Atkore Inc. $ATKR Position Increased by DNB Asset Management AS

DNB Asset Management AS raised its holdings in shares of Atkore Inc. (NYSE:ATKRFree Report) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 146,184 shares of the company’s stock after buying an additional 6,856 shares during the period. DNB Asset Management AS’s holdings in Atkore were worth $9,246,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC boosted its holdings 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 buying an additional 391 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in Atkore by 1,263.2% during the third quarter. Caitong International Asset Management Co. Ltd now owns 518 shares of the company’s stock worth $32,000 after buying an additional 480 shares in the last quarter. Strs Ohio bought a new stake in Atkore during the first quarter worth approximately $36,000. Jones Financial Companies Lllp boosted 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 purchasing an additional 246 shares during the period. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Atkore in the 3rd quarter valued at $80,000.

Analysts Set New Price Targets

A number of research firms recently weighed in on ATKR. Citigroup increased their price target on Atkore from $74.00 to $86.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Wall Street Zen upgraded Atkore from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Roth Mkm increased their price target on Atkore from $71.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of Atkore in a research report on Friday, May 1st. Finally, Royal Bank Of Canada increased their price target on Atkore from $71.00 to $82.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Atkore currently has a consensus rating of “Hold” and a consensus price target of $81.67.

Check Out Our Latest Research Report on Atkore

Insiders Place Their Bets

In other Atkore news, Director Justin A. Kershaw sold 2,799 shares of the firm’s 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 completion of the sale, the director directly owned 18,610 shares in the company, valued at approximately $1,370,998.70. This trade represents a 13.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 value of $242,839.39. Following the sale, the director owned 17,063 shares of the company’s stock, valued at $1,256,007.43. The trade was a 16.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 7,098 shares of company stock worth $514,822. 2.10% of the stock is currently owned by company insiders.

Atkore Stock Performance

Atkore stock opened at $74.27 on Monday. The company has a 50 day moving average price of $66.22 and a 200 day moving average price of $66.42. Atkore Inc. has a 52 week low of $53.49 and a 52 week high of $80.06. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.02 and a current ratio of 2.64. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of -20.75 and a beta of 1.67.

Atkore (NYSE:ATKRGet Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the company posted $2.04 EPS. 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. Research analysts forecast that Atkore Inc. will post 4.75 EPS for the current year.

Atkore Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th will be given a dividend of $0.33 per share. The ex-dividend date is Tuesday, May 19th. This represents a $1.32 dividend on an annualized basis and a yield of 1.8%. Atkore’s dividend payout ratio (DPR) is presently -36.87%.

Atkore Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Atkore (NYSE:ATKR)

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