Cambria Investment Management L.P. Buys 15,013 Shares of Atkore Inc. $ATKR

Cambria Investment Management L.P. grew its stake in shares of Atkore Inc. (NYSE:ATKR) by 14.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 115,479 shares of the company’s stock after purchasing an additional 15,013 shares during the quarter. Cambria Investment Management L.P. owned about 0.34% of Atkore worth $7,245,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ATKR. Ruffer LLP acquired a new position in Atkore during the third quarter worth $2,813,000. Allianz Asset Management GmbH raised its position in Atkore by 359.7% during the third quarter. Allianz Asset Management GmbH now owns 37,695 shares of the company’s stock worth $2,365,000 after acquiring an additional 29,495 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in Atkore in the third quarter valued at $36,525,000. Vanguard Group Inc. lifted its stake in Atkore by 8.1% in the third quarter. Vanguard Group Inc. now owns 3,632,594 shares of the company’s stock valued at $227,909,000 after acquiring an additional 273,466 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of Atkore in the 3rd quarter valued at about $1,750,000.

Atkore Price Performance

Shares of ATKR opened at $55.45 on Thursday. The company’s 50-day moving average is $66.22 and its 200-day moving average is $64.82. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.42 and a quick ratio of 2.40. The firm has a market capitalization of $1.87 billion, a PE ratio of -39.89 and a beta of 1.54. Atkore Inc. has a fifty-two week low of $49.92 and a fifty-two week high of $80.06.

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

Atkore Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Tuesday, February 17th. Atkore’s payout ratio is currently -94.96%.

Insider Activity at Atkore

In other news, insider Mark F. Lamps sold 1,000 shares of the company’s stock in a transaction that occurred 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 owned 35,982 shares of the company’s stock, valued at approximately $2,366,895.96. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ATKR shares. Weiss Ratings restated a “sell (d)” rating on shares of Atkore in a research note on Monday, December 29th. Roth Mkm raised their target price on shares of Atkore from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. CJS Securities raised 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 Atkore in a research note on Wednesday, February 4th. Finally, Citigroup upped their price objective on Atkore from $64.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.