Atkore (NYSE:ATKR) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Atkore (NYSE:ATKR) from a buy rating to a hold rating in a report published on Saturday morning.

Other equities analysts have also recently issued reports about the stock. Royal Bank Of Canada set a $71.00 price target on shares of Atkore in a research report on Wednesday, February 4th. Citigroup lifted their price target 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. CJS Securities raised shares of Atkore to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Atkore in a research report on Monday, December 29th. Finally, Roth Mkm boosted their price objective on shares of Atkore from $71.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $75.50.

Atkore Trading Up 1.9%

Shares of NYSE ATKR opened at $62.71 on Friday. The company’s fifty day moving average is $63.35 and its 200-day moving average is $64.85. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of -45.11 and a beta of 1.54. Atkore has a twelve month low of $49.92 and a twelve month high of $80.06. The company has a quick ratio of 2.40, a current ratio of 3.42 and a debt-to-equity ratio of 0.54.

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 analysts’ consensus estimates 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 business’s quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the firm posted $1.63 earnings per share. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. Equities research analysts predict that Atkore will post 5.79 EPS for the current year.

Atkore Dividend Announcement

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

Insider Buying and Selling

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 sale, the insider directly owned 35,982 shares of the company’s stock, valued at approximately $2,366,895.96. The trade was a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Atkore

Several institutional investors have recently added to or reduced their stakes in the stock. Sankala Group LLC acquired a new stake in Atkore in the 4th quarter valued at $773,000. Dean Capital Management increased its stake in Atkore by 4.4% in the 4th quarter. Dean Capital Management now owns 18,921 shares of the company’s stock valued at $1,197,000 after buying an additional 796 shares during the last quarter. Invesco Ltd. increased its stake in Atkore by 17.6% in the 4th quarter. Invesco Ltd. now owns 103,765 shares of the company’s stock valued at $6,563,000 after buying an additional 15,492 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in Atkore in the 4th quarter valued at $232,000. Finally, CacheTech Inc. increased its stake in Atkore by 6.1% in the 4th quarter. CacheTech Inc. now owns 47,076 shares of the company’s stock valued at $2,978,000 after buying an additional 2,706 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.