Mark Lamps Sells 1,000 Shares of Atkore (NYSE:ATKR) Stock

Atkore Inc. (NYSE:ATKR) insider Mark Lamps sold 1,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider owned 35,982 shares in the company, valued at $2,366,895.96. This represents a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Atkore Price Performance

ATKR stock opened at $66.38 on Thursday. The company has a current ratio of 3.42, a quick ratio of 2.40 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $2.24 billion, a P/E ratio of -47.76 and a beta of 1.60. The business has a 50 day simple moving average of $67.35 and a 200-day simple moving average of $64.34. Atkore Inc. has a twelve month low of $49.92 and a twelve month high of $80.06.

Atkore (NYSE:ATKR) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.64 by $0.19. The firm had revenue of $655.55 million during the quarter, compared to the consensus estimate of $650.09 million. Atkore had a negative net margin of 1.63% and a positive return on equity of 11.27%. Atkore’s revenue for the quarter was down .9% on a year-over-year basis. 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. As a group, equities analysts anticipate that Atkore Inc. will post 5.79 EPS for the current year.

Atkore Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, February 17th. Atkore’s payout ratio is -94.96%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ATKR. Citigroup boosted their target price on Atkore from $64.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Wall Street Zen upgraded shares of Atkore from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Royal Bank Of Canada set a $71.00 price objective on shares of Atkore in a research note on Wednesday, February 4th. Roth Mkm raised their target price on shares of Atkore from $71.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Finally, CJS Securities raised shares of Atkore to a “strong-buy” rating in a report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Atkore currently has a consensus rating of “Hold” and a consensus price target of $75.50.

Institutional Investors Weigh In On Atkore

Institutional investors have recently made changes to their positions in the stock. EP Wealth Advisors LLC purchased a new position in shares of Atkore in the 4th quarter valued at about $232,000. CacheTech Inc. grew its position in Atkore by 6.1% during the fourth quarter. CacheTech Inc. now owns 47,076 shares of the company’s stock worth $2,978,000 after buying an additional 2,706 shares during the period. XTX Topco Ltd purchased a new position in Atkore in the fourth quarter valued at about $391,000. Adams Wealth Management increased its holdings in Atkore by 0.5% in the fourth quarter. Adams Wealth Management now owns 40,726 shares of the company’s stock valued at $2,576,000 after buying an additional 220 shares in the last quarter. Finally, VARCOV Co. acquired a new stake in shares of Atkore during the 4th quarter valued at approximately $381,000.

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.