Atkore Inc. (NYSE:ATKR) Receives $81.67 Consensus Price Target from Analysts

Atkore Inc. (NYSE:ATKR) has been given a consensus rating of “Hold” by the six ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $81.6667.

ATKR has been the subject of a number of recent analyst reports. Wall Street Zen raised Atkore from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of Atkore in a report on Friday, May 1st. Citigroup raised their price objective on shares of Atkore from $74.00 to $86.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada upped their target price on shares of Atkore from $71.00 to $82.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 6th.

Atkore Price Performance

Shares of NYSE:ATKR opened at $68.89 on Thursday. Atkore has a 52 week low of $53.49 and a 52 week high of $90.16. The company has a 50-day moving average price of $77.96 and a 200 day moving average price of $69.77. The company has a market cap of $2.33 billion, a P/E ratio of -19.36 and a beta of 1.68. The company has a quick ratio of 2.02, a current ratio of 2.64 and a debt-to-equity ratio of 0.59.

Atkore (NYSE:ATKR) last issued its earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.23. The business had revenue of $731.38 million during the quarter, compared to the consensus estimate of $714.18 million. Atkore had a positive return on equity of 9.22% and a negative net margin of 4.19%.The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.04 EPS. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. Research analysts predict that Atkore will post 4.75 earnings per share for the current year.

Atkore Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th were issued a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $1.32 annualized dividend and a yield of 1.9%. Atkore’s dividend payout ratio is -36.87%.

Insider Buying and Selling at Atkore

In other news, Director Justin A. Kershaw sold 2,799 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $73.67, for a total value of $206,202.33. Following the sale, the director directly owned 18,610 shares in the company, valued at $1,370,998.70. This represents a 13.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Wilbert W. James, Jr. sold 3,299 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $73.61, for a total value of $242,839.39. Following the completion of the transaction, the director owned 17,063 shares of the company’s stock, valued at $1,256,007.43. The trade was a 16.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Atkore

Several hedge funds and other institutional investors have recently bought and sold shares of ATKR. Kestra Investment Management LLC boosted its stake in shares of Atkore by 710.9% during the 2nd quarter. Kestra Investment Management LLC now owns 446 shares of the company’s stock valued at $31,000 after buying an additional 391 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Atkore by 1,263.2% in the third quarter. Caitong International Asset Management Co. Ltd now owns 518 shares of the company’s stock worth $32,000 after buying an additional 480 shares during the last quarter. Strs Ohio acquired a new stake in Atkore in the first quarter valued at $36,000. Jones Financial Companies Lllp raised its holdings in 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 acquiring an additional 246 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Atkore during the 4th quarter valued at $77,000.

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.