Atkore Inc. is a manufacturer of electrical products for the non-residential construction and renovation markets, as well as residential markets, and safety and infrastructure products for the construction and industrial markets. The Company’s segments include Electrical and Safety & Infrastructure. The Electrical segment manufactures products used in the construction of electrical power systems including conduit, cable and installation accessories. This segment serves contractors in partnership with the electrical wholesale channel. The Safety & Infrastructure segment designs and manufactures solutions including metal framing, mechanical pipe, perimeter security and cable management for the protection and reliability of critical infrastructure. These solutions are marketed to contractors, OEMs, and end-users. It manufactures products in 42 facilities and operate a total footprint of over 8.5 million square feet of manufacturing and distribution space in eight countries.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 7.38%.
Overvalued
The company’s latest PE is 18.47, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 35.30M shares, decreasing 24.55% quarter-over-quarter.
Held by The Vanguard
Star Investor The Vanguard holds 3.48M shares of this stock.
Higher Market Activity
The company has more investor interest, with a 20-day turnover ratio of 0.38.