Brokerages Set Atkore Inc. (NYSE:ATKR) Target Price at $75.50

Shares of Atkore Inc. (NYSE:ATKR) have earned a consensus rating of “Hold” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $75.50.

A number of analysts recently issued reports on the company. Wall Street Zen raised Atkore from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Royal Bank Of Canada set a $71.00 price objective on Atkore in a research note on Wednesday, February 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Atkore in a report on Monday, December 29th. Roth Mkm raised their target price on shares of Atkore from $71.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Finally, Citigroup raised their target price on shares of Atkore from $64.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th.

Atkore Price Performance

Shares of NYSE:ATKR opened at $60.79 on Tuesday. Atkore has a 12 month low of $49.92 and a 12 month high of $80.06. The firm has a market capitalization of $2.05 billion, a P/E ratio of -43.73 and a beta of 1.54. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.42 and a quick ratio of 2.40. The company’s fifty day moving average price is $65.01 and its 200 day moving average price is $64.81.

Atkore (NYSE:ATKR) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.19. The company had revenue of $655.55 million during the quarter, compared to the consensus estimate of $650.09 million. Atkore had a negative net margin of 1.63% and a positive return on equity of 11.27%. Atkore’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.63 earnings per share. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. As a group, sell-side analysts predict that Atkore will post 5.79 earnings per share for the current fiscal year.

Atkore Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 17th were paid a dividend of $0.33 per share. The ex-dividend date was Tuesday, February 17th. This represents a $1.32 dividend on an annualized basis and a yield of 2.2%. Atkore’s dividend payout ratio is currently -94.96%.

Insider Transactions at Atkore

In other Atkore news, insider Mark F. Lamps sold 1,000 shares of the 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 completion of the sale, the insider directly owned 35,982 shares of the company’s stock, valued at approximately $2,366,895.96. This trade represents a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Atkore

Several hedge funds have recently modified their holdings of the stock. Kestra Investment Management LLC increased its stake in Atkore by 710.9% in the 2nd quarter. Kestra Investment Management LLC now owns 446 shares of the company’s stock valued at $31,000 after buying an additional 391 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in shares of Atkore by 1,263.2% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 518 shares of the company’s stock worth $32,000 after acquiring an additional 480 shares during the period. Strs Ohio purchased a new stake in shares of Atkore in the first quarter valued at about $36,000. Jones Financial Companies Lllp boosted 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 acquiring an additional 246 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in shares of Atkore during the fourth quarter worth about $77,000.

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.