Cambria Investment Management L.P. Has $7.25 Million Stock Position in Atkore Inc. $ATKR

Cambria Investment Management L.P. grew its holdings in Atkore Inc. (NYSE:ATKR) by 14.9% in the third quarter, HoldingsChannel reports. The fund owned 115,479 shares of the company’s stock after buying an additional 15,013 shares during the period. Cambria Investment Management L.P.’s holdings in Atkore were worth $7,245,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of ATKR. CIBC Bancorp USA Inc. bought a new position in Atkore during the third quarter worth about $225,000. Caitong International Asset Management Co. Ltd boosted its holdings in Atkore by 1,263.2% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 518 shares of the company’s stock valued at $32,000 after purchasing an additional 480 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in Atkore in the 3rd quarter valued at about $21,214,000. Morningstar Investment Management LLC acquired a new position in shares of Atkore during the 3rd quarter worth approximately $1,165,000. Finally, CacheTech Inc. grew its position in shares of Atkore by 7.7% during the 3rd quarter. CacheTech Inc. now owns 44,370 shares of the company’s stock worth $2,784,000 after purchasing an additional 3,190 shares in the last quarter.

Insider Activity

In other news, insider Mark F. Lamps sold 1,000 shares of Atkore stock in a transaction 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 approximately $2,366,895.96. This trade represents a 2.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.10% of the company’s stock.

Atkore Price Performance

Shares of NYSE:ATKR opened at $55.45 on Thursday. The firm has a 50 day moving average of $66.22 and a 200-day moving average of $64.82. Atkore Inc. has a 12 month low of $49.92 and a 12 month high of $80.06. 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 stock has a market capitalization of $1.87 billion, a PE ratio of -39.89 and a beta of 1.54.

Atkore (NYSE:ATKR) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.19. The business had revenue of $655.55 million for the quarter, compared to analyst estimates of $650.09 million. Atkore had a negative net margin of 1.63% and a positive return on equity of 11.27%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the business posted $1.63 EPS. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. On average, equities research analysts predict that Atkore Inc. will post 5.79 EPS for the current fiscal year.

Atkore Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, February 17th. Atkore’s dividend payout ratio (DPR) is currently -94.96%.

Analyst Ratings Changes

A number of research firms have recently weighed in on ATKR. Roth Mkm lifted 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. Citigroup increased their price target on Atkore from $64.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. CJS Securities upgraded Atkore to a “strong-buy” rating in a research note on Thursday, December 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Atkore in a report on Monday, December 29th. Finally, Royal Bank Of Canada set a $71.00 target price on Atkore in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $75.50.

Atkore 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.