Atkore (NYSE:ATKR) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Atkore Inc. (NYSE:ATKR) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $64.78 and traded as low as $58.37. Atkore shares last traded at $61.4290, with a volume of 335,136 shares trading hands.

Analyst Ratings Changes

Several research firms have recently commented on ATKR. 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. CJS Securities raised shares of Atkore to a “strong-buy” rating in a research note on Thursday, December 11th. Citigroup upped their target price on shares of Atkore from $64.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Weiss Ratings restated a “sell (d)” rating on shares of Atkore in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded Atkore from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $75.50.

Atkore Trading Down 0.1%

The business’s 50 day moving average price is $63.52 and its two-hundred day moving average price is $64.78. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.40 and a current ratio of 3.42. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of -44.19 and a beta of 1.54.

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

Atkore Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were given a dividend of $0.33 per share. The ex-dividend date was Tuesday, February 17th. This represents a $1.32 annualized dividend and a dividend yield of 2.1%. Atkore’s dividend payout ratio (DPR) is -94.96%.

Insider Buying and Selling at Atkore

In other news, insider Mark F. Lamps sold 1,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $65.78, for a total value of $65,780.00. Following the completion of the sale, the insider owned 35,982 shares in the company, valued at $2,366,895.96. This represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 2.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Atkore

Several hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System lifted its holdings in Atkore by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 33,067 shares of the company’s stock valued at $2,333,000 after acquiring an additional 214 shares during the last quarter. Adams Wealth Management boosted its position in shares of Atkore by 0.5% during the 4th quarter. Adams Wealth Management now owns 40,726 shares of the company’s stock valued at $2,576,000 after purchasing an additional 220 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of Atkore by 15.4% in the 2nd 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 raised its holdings in shares of Atkore by 61.8% in the 1st quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock worth $39,000 after purchasing an additional 246 shares in the last quarter. Finally, Matrix Trust Co raised its holdings in shares of Atkore by 6.2% in the 3rd quarter. Matrix Trust Co now owns 4,391 shares of the company’s stock worth $275,000 after purchasing an additional 258 shares in the last quarter.

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.