Allspring Global Investments Holdings LLC Trims Holdings in Atkore Inc. $ATKR

Key Points

• Allspring trimmed its stake by 76.7%, selling 533,288 Atkore shares in Q4 and retaining 162,343 shares worth about $10.46 million (roughly 0.48% of the company).
• Atkore beat quarterly estimates with EPS of $0.83 versus $0.64 expected and revenue of $655.6M, and it set FY2026 guidance of $5.05–$5.55 per share (analysts average ~$5.79).
• The firm recently paid a quarterly dividend of $0.33 (annualized $1.32), equal to a ~2.1% yield.

Allspring Global Investments Holdings LLC reduced its position in shares of Atkore Inc. (NYSE:ATKR - Free Report) by 76.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 162,343 shares of the company's stock after selling 533,288 shares during the period. Allspring Global Investments Holdings LLC owned 0.48% of Atkore worth $10,460,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. California State Teachers Retirement System lifted its stake in shares of Atkore by 0.7% during the second quarter. California State Teachers Retirement System now owns 33,067 shares of the company's stock valued at $2,333,000 after buying an additional 214 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of Atkore by 15.4% during the second quarter. Osaic Holdings Inc. now owns 1,794 shares of the company's stock worth $127,000 after purchasing an additional 240 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Atkore by 61.8% in the first quarter. Jones Financial Companies Lllp now owns 644 shares of the company's stock valued at $39,000 after purchasing an additional 246 shares during the period. Matrix Trust Co grew its position in shares of Atkore by 6.2% in the third quarter. Matrix Trust Co now owns 4,391 shares of the company's stock valued at $275,000 after purchasing an additional 258 shares during the period. Finally, Alliancebernstein L.P. increased its stake in Atkore by 0.8% in the third quarter. Alliancebernstein L.P. now owns 39,362 shares of the company's stock valued at $2,470,000 after purchasing an additional 302 shares during the last quarter.

Insider Activity at Atkore

In other news, insider Mark F. Lamps sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $65.78, for a total transaction of $65,780.00. Following the completion of the sale, the insider owned 35,982 shares of the company's stock, valued at approximately $2,366,895.96. This trade represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.10% of the company's stock.

Atkore Price Performance

ATKR opened at $61.43 on Monday. Atkore Inc. has a 52-week low of $49.92 and a 52-week high of $80.06. The company has a market cap of $2.07 billion, a P/E ratio of -44.19 and a beta of 1.54. The company has a quick ratio of 2.40, a current ratio of 3.42 and a debt-to-equity ratio of 0.54. The company has a 50 day moving average of $63.52 and a two-hundred day moving average of $64.84.

Atkore (NYSE:ATKR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.19. The company had revenue of $655.55 million for the quarter, compared to analyst estimates of $650.09 million. Atkore had a negative net margin of 1.63% and a positive return on equity of 11.27%. The business's quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the firm posted $1.63 earnings per share. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. On average, analysts expect that Atkore Inc. will post 5.79 earnings per share for the current year.

Atkore Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, February 17th. Atkore's dividend payout ratio is presently -94.96%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ATKR shares. Royal Bank Of Canada set a $71.00 price target on Atkore in a research note on Wednesday, February 4th. CJS Securities raised shares of Atkore to a "strong-buy" rating in a research note on Thursday, December 11th. Roth Mkm increased their price objective on shares of Atkore from $71.00 to $77.00 and gave the stock a "buy" rating in a report on Wednesday, February 4th. Weiss Ratings reissued a "sell (d)" rating on shares of Atkore in a research report on Monday, December 29th. Finally, Wall Street Zen downgraded shares of Atkore from a "buy" rating to a "hold" rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price 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.

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