Ausbil Investment Management Ltd Cuts Position in Atkore Inc. $ATKR

Ausbil Investment Management Ltd decreased its holdings in shares of Atkore Inc. (NYSE:ATKR) by 32.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,545 shares of the company’s stock after selling 12,058 shares during the period. Ausbil Investment Management Ltd owned 0.07% of Atkore worth $1,552,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. 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 worth $31,000 after acquiring an additional 391 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Atkore by 1,263.2% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 518 shares of the company’s stock worth $32,000 after purchasing an additional 480 shares during the last quarter. Strs Ohio purchased a new position in shares of Atkore in the 1st quarter worth about $36,000. Jones Financial Companies Lllp boosted its stake in Atkore by 61.8% in the 1st quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock worth $39,000 after purchasing an additional 246 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new position in Atkore in the 3rd quarter worth about $80,000.

Atkore Trading Down 0.2%

NYSE:ATKR opened at $60.79 on Friday. The company has a market cap of $2.05 billion, a PE ratio of -43.73 and a beta of 1.54. The company has a current ratio of 3.42, a quick ratio of 2.40 and a debt-to-equity ratio of 0.54. The company has a 50 day simple moving average of $65.01 and a two-hundred day simple moving average of $64.81. Atkore Inc. has a 12 month low of $49.92 and a 12 month high of $80.06.

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

Atkore Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th were issued a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $1.32 dividend on an annualized basis and a yield of 2.2%. Atkore’s dividend payout ratio is currently -94.96%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ATKR shares. Weiss Ratings reissued a “sell (d)” rating on shares of Atkore in a research report on Monday, December 29th. Citigroup upped their price objective on Atkore from $64.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. CJS Securities upgraded Atkore to a “strong-buy” rating in a research note on Thursday, December 11th. Wall Street Zen raised Atkore from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Roth Mkm upped their price target on Atkore from $71.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. One 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 given a Sell rating to the stock. According to MarketBeat.com, Atkore presently has an average rating of “Hold” and a consensus target price of $75.50.

Insider Transactions at Atkore

In other Atkore news, insider Mark F. Lamps sold 1,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was 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 in the company, valued at $2,366,895.96. The trade was a 2.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.10% of the company’s stock.

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.