Atkore Inc. (NYSE:ATKR) Receives $68.80 Consensus Price Target from Brokerages

Atkore Inc. (NYSE:ATKR) has been given a consensus recommendation of “Hold” by the seven ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $73.40.

ATKR has been the subject of a number of research analyst reports. Roth Mkm lifted their price target on shares of Atkore from $71.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday. Royal Bank Of Canada set a $71.00 target price on shares of Atkore in a report on Wednesday. Weiss Ratings reiterated a “sell (d)” rating on shares of Atkore in a research note on Monday, December 29th. KeyCorp reissued a “sector weight” rating on shares of Atkore in a report on Friday, November 14th. Finally, CJS Securities upgraded Atkore to a “strong-buy” rating in a research note on Thursday, December 11th.

Atkore Stock Up 3.2%

ATKR stock opened at $67.93 on Monday. The stock has a market capitalization of $2.29 billion, a P/E ratio of -48.87 and a beta of 1.60. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.42 and a quick ratio of 2.13. Atkore has a 1-year low of $49.92 and a 1-year high of $80.06. The business has a fifty day moving average price of $67.05 and a 200-day moving average price of $65.05.

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

Atkore Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Tuesday, February 17th. Atkore’s payout ratio is currently -94.96%.

Insider Activity at Atkore

In other news, insider Mark F. Lamps sold 1,000 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $64.75, for a total transaction of $64,750.00. Following the completion of the sale, the insider owned 29,923 shares of the company’s stock, valued at $1,937,514.25. This represents a 3.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is owned by insiders.

Institutional Trading of Atkore

Several large investors have recently added to or reduced their stakes in ATKR. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Atkore in the second quarter worth approximately $28,000. Kestra Investment Management LLC increased its stake in shares of Atkore by 710.9% in the 2nd quarter. Kestra Investment Management LLC now owns 446 shares of the company’s stock worth $31,000 after purchasing an additional 391 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Atkore by 1,263.2% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 518 shares of the company’s stock worth $32,000 after purchasing an additional 480 shares in the last quarter. Strs Ohio bought a new position in Atkore in the 1st quarter worth $36,000. Finally, Jones Financial Companies Lllp lifted its position in Atkore by 61.8% during the first quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock valued at $39,000 after purchasing an additional 246 shares in 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.