London Co. of Virginia Trims Position in Atkore Inc. $ATKR

London Co. of Virginia lowered its holdings in Atkore Inc. (NYSE:ATKR) by 8.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 377,623 shares of the company’s stock after selling 34,106 shares during the period. London Co. of Virginia’s holdings in Atkore were worth $22,246,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ATKR. Kestra Investment Management LLC increased its stake in Atkore by 710.9% in the second quarter. Kestra Investment Management LLC now owns 446 shares of the company’s stock valued at $31,000 after purchasing an additional 391 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in 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 buying an additional 480 shares during the last quarter. Strs Ohio purchased a new stake in Atkore in the 1st quarter valued at about $36,000. Jones Financial Companies Lllp grew its holdings in Atkore by 61.8% in the 1st 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. Finally, Kestra Advisory Services LLC acquired a new position in shares of Atkore during the 4th quarter valued at about $77,000.

Insider Activity

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada set a $76.00 price objective on shares of Atkore in a report on Thursday, July 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Atkore in a research report on Friday, May 1st. Citigroup increased their price target 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, Wall Street Zen upgraded shares of Atkore from a “hold” rating to a “buy” rating in a report on Sunday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $138.33.

Atkore Stock Performance

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

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 the consensus estimate of $1.00 by $0.23. Atkore had a positive return on equity of 9.22% and a negative net margin of 4.19%.The firm had revenue of $731.38 million during the quarter, compared to the consensus estimate of $714.18 million. During the same period in the prior year, the firm earned $2.04 EPS. The firm’s quarterly 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. As a group, equities research 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. Stockholders of record on Tuesday, May 19th were paid a $0.33 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.7%. Atkore’s dividend payout ratio (DPR) is -36.87%.

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.