Atkore Inc. (NYSE:ATKR) Receives $75.50 Consensus Target Price from Analysts

Atkore Inc. (NYSE:ATKR) has been assigned an average rating of “Hold” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $75.50.

ATKR has been the subject of several research analyst reports. Citigroup lifted their price target on shares of Atkore from $64.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Wall Street Zen upgraded shares of Atkore from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. CJS Securities upgraded Atkore to a “strong-buy” rating in a research note on Thursday, December 11th. Weiss Ratings reissued a “sell (d)” rating on shares of Atkore in a research report on Monday, December 29th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Atkore in a report on Friday, November 14th.

Atkore Trading Down 0.3%

ATKR opened at $62.92 on Friday. 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 stock’s 50 day moving average price is $67.41 and its 200-day moving average price is $64.77. Atkore has a one year low of $49.92 and a one year high of $80.06. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of -45.27 and a beta of 1.54.

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

Atkore Dividend Announcement

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

Insider Buying and Selling at Atkore

In related news, insider Mark F. Lamps sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $65.78, for a total value of $65,780.00. Following the completion of the transaction, the insider directly owned 35,982 shares in the company, valued at $2,366,895.96. The trade was a 2.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.10% of the stock is currently owned by company insiders.

Institutional Trading of Atkore

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Atkore by 8.1% in the third quarter. Vanguard Group Inc. now owns 3,632,594 shares of the company’s stock valued at $227,909,000 after purchasing an additional 273,466 shares during the period. First Trust Advisors LP grew its position in shares of Atkore by 13.9% in the second quarter. First Trust Advisors LP now owns 1,757,797 shares of the company’s stock valued at $124,013,000 after purchasing an additional 213,858 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Atkore by 14.3% in the 3rd quarter. American Century Companies Inc. now owns 1,158,103 shares of the company’s stock worth $72,659,000 after acquiring an additional 144,844 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Atkore by 9.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,130,477 shares of the company’s stock worth $71,503,000 after purchasing an additional 94,398 shares during the last quarter. Finally, LSV Asset Management increased its holdings in shares of Atkore by 5.8% during the 4th quarter. LSV Asset Management now owns 960,450 shares of the company’s stock worth $60,748,000 after buying an additional 52,850 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.