Atkore (ATKR) stock declined due to worse-than-expected results and lowered guidance

From Yahoo Finance: 2025-04-02 09:35:00

River Road Asset Management released its Q4 2024 investor letter, reporting a return of 3.67% for its Small Cap Value Fund compared to -0.26% for the Russell 2500TM Value Index. The fund returned 12.46% for the year, outperforming the Index. Top five holdings are detailed in the report.

In its investor letter, River Road Small-Mid Cap Value Fund highlighted Atkore Inc. (NYSE:ATKR), a manufacturer of electrical products. ATKR stock had a one-month return of -5.28% and lost 68.55% of its value over the last 52 weeks. On April 1, 2025, ATKR stock closed at $60.02 per share.

The Q4 2024 investor letter from River Road Small-Mid Cap Value Fund mentioned Atkore Inc. (NYSE:ATKR) as a holding with low contribution to active return. ATKR faced challenges in Q3 2024 due to steel conduit imports and market share loss, affecting revenues. The company has maintained a strong balance sheet amidst market challenges.

Atkore Inc. (NYSE:ATKR) is not among the 30 Most Popular Stocks Among Hedge Funds. 32 hedge fund portfolios held ATKR at the end of Q4 2024. In Q1 2025, ATKR reported net sales of $662 million and adjusted EBITDA of $99 million. The potential for AI stocks to deliver higher returns is noted.

Read more: Atkore (ATKR) Declined on Worse-Than-Expected Results and Lowered Guidance