Atkore (NYSE:ATKR) Director Sells $206,202.33 in Stock
by Jessica Moore · The Cerbat GemAtkore Inc. (NYSE:ATKR – Get Free Report) Director Justin Kershaw sold 2,799 shares of the company’s 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 transaction, the director owned 18,610 shares in the company, valued at approximately $1,370,998.70. The trade was a 13.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Atkore Stock Performance
NYSE:ATKR traded up $0.11 during trading hours on Friday, reaching $74.08. The stock had a trading volume of 347,539 shares, compared to its average volume of 396,481. The stock has a market cap of $2.50 billion, a P/E ratio of -20.69 and a beta of 1.67. The stock has a 50 day simple moving average of $64.96 and a 200 day simple moving average of $66.11. 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.
Atkore (NYSE:ATKR – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share for the quarter, topping the consensus estimate 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 company 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 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. On average, research analysts forecast that Atkore Inc. will post 4.71 EPS for the current fiscal year.
Atkore Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th will be given a dividend of $0.33 per share. The ex-dividend date is Tuesday, May 19th. This represents a $1.32 annualized dividend and a dividend yield of 1.8%. Atkore’s dividend payout ratio is currently -36.87%.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in ATKR. Vanguard Group Inc. raised its holdings in Atkore by 8.1% in the 3rd quarter. Vanguard Group Inc. now owns 3,632,594 shares of the company’s stock worth $227,909,000 after purchasing an additional 273,466 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Atkore by 18.7% during the 4th quarter. First Trust Advisors LP now owns 1,385,741 shares of the company’s stock valued at $87,648,000 after purchasing an additional 218,358 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Atkore by 8.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,227,991 shares of the company’s stock valued at $72,341,000 after buying an additional 97,514 shares during the period. American Century Companies Inc. raised its stake in Atkore by 14.3% in the third quarter. American Century Companies Inc. now owns 1,158,103 shares of the company’s stock worth $72,659,000 after buying an additional 144,844 shares in the last quarter. Finally, LSV Asset Management raised its stake in Atkore by 5.8% in the fourth quarter. LSV Asset Management now owns 960,450 shares of the company’s stock worth $60,748,000 after buying an additional 52,850 shares in the last quarter.
Analyst Ratings Changes
Several research firms have issued reports on ATKR. Roth Mkm upped their price target on shares of Atkore from $71.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Wall Street Zen lowered shares of Atkore from a “buy” rating to a “hold” rating in a report on Monday, April 20th. Citigroup boosted their price objective on shares of Atkore from $74.00 to $86.00 and gave the company a “neutral” rating in a research report on Wednesday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Atkore in a research note on Friday, May 1st. Finally, Royal Bank Of Canada raised their target price on Atkore from $71.00 to $82.00 and gave the stock a “sector perform” rating in a research note on Wednesday. One research 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $81.67.
Read Our Latest Analysis on Atkore
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.