Key Points
- Director Justin Kershaw sold 2,799 shares of Atkore on May 8 at an average price of $73.67, totaling about $206,202. The sale reduced his position by 13.07%, leaving him with 18,610 shares.
- Atkore reported better-than-expected quarterly results, posting EPS of $1.23 versus the $1.00 consensus and revenue of $731.38 million versus estimates of $714.18 million. Revenue rose 4.2% year over year, and the company set FY2026 guidance at $5.05 to $5.55 EPS.
- The company also announced a quarterly dividend of $0.33 per share, payable May 29 to shareholders of record on May 19. That implies an annualized dividend of $1.32 and a yield of about 1.8%.
Atkore Inc. (NYSE:ATKR - Get Free Report) Director Justin Kershaw sold 2,799 shares of the business'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 directly 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 document filed with the SEC, which is available at the SEC website.
Atkore Price Performance
Shares of NYSE ATKR opened at $74.08 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.64 and a quick ratio of 2.40. The stock has a fifty day moving average price of $64.96 and a 200 day moving average price of $66.11. Atkore Inc. has a 1-year low of $53.49 and a 1-year high of $80.06. The company has a market cap of $2.50 billion, a PE ratio of -20.69 and a beta of 1.67.
Atkore (NYSE:ATKR - Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.23. The firm had revenue of $731.38 million for the quarter, compared to analyst estimates of $714.18 million. Atkore had a negative net margin of 4.19% and a positive return on equity of 9.22%. Atkore's quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm posted $2.04 EPS. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. Sell-side analysts forecast that Atkore Inc. will post 4.71 EPS for the current year.
Atkore Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $1.32 annualized dividend and a dividend yield of 1.8%. Atkore's payout ratio is presently -36.87%.
Institutional Investors Weigh In On Atkore
Institutional investors and hedge funds have recently modified their holdings of the company. Kestra Investment Management LLC raised its holdings in Atkore by 710.9% during the second quarter. Kestra Investment Management LLC now owns 446 shares of the company's stock worth $31,000 after purchasing an additional 391 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Atkore by 1,263.2% during the third quarter. Caitong International Asset Management Co. Ltd now owns 518 shares of the company's stock worth $32,000 after purchasing an additional 480 shares in the last quarter. Strs Ohio acquired a new stake in Atkore in the first quarter valued at $36,000. Jones Financial Companies Lllp grew its holdings in 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 purchasing an additional 246 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in shares of Atkore in the fourth quarter valued at $77,000.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on ATKR shares. Roth Mkm raised their price objective 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 boosted their target price on Atkore from $74.00 to $86.00 and gave the stock a "neutral" rating in a research report on Wednesday. Wall Street Zen raised Atkore from a "hold" rating to a "buy" rating in a research note on Saturday. Weiss Ratings reissued a "sell (d)" rating on shares of Atkore in a report on Friday, May 1st. Finally, Royal Bank Of Canada lifted their price target on Atkore from $71.00 to $82.00 and gave the company a "sector perform" rating in a research note on Wednesday. One equities 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 issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $81.67.
View Our Latest Report on ATKR
Atkore Company Profile
(
Get Free Report)
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.
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