9,790 Shares in Atkore Inc. $ATKR Acquired by Foguth Wealth Management LLC.

Foguth Wealth Management LLC. bought a new stake in shares of Atkore Inc. (NYSE:ATKR) during the fourth quarter, HoldingsChannel reports. The fund bought 9,790 shares of the company’s stock, valued at approximately $631,000.

Several other hedge funds also recently bought and sold shares of ATKR. Kestra Investment Management LLC raised its holdings in shares of Atkore by 710.9% in the second quarter. Kestra Investment Management LLC now owns 446 shares of the company’s stock worth $31,000 after acquiring an additional 391 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Atkore by 1,263.2% during the third quarter. Caitong International Asset Management Co. Ltd now owns 518 shares of the company’s stock valued at $32,000 after acquiring an additional 480 shares during the last quarter. Strs Ohio acquired a new stake in shares of Atkore during the first quarter valued at $36,000. Jones Financial Companies Lllp increased its position in Atkore by 61.8% during the 1st quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock worth $39,000 after purchasing an additional 246 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Atkore during the 3rd quarter worth about $80,000.

Insider Activity at Atkore

In other news, insider Mark F. Lamps sold 1,000 shares of the firm’s stock in a transaction dated 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 directly owned 35,982 shares in the company, valued at $2,366,895.96. This trade represents a 2.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.10% of the stock is currently owned by company insiders.

Atkore Stock Up 2.7%

Shares of ATKR opened at $56.77 on Friday. Atkore Inc. has a fifty-two week low of $49.92 and a fifty-two week high of $80.06. The company’s fifty day moving average is $66.00 and its two-hundred day moving average is $64.76. The firm has a market cap of $1.92 billion, a PE ratio of -40.84 and a beta of 1.54. The company has a quick ratio of 2.40, a current ratio of 3.42 and a debt-to-equity ratio of 0.54.

Atkore (NYSE:ATKR) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.19. The business had revenue of $655.55 million during the quarter, compared to the consensus estimate of $650.09 million. Atkore had a positive return on equity of 11.27% and a negative net margin of 1.63%.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 firm posted $1.63 EPS. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. Analysts forecast that Atkore Inc. will post 5.79 earnings per share for the current year.

Atkore Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th were paid a dividend of $0.33 per share. The ex-dividend date was Tuesday, February 17th. This represents a $1.32 annualized dividend and a yield of 2.3%. Atkore’s dividend payout ratio is currently -94.96%.

Analyst Upgrades and Downgrades

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