Analysts Set Atkore Inc. (NYSE:ATKR) Target Price at $68.80

Shares of Atkore Inc. (NYSE:ATKR) have received a consensus rating of “Hold” from the seven research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $73.40.

ATKR has been the topic of several research reports. CJS Securities raised Atkore to a “strong-buy” rating in a research report on Thursday, December 11th. Royal Bank Of Canada set a $71.00 price target on shares of Atkore in a research report on Wednesday. KeyCorp restated a “sector weight” rating on shares of Atkore in a research note on Friday, November 14th. Wall Street Zen upgraded Atkore from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Atkore in a research report on Monday, December 29th.

Atkore Price Performance

NYSE ATKR opened at $67.93 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.40 and a current ratio of 3.42. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of -48.87 and a beta of 1.60. The stock has a 50-day moving average of $67.05 and a 200 day moving average of $64.88. Atkore has a one year low of $49.92 and a one year high of $80.06.

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

Atkore Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Tuesday, February 17th. Atkore’s dividend payout ratio is presently -94.96%.

Insider Activity at Atkore

In related news, insider Mark F. Lamps sold 1,000 shares of Atkore stock in a transaction on Monday, November 17th. The shares were sold at an average price of $64.75, for a total transaction of $64,750.00. Following the transaction, the insider owned 29,923 shares in the company, valued at approximately $1,937,514.25. The trade was a 3.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Atkore

Large investors have recently made changes to their positions in the business. Bayforest Capital Ltd bought a new stake in shares of Atkore in the 2nd quarter worth about $1,083,000. Ruffer LLP bought a new stake in Atkore during the third quarter worth approximately $2,813,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Atkore during the second quarter valued at approximately $298,000. Aviance Capital Partners LLC boosted its holdings in shares of Atkore by 26.7% in the 2nd quarter. Aviance Capital Partners LLC now owns 20,098 shares of the company’s stock worth $1,418,000 after purchasing an additional 4,231 shares during the period. Finally, CWM LLC increased its position in shares of Atkore by 14.2% during the 2nd quarter. CWM LLC now owns 6,357 shares of the company’s stock valued at $448,000 after purchasing an additional 792 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.