Atkore Inc. (NYSE:ATKR) Receives Consensus Rating of “Hold” from Analysts

Atkore Inc. (NYSE:ATKR) has earned an average rating of “Hold” from the six analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $138.3333.

Several research firms have weighed in on ATKR. Citigroup boosted their price target on Atkore from $74.00 to $86.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada set a $76.00 target price on shares of Atkore in a report on Thursday, July 16th. Wall Street Zen raised shares of Atkore from a “hold” rating to a “buy” rating in a research report on Sunday, July 26th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Atkore in a research note on Wednesday.

Atkore Trading Down 0.1%

Atkore stock opened at $72.90 on Monday. The firm has a 50-day moving average of $76.82 and a 200-day moving average of $70.81. Atkore has a one year low of $53.49 and a one year high of $90.16. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.64 and a quick ratio of 2.02. The company has a market cap of $2.46 billion, a price-to-earnings ratio of -20.36 and a beta of 1.68.

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

Atkore Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, August 18th. Atkore’s dividend payout ratio is presently -36.87%.

Insider Transactions at Atkore

In other Atkore news, Director Justin A. Kershaw sold 2,799 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $73.67, for a total transaction of $206,202.33. Following the transaction, the director owned 18,610 shares of the company’s stock, valued at $1,370,998.70. The trade was a 13.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Wilbert W. James, Jr. sold 3,299 shares of the company’s stock in a transaction that occurred 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 sale, the director owned 17,063 shares in the company, valued at $1,256,007.43. This represents a 16.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers raised its stake in Atkore by 2.8% in the 1st quarter. Cetera Investment Advisers now owns 5,212 shares of the company’s stock valued at $307,000 after acquiring an additional 143 shares during the period. California State Teachers Retirement System boosted its position in Atkore by 0.7% during the second quarter. California State Teachers Retirement System now owns 33,067 shares of the company’s stock worth $2,333,000 after purchasing an additional 214 shares during the period. Adams Wealth Management boosted its position in Atkore by 0.5% during the fourth quarter. Adams Wealth Management now owns 40,726 shares of the company’s stock worth $2,576,000 after purchasing an additional 220 shares during the period. Osaic Holdings Inc. boosted its position in 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 period. Finally, Jones Financial Companies Lllp increased its holdings 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 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.