Atkore Inc. $ATKR Shares Sold by Caxton Associates LLP

Caxton Associates LLP cut its stake in shares of Atkore Inc. (NYSE:ATKR) by 21.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,876 shares of the company’s stock after selling 6,644 shares during the period. Caxton Associates LLP owned approximately 0.07% of Atkore worth $1,465,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Coliseum Capital Management LLC acquired a new position in shares of Atkore in the fourth quarter valued at approximately $51,189,000. Earnest Partners LLC purchased a new stake in shares of Atkore during the fourth quarter worth approximately $49,571,000. Oslo Pensjonsforsikring AS acquired a new stake in shares of Atkore during the first quarter worth $22,209,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Atkore during the third quarter worth $21,214,000. Finally, New York State Common Retirement Fund lifted its holdings in shares of Atkore by 1,166.1% during the fourth quarter. New York State Common Retirement Fund now owns 345,828 shares of the company’s stock worth $21,874,000 after purchasing an additional 318,514 shares during the period.

Atkore Stock Performance

NYSE:ATKR opened at $76.44 on Friday. The company has a quick ratio of 2.02, a current ratio of 2.64 and a debt-to-equity ratio of 0.59. Atkore Inc. has a fifty-two week low of $53.49 and a fifty-two week high of $90.16. The stock has a market cap of $2.58 billion, a PE ratio of -21.35 and a beta of 1.68. The firm’s fifty day simple moving average is $77.10 and its 200-day simple moving average is $70.56.

Atkore (NYSE:ATKR) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.23. Atkore had a negative net margin of 4.19% and a positive return on equity of 9.22%. The business had revenue of $731.38 million during the quarter, compared to the consensus estimate of $714.18 million. During the same quarter last year, the firm posted $2.04 EPS. The business’s 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. Analysts expect that Atkore Inc. will post 4.75 earnings per share for the current fiscal year.

Atkore Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th were issued a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $1.32 dividend on an annualized basis and a yield of 1.7%. Atkore’s dividend payout ratio (DPR) is -36.87%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ATKR shares. Wall Street Zen raised shares of Atkore from a “hold” rating to a “buy” rating in a research note on Sunday. Weiss Ratings restated a “sell (d)” rating on shares of Atkore in a research note on Friday, May 1st. Citigroup raised their target price on shares of Atkore from $74.00 to $86.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada set a $76.00 target price on shares of Atkore in a report on Thursday, July 16th. 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $138.33.

Insider Transactions at Atkore

In other news, Director Justin A. Kershaw sold 2,799 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $73.67, for a total transaction of $206,202.33. Following the sale, the director owned 18,610 shares of the company’s stock, valued at $1,370,998.70. The trade was a 13.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Wilbert W. James, Jr. sold 3,299 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $73.61, for a total value of $242,839.39. Following the completion of the sale, the director owned 17,063 shares in the company, valued at approximately $1,256,007.43. This represents a 16.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.10% of the company’s stock.

Atkore 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.