Atkore (NYSE:ATKR) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of Atkore Inc. (NYSE:ATKR) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $64.78 and traded as low as $58.37. Atkore shares last traded at $61.4290, with a volume of 335,136 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Citigroup raised their price target on Atkore from $64.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. CJS Securities raised Atkore to a “strong-buy” rating in a research note on Thursday, December 11th. Wall Street Zen cut shares of Atkore from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Atkore in a research note on Monday, December 29th. Finally, Royal Bank Of Canada set a $71.00 price target on shares of Atkore in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $75.50.

Atkore Trading Down 0.1%

The stock has a 50 day moving average price of $63.52 and a 200 day moving average price of $64.80. 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 company has a market cap of $2.07 billion, a PE ratio of -44.19 and a beta of 1.54.

Atkore (NYSE:ATKR) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $655.55 million for the quarter, compared to analysts’ expectations of $650.09 million. During the same quarter in the previous year, the business posted $1.63 earnings per share. Atkore’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. Sell-side analysts predict that Atkore Inc. will post 5.79 EPS for the current fiscal year.

Atkore Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 17th were issued a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.1%. Atkore’s dividend payout ratio (DPR) is presently -94.96%.

Insider Buying and Selling

In other Atkore news, insider Mark F. Lamps sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $65.78, for a total transaction of $65,780.00. Following the sale, the insider directly owned 35,982 shares of the company’s stock, valued at $2,366,895.96. The trade was a 2.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Atkore

Institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System increased its position in shares of Atkore by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 33,067 shares of the company’s stock valued at $2,333,000 after purchasing an additional 214 shares during the last quarter. Adams Wealth Management lifted its position in Atkore by 0.5% in the fourth quarter. Adams Wealth Management now owns 40,726 shares of the company’s stock worth $2,576,000 after buying an additional 220 shares during the last quarter. Osaic Holdings Inc. boosted its stake 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 buying an additional 240 shares during the period. Jones Financial Companies Lllp boosted its stake in Atkore by 61.8% during the first quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock worth $39,000 after buying an additional 246 shares during the period. Finally, Matrix Trust Co increased its position in Atkore by 6.2% during the third quarter. Matrix Trust Co now owns 4,391 shares of the company’s stock valued at $275,000 after acquiring an additional 258 shares during the last quarter.

About Atkore

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.