 657.2% during the fourth quarter. SG Americas Securities LLC now owns 32,023 shares of the company’s stock worth $2,025,000 after buying an additional 27,794 shares in the last quarter. Rock Point Advisors LLC grew its stake in Atkore by 25.7% during the third quarter. Rock Point Advisors LLC now owns 108,541 shares of the company’s stock worth $6,810,000 after buying an additional 22,203 shares in the last quarter. Vanguard Group Inc. grew its stake in Atkore by 8.1% during the third quarter. Vanguard Group Inc. now owns 3,632,594 shares of the company’s stock worth $227,909,000 after buying an additional 273,466 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Atkore during the third quarter worth about $1,750,000.

Atkore Trading Down 2.7%

ATKR opened at $76.76 on Thursday. The company’s 50 day moving average is $75.93 and its 200-day moving average is $68.74. Atkore Inc. has a 1-year low of $53.49 and a 1-year high of $90.16. The company has a current ratio of 2.64, a quick ratio of 2.02 and a debt-to-equity ratio of 0.59. The company has a market cap of $2.59 billion, a P/E ratio of -21.44 and a beta of 1.66.

Atkore (NYSE:ATKR) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.23. Atkore had a negative net margin of 4.19% and a positive return on equity of 9.22%. The company had revenue of $731.38 million for the quarter, compared to the consensus estimate of $714.18 million. During the same period last year, the company posted $2.04 EPS. 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. Equities research analysts predict that Atkore Inc. will post 4.75 earnings per share for the current fiscal year.

Atkore Announces Dividend

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

Insider Activity at Atkore

In related news, Director Justin A. Kershaw sold 2,799 shares of Atkore stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $73.67, for a total transaction of $206,202.33. Following the sale, the director directly 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Wilbert W. James, Jr. sold 3,299 shares of Atkore 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 sale, the director owned 17,063 shares in the company, valued at approximately $1,256,007.43. This represents a 16.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Citigroup increased their price objective 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. Weiss Ratings restated a “sell (d)” rating on shares of Atkore in a research note on Friday, May 1st. Wall Street Zen upgraded shares of Atkore from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, 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 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 issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.