Atkore (ATKR) Stock Price, News & Analysis

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Atkore in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ATKR shares.
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3 brokerages have issued 12-month price objectives for Atkore's stock. Their ATKR share price targets range from $186.00 to $200.00. On average, they predict the company's share price to reach $191.00 in the next year. This suggests a possible upside of 11.5% from the stock's current price.
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Atkore's stock was trading at $160.00 on January 1st, 2024. Since then, ATKR stock has increased by 7.1% and is now trading at $171.32.
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Atkore saw a increase in short interest in February. As of February 29th, there was short interest totaling 5,340,000 shares, an increase of 9.0% from the February 14th total of 4,900,000 shares. Based on an average trading volume of 446,300 shares, the days-to-cover ratio is currently 12.0 days. Approximately 14.7% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our ATKR earnings forecast.

Atkore will be holding an earnings conference call on Tuesday, May 7th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 609-800-9909 with passcode "5952899".

Atkore Inc. (NYSE:ATKR) issued its quarterly earnings results on Thursday, February, 1st. The company reported $4.12 EPS for the quarter, beating analysts' consensus estimates of $3.08 by $1.04. The company had revenue of $798.50 million for the quarter, compared to analyst estimates of $777.05 million. Atkore had a net margin of 18.80% and a trailing twelve-month return on equity of 46.79%. Atkore's revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.51 EPS.

Atkore declared a quarterly dividend on Tuesday, January 30th. Shareholders of record on Tuesday, February 27th will be paid a dividend of $0.32 per share on Friday, March 15th. This represents a $1.28 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Monday, February 26th.
Read our dividend analysis for ATKR.

Atkore (NYSE:ATKR) pays an annual dividend of $1.28 per share and currently has a dividend yield of 0.75%. The dividend payout ratio is 7.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ATKR will have a dividend payout ratio of 7.80% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ATKR.

ETFs with the largest weight of Atkore (NYSE:ATKR) stock in their portfolio include The Acquirers Fund (ZIG), First Trust RBA American Industrial Renaissance ETF (AIRR), Ballast Small/Mid Cap ETF (MGMT), Euclidean Fundamental Value ETF (ECML), Corbett Road Tactical Opportunity ETFNew (OPPX), Innovator IBD Breakout Opportunities ETF (BOUT), WisdomTree U.S. Growth & Momentum Fund (WGRO) and Invesco Global Clean Energy ETF (PBD).

Atkore updated its FY24 earnings guidance on Thursday, February, 1st. The company provided earnings per share (EPS) guidance of $16.50-$17.50 for the period, compared to the consensus EPS estimate of $16.71.

27 employees have rated Atkore Chief Executive Officer William E Waltz on Glassdoor.com. William E Waltz has an approval rating of 94% among the company's employees. This puts William E Waltz in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Atkore investors own include Advanced Micro Devices (AMD), Alibaba Group (BABA), NVIDIA (NVDA), Intel (INTC), Altria Group (MO), Pfizer (PFE), Block (SQ), AT&T (T), AbbVie (ABBV) and Applied Materials (AMAT).

Atkore (ATKR) raised $252 million in an initial public offering on Friday, June 10th 2016. The company issued 12,000,000 shares at $20.00-$22.00 per share. Credit Suisse, Deutsche Bank Securities, J.P. Morgan and UBS Investment Bank acted as the underwriters for the IPO and Citigroup, RBC Capital Markets and Wells Fargo Securities were co-managers.

Atkore's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Ausbil Investment Management Ltd (0.06%), Los Angeles Capital Management LLC (0.04%), Park Avenue Securities LLC (0.02%), Banque Cantonale Vaudoise (0.01%), RFG Advisory LLC (0.01%) and Steph & Co. (0.00%). Insiders that own company stock include A Mark Zeffiro, Daniel S Kelly, David Paul Johnson, John W Pregenzer, Justin A Kershaw, Leangela W Lowe, Mark F Lamps, Scott H Muse, Wilbert W James Jr, William E Jr Waltz and William Vanarsdale.
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Shares of ATKR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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