Atkore Inc. $ATKR Shares Sold by EDENTREE ASSET MANAGEMENT Ltd

EDENTREE ASSET MANAGEMENT Ltd decreased its position in Atkore Inc. (NYSE:ATKR) by 20.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 65,450 shares of the company’s stock after selling 16,350 shares during the period. Atkore makes up approximately 1.0% of EDENTREE ASSET MANAGEMENT Ltd’s holdings, making the stock its 29th biggest position. EDENTREE ASSET MANAGEMENT Ltd owned 0.19% of Atkore worth $4,104,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ATKR. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Atkore in the 2nd quarter worth approximately $28,000. Kestra Investment Management LLC boosted its position in Atkore by 710.9% during the 2nd 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 period. Strs Ohio bought a new position in shares of Atkore in the first quarter worth $36,000. Jones Financial Companies Lllp grew its stake in shares of Atkore by 61.8% in the first 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, Elevation Point Wealth Partners LLC acquired a new position in shares of Atkore during the second quarter valued at $97,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ATKR shares. Royal Bank Of Canada set a $71.00 target price on shares of Atkore in a research report on Wednesday, February 4th. Roth Mkm upped their price target on shares of Atkore from $71.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Citigroup increased their price objective on shares of Atkore from $64.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of Atkore in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded Atkore from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. One research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $75.50.

Insider Buying and Selling at Atkore

In related 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 transaction, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 2.10% of the stock is currently owned by corporate insiders.

Atkore Stock Performance

NYSE:ATKR opened at $67.14 on Friday. The company has a 50-day moving average of $67.40 and a 200-day moving average of $64.34. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of -48.30 and a beta of 1.60. The company has a current ratio of 3.42, a quick ratio of 2.40 and a debt-to-equity ratio of 0.54. Atkore Inc. has a twelve month low of $49.92 and a twelve month high of $80.06.

Atkore (NYSE:ATKR) last released its earnings results on Tuesday, February 3rd. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $650.09 million. During the same period in the previous year, the firm earned $1.63 EPS. The business’s revenue for the quarter was down .9% on a year-over-year basis. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. Analysts forecast that Atkore Inc. will post 5.79 earnings per share for the current fiscal year.

Atkore Dividend Announcement

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