27,889 Shares in Atkore Inc. $ATKR Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new stake in Atkore Inc. (NYSE:ATKR) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 27,889 shares of the company’s stock, valued at approximately $1,750,000. Fox Run Management L.L.C. owned about 0.08% of Atkore at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. California State Teachers Retirement System raised its holdings in shares of Atkore by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 33,067 shares of the company’s stock valued at $2,333,000 after purchasing an additional 214 shares during the period. Osaic Holdings Inc. increased its position in Atkore by 15.4% during the second quarter. Osaic Holdings Inc. now owns 1,794 shares of the company’s stock worth $127,000 after buying an additional 240 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Atkore by 61.8% in the first quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock valued at $39,000 after buying an additional 246 shares during the period. Matrix Trust Co lifted its position in shares of Atkore by 6.2% in the third quarter. Matrix Trust Co now owns 4,391 shares of the company’s stock valued at $275,000 after buying an additional 258 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in shares of Atkore by 8.4% during the 2nd quarter. Arkadios Wealth Advisors now owns 4,111 shares of the company’s stock worth $290,000 after acquiring an additional 317 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada set a $71.00 price target on Atkore in a research note on Wednesday, February 4th. CJS Securities upgraded shares of Atkore to a “strong-buy” rating in a report on Thursday, December 11th. KeyCorp restated a “sector weight” rating on shares of Atkore in a research note on Friday, November 14th. Wall Street Zen raised shares of Atkore from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Atkore in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $75.50.

Insiders Place Their Bets

In other Atkore news, insider Mark F. Lamps sold 1,000 shares of Atkore stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $65.78, for a total value of $65,780.00. Following the completion of the transaction, the insider directly owned 35,982 shares of the company’s stock, valued at $2,366,895.96. The trade was a 2.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is owned by corporate insiders.

Atkore Trading Up 1.6%

ATKR stock opened at $66.21 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.40 and a current ratio of 3.42. The company’s 50-day simple moving average is $67.45 and its 200 day simple moving average is $64.55. Atkore Inc. has a 52 week low of $49.92 and a 52 week high of $80.06. The company has a market capitalization of $2.23 billion, a PE ratio of -47.63 and a beta of 1.60.

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

Atkore Dividend Announcement

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

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.