Atkore Inc. (NYSE:ATKR) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Atkore Inc. (NYSE:ATKR) have been given an average rating of “Hold” by the six research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $81.6667.

ATKR has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Atkore from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Royal Bank Of Canada increased their price target on shares of Atkore from $71.00 to $82.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 6th. Citigroup raised their price objective on shares of Atkore from $74.00 to $86.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Atkore in a report on Friday, May 1st.

Atkore Price Performance

Shares of NYSE ATKR opened at $69.06 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.64 and a quick ratio of 2.02. The stock has a fifty day moving average price of $77.67 and a 200 day moving average price of $69.84. Atkore has a 1-year low of $53.49 and a 1-year high of $90.16. The company has a market cap of $2.33 billion, a PE ratio of -19.29 and a beta of 1.68.

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

Atkore Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, May 19th. Atkore’s dividend payout ratio (DPR) is currently -36.87%.

Insider Buying and Selling

In related news, Director Wilbert W. James, Jr. sold 3,299 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $73.61, for a total transaction of $242,839.39. Following the transaction, the director owned 17,063 shares of the company’s stock, valued at $1,256,007.43. This represents a 16.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Justin A. Kershaw sold 2,799 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $73.67, for a total value of $206,202.33. Following the transaction, the director directly owned 18,610 shares in the company, valued at $1,370,998.70. This represents a 13.07% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Atkore

A number of large investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp boosted its holdings in Atkore by 61.8% during the first quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock worth $39,000 after buying an additional 246 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Atkore by 15.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 116,830 shares of the company’s stock valued at $7,009,000 after buying an additional 16,028 shares in the last quarter. Intech Investment Management LLC lifted its position in shares of Atkore by 59.7% during the 1st quarter. Intech Investment Management LLC now owns 29,363 shares of the company’s stock valued at $1,761,000 after acquiring an additional 10,972 shares during the period. Strs Ohio acquired a new stake in shares of Atkore during the 1st quarter valued at approximately $36,000. Finally, Norges Bank purchased a new stake in shares of Atkore during the 2nd quarter worth approximately $467,000.

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.