Atkore (NYSE:ATKR) Posts Earnings Results, Misses Estimates By $0.61 EPS

Atkore (NYSE:ATKR) issued its quarterly earnings data on Thursday. The company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.61), Briefing.com reports. Atkore had a net margin of 3.89% and a return on equity of 16.16%. The company had revenue of $752.01 million during the quarter, compared to the consensus estimate of $733.61 million. During the same period in the previous year, the business posted $2.43 earnings per share. The firm’s revenue was down 4.6% on a year-over-year basis. Atkore updated its FY 2026 guidance to 5.050-5.550 EPS and its Q1 2026 guidance to 0.550-0.750 EPS.

Atkore Stock Up 2.4%

Shares of ATKR stock opened at $66.69 on Thursday. Atkore has a one year low of $49.92 and a one year high of $97.32. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.09 and a quick ratio of 2.08. The stock has a fifty day moving average price of $64.62 and a 200 day moving average price of $66.17. The stock has a market cap of $2.24 billion, a P/E ratio of 21.37 and a beta of 2.12.

Atkore Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Friday, December 5th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, December 5th. Atkore’s dividend payout ratio (DPR) is 42.31%.

Insider Transactions at Atkore

In other news, insider Mark F. Lamps sold 1,000 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $64.75, for a total transaction of $64,750.00. Following the completion of the transaction, the insider directly owned 29,923 shares of the company’s stock, valued at approximately $1,937,514.25. This trade represents a 3.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.99% of the stock is owned by company insiders.

Institutional Investors Weigh In On Atkore

Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in shares of Atkore by 1.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,036,079 shares of the company’s stock worth $64,998,000 after buying an additional 18,951 shares during the period. Bank of America Corp DE grew its holdings in shares of Atkore by 3.0% in the 2nd quarter. Bank of America Corp DE now owns 450,186 shares of the company’s stock worth $31,761,000 after purchasing an additional 13,061 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Atkore by 40.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 427,235 shares of the company’s stock worth $26,805,000 after purchasing an additional 123,150 shares during the last quarter. Orbis Allan Gray Ltd increased its position in shares of Atkore by 45.0% during the 2nd quarter. Orbis Allan Gray Ltd now owns 364,011 shares of the company’s stock worth $25,681,000 after purchasing an additional 112,981 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Atkore by 1.2% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 343,035 shares of the company’s stock valued at $21,521,000 after purchasing an additional 4,114 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms recently issued reports on ATKR. KeyCorp reiterated a “sector weight” rating on shares of Atkore in a research note on Friday, November 14th. Weiss Ratings downgraded shares of Atkore from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 24th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Atkore presently has an average rating of “Hold” and an average price target of $79.57.

Atkore Company Profile

Atkore Inc engages in the manufacture and sale of electrical, mechanical, safety, and infrastructure products and solutions in the United States and internationally. The company offers conduits, cables, and installation accessories. It also designs and manufactures protection and reliability solutions for critical infrastructure, such as metal framing, mechanical pipe, perimeter security, and cable management.