Van Diest Capital LLC Purchases Shares of 6,912 Atkore Inc. $ATKR

Van Diest Capital LLC acquired a new stake in shares of Atkore Inc. (NYSE:ATKR) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,912 shares of the company’s stock, valued at approximately $407,000.

Several other large investors have also modified their holdings of the stock. Jones Financial Companies Lllp lifted its holdings in shares of Atkore by 61.8% during the first quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock valued at $39,000 after purchasing an additional 246 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Atkore by 15.9% in the 1st 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 purchasing an additional 16,028 shares during the period. Intech Investment Management LLC increased its stake in Atkore by 59.7% in the 1st quarter. Intech Investment Management LLC now owns 29,363 shares of the company’s stock worth $1,761,000 after purchasing an additional 10,972 shares in the last quarter. Strs Ohio purchased a new position in Atkore in the 1st quarter worth about $36,000. Finally, Norges Bank acquired a new stake in Atkore during the 2nd quarter worth about $467,000.

Wall Street Analyst Weigh In

A number of research firms have commented on ATKR. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Atkore in a research note on Friday, May 1st. Wall Street Zen raised shares of Atkore from a “hold” rating to a “buy” rating in a research report on Sunday. Royal Bank Of Canada set a $76.00 price target on shares of Atkore in a report on Thursday, July 16th. Finally, Citigroup boosted their price target on shares of Atkore from $74.00 to $86.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. One equities research 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 stock. According to data from MarketBeat, Atkore presently has a consensus rating of “Hold” and a consensus target price of $138.33.

Insider Buying and Selling

In other Atkore 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 completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Wilbert W. James, Jr. sold 3,299 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $73.61, for a total transaction of $242,839.39. Following the transaction, 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. The disclosure for this sale is available in the SEC filing. Insiders own 2.10% of the company’s stock.

Atkore Trading Up 4.6%

Shares of NYSE ATKR opened at $76.44 on Friday. Atkore Inc. has a one year low of $53.49 and a one year high of $90.16. The firm has a market capitalization of $2.58 billion, a PE ratio of -21.35 and a beta of 1.68. 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 business has a 50-day moving average price of $77.10 and a two-hundred day moving average price of $70.56.

Atkore (NYSE:ATKR) last released its earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.23. The company had revenue of $731.38 million for the quarter, compared to analysts’ expectations of $714.18 million. Atkore had a positive return on equity of 9.22% and a negative net margin of 4.19%.The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.04 EPS. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. As a group, analysts predict that Atkore Inc. will post 4.75 earnings per share for the current fiscal year.

Atkore Dividend Announcement

The business also recently disclosed 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 of this dividend was Tuesday, May 19th. This represents a $1.32 dividend on an annualized basis and a yield of 1.7%. Atkore’s payout ratio is presently -36.87%.

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.