Atkore Inc. (NYSE:ATKR) Given Average Rating of “Hold” by Brokerages

Shares of Atkore Inc. (NYSE:ATKR) have been assigned an average rating of “Hold” from the six brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $75.50.

ATKR has been the subject of several recent research reports. Weiss Ratings restated a “sell (d)” rating on shares of Atkore in a report on Monday, December 29th. Wall Street Zen raised shares of Atkore from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Citigroup upped their target price on Atkore from $64.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. CJS Securities raised Atkore to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Roth Mkm boosted their price target on Atkore from $71.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th.

Atkore Price Performance

ATKR opened at $65.09 on Friday. Atkore has a 12-month low of $49.92 and a 12-month high of $80.06. The company has a current ratio of 3.42, a quick ratio of 2.40 and a debt-to-equity ratio of 0.54. The business’s fifty day simple moving average is $67.50 and its 200-day simple moving average is $64.55. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of -46.83 and a beta of 1.60.

Atkore (NYSE:ATKR) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.19. Atkore had a positive return on equity of 11.27% and a negative net margin of 1.63%.The firm had revenue of $655.55 million during the quarter, compared to the consensus estimate of $650.09 million. During the same period in the previous year, the company posted $1.63 earnings per share. 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. On average, equities research analysts anticipate that Atkore will post 5.79 earnings per share for the current fiscal year.

Atkore Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be issued a $0.33 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $1.32 dividend on an annualized basis and a yield of 2.0%. Atkore’s payout ratio is currently -94.96%.

Insider Activity at Atkore

In other news, insider Mark F. Lamps sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $65.78, for a total value of $65,780.00. Following the sale, the insider directly owned 35,982 shares in the company, valued at approximately $2,366,895.96. This trade represents a 2.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Atkore

Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Atkore in the second quarter worth $28,000. Kestra Investment Management LLC boosted its position in shares of Atkore by 710.9% in the 2nd quarter. Kestra Investment Management LLC now owns 446 shares of the company’s stock worth $31,000 after purchasing an additional 391 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake 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 Atkore during the 1st quarter valued at about $36,000. Finally, Jones Financial Companies Lllp raised its stake 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 buying 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.