Atkore Inc. $ATKR Shares Sold by Caxton Associates LLP

Caxton Associates LLP cut its holdings in Atkore Inc. (NYSE:ATKR) by 21.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,876 shares of the company’s stock after selling 6,644 shares during the period. Caxton Associates LLP’s holdings in Atkore were worth $1,465,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Kestra Investment Management LLC raised its position 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 acquiring an additional 391 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of Atkore by 1,263.2% in the third 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 last quarter. Strs Ohio acquired a new stake in shares of Atkore in the first quarter valued at approximately $36,000. Jones Financial Companies Lllp increased its stake in shares of 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, Kestra Advisory Services LLC purchased a new position in shares of Atkore during the 4th quarter worth approximately $77,000.

Analyst Upgrades and Downgrades

ATKR has been the subject of several research reports. Wall Street Zen upgraded Atkore from a “hold” rating to a “buy” rating in a research report on Sunday. Citigroup increased their target price on Atkore from $74.00 to $86.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Royal Bank Of Canada set a $76.00 price target on Atkore in a research report on Thursday, July 16th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Atkore in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $138.33.

Atkore Price Performance

ATKR stock opened at $76.44 on Friday. Atkore Inc. has a 52-week low of $53.49 and a 52-week high of $90.16. The stock’s fifty day simple moving average is $77.10 and its 200-day simple moving average is $70.56. The company has a quick ratio of 2.02, a current ratio of 2.64 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of -21.35 and a beta of 1.68.

Atkore (NYSE:ATKR) last released its earnings results on Tuesday, May 5th. The company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.00 by $0.23. Atkore had a positive return on equity of 9.22% and a negative net margin of 4.19%.The firm had revenue of $731.38 million during the quarter, compared to analyst estimates of $714.18 million. During the same period in the prior year, the firm posted $2.04 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. Equities research analysts expect that Atkore Inc. will post 4.75 EPS for the current year.

Atkore Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.7%. Atkore’s dividend payout ratio is currently -36.87%.

Insider Transactions at Atkore

In other news, Director Wilbert W. James, Jr. sold 3,299 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $73.61, for a total transaction of $242,839.39. Following the transaction, the director directly owned 17,063 shares in the company, valued at $1,256,007.43. This represents a 16.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Justin A. Kershaw sold 2,799 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $73.67, for a total transaction of $206,202.33. Following the transaction, the director owned 18,610 shares in the company, valued at approximately $1,370,998.70. The trade was a 13.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.10% of the company’s stock.

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.