Insider Selling: Atkore (NYSE:ATKR) Insider Sells 1,000 Shares of Stock

Atkore Inc. (NYSE:ATKR) insider Mark Lamps sold 1,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $65.78, for a total transaction of $65,780.00. Following the completion of the sale, the insider directly owned 35,982 shares of the company’s stock, valued at $2,366,895.96. This represents a 2.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Atkore Stock Performance

Shares of ATKR traded down $0.33 during mid-day trading on Tuesday, hitting $66.33. 268,918 shares of the company’s stock were exchanged, compared to its average volume of 376,365. 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 Inc. has a 52 week low of $49.92 and a 52 week high of $80.06. The stock’s 50-day simple moving average is $67.26 and its 200-day simple moving average is $64.39. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of -47.72 and a beta of 1.60.

Atkore (NYSE:ATKR) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.19. Atkore had a positive return on equity of 11.27% and a negative net margin of 1.63%.The business had revenue of $655.55 million during the quarter, compared to analysts’ expectations of $650.09 million. During the same period in the previous year, the company posted $1.63 earnings per share. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. On average, equities research analysts expect that Atkore Inc. will post 5.79 EPS for the current year.

Atkore Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be given a $0.33 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.0%. Atkore’s dividend payout ratio (DPR) is presently -94.96%.

Hedge Funds Weigh In On Atkore

Institutional investors and hedge funds have recently bought and sold shares of the company. Coliseum Capital Management LLC acquired a new stake in shares of Atkore during the fourth quarter valued at about $51,189,000. Laurion Capital Management LP bought a new position in Atkore in the 4th quarter valued at approximately $683,000. Osaic Holdings Inc. boosted its position in Atkore by 29.2% during the 4th quarter. Osaic Holdings Inc. now owns 2,143 shares of the company’s stock worth $136,000 after buying an additional 484 shares during the period. Dean Investment Associates LLC grew its holdings in Atkore by 26.6% during the 4th quarter. Dean Investment Associates LLC now owns 27,819 shares of the company’s stock worth $1,760,000 after acquiring an additional 5,838 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. bought a new stake in Atkore during the 4th quarter worth approximately $18,785,000.

Analyst Ratings Changes

A number of brokerages have issued reports on ATKR. Weiss Ratings reiterated a “sell (d)” rating on shares of Atkore in a research note on Monday, December 29th. CJS Securities upgraded shares of Atkore to a “strong-buy” rating in a research report on Thursday, December 11th. Royal Bank Of Canada set a $71.00 price objective on shares of Atkore in a research note on Wednesday, February 4th. Citigroup upped their target price on Atkore from $64.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Finally, Roth Mkm lifted their price target on Atkore from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. One investment 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 stock. Based on data from MarketBeat, Atkore presently has an average rating of “Hold” and a consensus target price of $75.50.

Atkore Company 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.