Atkore (NYSE:ATKR) Shares Gap Down on Disappointing Earnings

Shares of Atkore Inc. (NYSE:ATKR) gapped down before the market opened on Thursday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $66.53, but opened at $64.64. Atkore shares last traded at $61.39, with a volume of 303,677 shares.

The company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.61). The firm had revenue of $752.01 million for the quarter, compared to analyst estimates of $733.61 million. Atkore had a net margin of 3.89% and a return on equity of 16.16%. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.43 earnings per share. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. Q1 2026 guidance at 0.550-0.750 EPS.

Atkore Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Friday, December 5th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, December 5th. Atkore’s payout ratio is 42.31%.

Analyst Ratings Changes

ATKR has been the subject of a number of recent research reports. KeyCorp restated a “sector weight” rating on shares of Atkore in a report on Friday, November 14th. Weiss Ratings lowered Atkore from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 24th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Atkore currently has an average rating of “Hold” and a consensus target price of $79.57.

Insiders Place Their Bets

In related news, insider Mark F. Lamps sold 1,000 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $64.75, for a total value of $64,750.00. Following the transaction, the insider owned 29,923 shares in the company, valued at $1,937,514.25. The trade was a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.99% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ATKR. Bayforest Capital Ltd acquired a new stake in Atkore in the 2nd quarter valued at $1,083,000. CWM LLC lifted its stake in shares of Atkore by 952.0% in the first quarter. CWM LLC now owns 5,565 shares of the company’s stock valued at $334,000 after buying an additional 5,036 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Atkore in the second quarter valued at $298,000. Signal Advisors Wealth LLC acquired a new position in shares of Atkore during the second quarter valued at about $671,000. Finally, Aviance Capital Partners LLC increased its position in shares of Atkore by 26.7% during the second quarter. Aviance Capital Partners LLC now owns 20,098 shares of the company’s stock worth $1,418,000 after acquiring an additional 4,231 shares in the last quarter.

Atkore Trading Down 9.1%

The company has a quick ratio of 2.08, a current ratio of 3.09 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $2.04 billion, a P/E ratio of 19.41 and a beta of 2.12. The firm’s 50-day moving average price is $64.62 and its 200 day moving average price is $66.17.

About Atkore

Atkore Inc engages in the manufacture and sale of electrical, mechanical, safety, and infrastructure products and solutions in the United States and internationally. The company offers conduits, cables, and installation accessories. It also designs and manufactures protection and reliability solutions for critical infrastructure, such as metal framing, mechanical pipe, perimeter security, and cable management.