Dimensional Fund Advisors LP Has $72.34 Million Stock Position in Atkore Inc. $ATKR

Dimensional Fund Advisors LP lifted its stake in shares of Atkore Inc. (NYSE:ATKR) by 8.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,227,991 shares of the company’s stock after purchasing an additional 97,514 shares during the period. Dimensional Fund Advisors LP’s holdings in Atkore were worth $72,341,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Kestra Investment Management LLC grew its stake in shares of Atkore by 710.9% in the second quarter. Kestra Investment Management LLC now owns 446 shares of the company’s stock valued at $31,000 after buying an additional 391 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in 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 acquiring an additional 480 shares during 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 position in shares of Atkore by 61.8% in the 1st quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock valued at $39,000 after acquiring an additional 246 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in shares of Atkore during the 4th quarter worth about $77,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ATKR. Wall Street Zen raised shares of Atkore from a “hold” rating to a “buy” rating in a report on Sunday, July 26th. Citigroup boosted their price target on Atkore from $74.00 to $86.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Weiss Ratings restated a “sell (d)” rating on shares of Atkore in a research note on Wednesday. Finally, Royal Bank Of Canada set a $76.00 price objective on Atkore in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $138.33.

Atkore Price Performance

Shares of NYSE ATKR opened at $72.90 on Friday. The firm has a market cap of $2.46 billion, a P/E ratio of -20.36 and a beta of 1.68. The business’s 50 day moving average is $76.82 and its 200-day moving average is $70.79. The company has a current ratio of 2.64, a quick ratio of 2.02 and a debt-to-equity ratio of 0.59. Atkore Inc. has a 1-year low of $53.49 and a 1-year high of $90.16.

Atkore (NYSE:ATKR) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share (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 business had revenue of $731.38 million during the quarter, compared to the consensus estimate of $714.18 million. During the same period in the previous year, the company posted $2.04 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. Equities research analysts predict that Atkore Inc. will post 4.75 earnings per share for the current year.

Atkore Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, August 18th. Atkore’s payout ratio is presently -36.87%.

Insider Transactions at Atkore

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

About Atkore

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.