London Co. of Virginia Has $27.01 Million Stock Position in Atkore Inc. $ATKR

London Co. of Virginia reduced its stake in Atkore Inc. (NYSE:ATKR) by 5.2% during the 3rd quarter, Holdings Channel reports. The fund owned 430,422 shares of the company’s stock after selling 23,481 shares during the period. London Co. of Virginia’s holdings in Atkore were worth $27,005,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Kestra Investment Management LLC grew its holdings in Atkore by 710.9% in the 2nd quarter. Kestra Investment Management LLC now owns 446 shares of the company’s stock valued at $31,000 after buying an additional 391 shares in the last quarter. Strs Ohio acquired a new stake in shares of Atkore during the first quarter worth $36,000. Jones Financial Companies Lllp boosted its position in shares of Atkore by 61.8% in the first quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock valued at $39,000 after acquiring an additional 246 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in shares of Atkore in the second quarter valued at about $97,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Atkore in the third quarter valued at about $112,000.

Atkore Stock Up 0.2%

ATKR stock opened at $56.24 on Tuesday. Atkore Inc. has a 52 week low of $49.92 and a 52 week high of $80.06. The business has a 50-day simple moving average of $66.67 and a 200 day simple moving average of $64.90. The company has a quick ratio of 2.40, a current ratio of 3.42 and a debt-to-equity ratio of 0.54. The company has a market cap of $1.90 billion, a PE ratio of -40.46 and a beta of 1.54.

Atkore (NYSE:ATKR) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.19. The firm 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 business’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the company posted $1.63 earnings per share. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. Sell-side analysts anticipate that Atkore Inc. will post 5.79 EPS for the current fiscal year.

Atkore Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 17th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, February 17th. Atkore’s dividend payout ratio (DPR) is -94.96%.

Insider Buying and Selling

In other Atkore news, insider Mark F. Lamps sold 1,000 shares of the company’s stock in a transaction 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 sale, the insider directly owned 35,982 shares in the company, valued at $2,366,895.96. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Roth Mkm raised their price target on shares of Atkore from $71.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. CJS Securities upgraded shares of Atkore to a “strong-buy” rating in a research report on Thursday, December 11th. Royal Bank Of Canada set a $71.00 target price on shares of Atkore in a report on Wednesday, February 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of Atkore in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded Atkore from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Atkore presently has an average rating of “Hold” and an average target price 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.