Atkore (NYSE:ATKR) Upgraded at Wall Street Zen

Atkore (NYSE:ATKR) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other brokerages have also recently weighed in on ATKR. KeyCorp reaffirmed a “sector weight” rating on shares of Atkore in a research note on Friday, November 14th. Royal Bank Of Canada set a $71.00 target price on Atkore in a report on Wednesday. Roth Mkm lifted their target price on Atkore from $71.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday. Weiss Ratings reissued a “sell (d)” rating on shares of Atkore in a research report on Monday, December 29th. Finally, CJS Securities raised shares of Atkore to a “strong-buy” rating in a research note on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $73.40.

Atkore Price Performance

Atkore stock opened at $67.93 on Friday. The company’s 50 day simple moving average is $67.05 and its 200-day simple moving average is $65.05. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of -48.87 and a beta of 1.60. Atkore has a 1 year low of $49.92 and a 1 year high of $80.06. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.13 and a current ratio of 3.42.

Atkore (NYSE:ATKR) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $0.83 earnings per share for the quarter, topping 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 firm had revenue of $655.55 million during the quarter, compared to analysts’ expectations of $650.09 million. During the same quarter last year, the company posted $1.63 EPS. The firm’s quarterly revenue was down .9% on a year-over-year basis. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. As a group, equities research analysts expect that Atkore will post 5.79 earnings per share for the current year.

Insider Buying and Selling at Atkore

In related news, insider Mark F. Lamps sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $64.75, for a total value of $64,750.00. Following the sale, the insider owned 29,923 shares of the company’s stock, valued at $1,937,514.25. This trade represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Atkore

A number of large investors have recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Atkore during the 2nd quarter worth $28,000. Kestra Investment Management LLC raised its stake in Atkore by 710.9% in the second quarter. Kestra Investment Management LLC now owns 446 shares of the company’s stock valued at $31,000 after buying an additional 391 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Atkore by 1,263.2% during the 3rd 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 position in shares of Atkore during the 1st quarter worth about $36,000. Finally, Jones Financial Companies Lllp increased 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 valued at $39,000 after acquiring 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.