Atkore Inc. (NYSE:ATKR) Given Consensus Rating of “Hold” by Analysts

Shares of Atkore Inc. (NYSE:ATKR) have earned an average rating of “Hold” from the six research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $75.50.

Several equities analysts have weighed in on ATKR shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Atkore in a research report on Monday, December 29th. Royal Bank Of Canada set a $71.00 price target on Atkore in a 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 upgraded Atkore from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, Citigroup lifted their target price on Atkore from $64.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th.

Atkore Price Performance

NYSE ATKR opened at $57.96 on Tuesday. The stock’s 50-day moving average price is $65.56 and its two-hundred day moving average price is $64.85. 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 $1.96 billion, a PE ratio of -41.70 and a beta of 1.54. Atkore has a 1 year low of $49.92 and a 1 year high of $80.06.

Atkore (NYSE:ATKR) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $0.83 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 analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.63 earnings per share. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. On average, analysts predict that Atkore will post 5.79 EPS for the current year.

Atkore Announces Dividend

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 dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $1.32 dividend on an annualized basis and a yield of 2.3%. Atkore’s payout ratio is presently -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 shares were sold at an average price of $65.78, for a total value of $65,780.00. Following the completion of the sale, the insider owned 35,982 shares in the company, valued at $2,366,895.96. This represents a 2.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is currently owned by insiders.

Institutional Trading of Atkore

Hedge funds and other institutional investors have recently modified their holdings of the company. Sankala Group LLC purchased a new position in Atkore in the fourth quarter valued at about $773,000. Dean Capital Management raised its stake in shares of Atkore by 4.4% during the 4th quarter. Dean Capital Management now owns 18,921 shares of the company’s stock worth $1,197,000 after purchasing an additional 796 shares in the last quarter. Invesco Ltd. raised its stake in shares of Atkore by 17.6% during the 4th quarter. Invesco Ltd. now owns 103,765 shares of the company’s stock worth $6,563,000 after purchasing an additional 15,492 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Atkore during the 4th quarter valued at about $232,000. Finally, CacheTech Inc. grew its stake in shares of 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 in 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.