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

Atkore Inc. (NYSE:ATKR) insider Mark Lamps sold 1,000 shares of Atkore stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $65.78, for a total transaction of $65,780.00. Following the completion of the transaction, the insider directly owned 35,982 shares in the company, valued at approximately $2,366,895.96. This trade represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Atkore Trading Down 0.5%

Atkore stock opened at $66.33 on Wednesday. The company has a 50 day moving average price of $67.32 and a 200 day moving average price of $64.33. Atkore Inc. has a 52 week low of $49.92 and a 52 week high of $80.06. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.40 and a current ratio of 3.42. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of -47.72 and a beta of 1.60.

Atkore (NYSE:ATKR) last announced its earnings results on Tuesday, February 3rd. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.19. The company had revenue of $655.55 million for 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%. The company’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the business earned $1.63 EPS. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. Research analysts forecast that Atkore Inc. will post 5.79 EPS for the current year.

Atkore Dividend Announcement

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

Institutional Investors Weigh In On Atkore

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Atkore by 8.1% in 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 during the last quarter. First Trust Advisors LP increased its holdings in shares of Atkore by 13.9% during the 2nd quarter. First Trust Advisors LP now owns 1,757,797 shares of the company’s stock valued at $124,013,000 after acquiring an additional 213,858 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Atkore by 14.3% in the 3rd quarter. American Century Companies Inc. now owns 1,158,103 shares of the company’s stock valued at $72,659,000 after acquiring an additional 144,844 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Atkore by 9.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,130,477 shares of the company’s stock worth $71,503,000 after purchasing an additional 94,398 shares during the last quarter. Finally, LSV Asset Management boosted its position in Atkore by 5.8% during the fourth quarter. LSV Asset Management now owns 960,450 shares of the company’s stock worth $60,748,000 after purchasing an additional 52,850 shares during the period.

Analysts Set New Price Targets

Several research firms recently commented on ATKR. Citigroup raised their price target on shares of Atkore from $64.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Royal Bank Of Canada set a $71.00 target price on shares of Atkore in a research report on Wednesday, February 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Atkore in a research note on Monday, December 29th. CJS Securities upgraded shares of Atkore to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Wall Street Zen raised shares of Atkore from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Atkore currently has an average rating of “Hold” and an average price target of $75.50.

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.