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

Shares of Atkore Inc. (NYSE:ATKR) have been assigned a consensus rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $81.6667.

ATKR has been the topic of a number of recent research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Atkore in a report on Friday, May 1st. Roth Mkm raised their target price on shares of Atkore from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Wall Street Zen raised shares of Atkore from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Royal Bank Of Canada raised their target price on shares of Atkore from $71.00 to $82.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 6th. Finally, Citigroup raised their target price on shares of Atkore from $74.00 to $86.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th.

Insider Activity at Atkore

In related news, Director Wilbert W. James, Jr. sold 3,299 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $73.61, for a total value of $242,839.39. Following the completion of the transaction, the director directly owned 17,063 shares of the company’s stock, valued at approximately $1,256,007.43. This trade represents a 16.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Justin A. Kershaw sold 2,799 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $73.67, for a total transaction of $206,202.33. Following the completion of the transaction, the director directly owned 18,610 shares of the company’s stock, valued at $1,370,998.70. This represents a 13.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 7,098 shares of company stock valued at $514,822. 2.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Atkore

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Kestra Investment Management LLC lifted its holdings in Atkore by 710.9% during the 2nd quarter. Kestra Investment Management LLC now owns 446 shares of the company’s stock valued at $31,000 after purchasing an additional 391 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Atkore by 1,263.2% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 518 shares of the company’s stock valued at $32,000 after purchasing an additional 480 shares during the last quarter. Strs Ohio acquired a new stake in Atkore during the 1st quarter valued at $36,000. Jones Financial Companies Lllp lifted its holdings in Atkore by 61.8% during the 1st quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock valued at $39,000 after purchasing an additional 246 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in Atkore during the 4th quarter valued at $77,000.

Atkore Price Performance

NYSE ATKR opened at $74.27 on Wednesday. The company has a quick ratio of 2.02, a current ratio of 2.64 and a debt-to-equity ratio of 0.59. Atkore has a 12-month low of $53.49 and a 12-month high of $80.06. The company has a market capitalization of $2.51 billion, a PE ratio of -20.75 and a beta of 1.67. The firm’s 50 day moving average is $66.22 and its 200-day moving average is $66.42.

Atkore (NYSE:ATKR) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.23. Atkore had a negative net margin of 4.19% and a positive return on equity of 9.22%. The company had revenue of $731.38 million for the quarter, compared to the consensus estimate of $714.18 million. During the same period last year, the company earned $2.04 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. Equities research analysts anticipate that Atkore will post 4.75 earnings per share for the current fiscal year.

Atkore Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 19th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $1.32 annualized dividend and a dividend yield of 1.8%. Atkore’s dividend payout ratio (DPR) is currently -36.87%.

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.