Atkore Inc. (NYSE:ATKR) Given Average Rating of “Hold” by Brokerages

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

Several equities research analysts have weighed in on the stock. Royal Bank Of Canada increased their target price 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. Weiss Ratings reiterated a “sell (d)” rating on shares of Atkore in a report on Friday, May 1st. Wall Street Zen upgraded shares of Atkore from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Citigroup increased their target price on shares of Atkore from $74.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th.

Insiders Place Their Bets

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 transaction of $242,839.39. Following the sale, the director directly owned 17,063 shares in the company, valued at $1,256,007.43. This trade 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 hyperlink. Also, Director Justin A. Kershaw sold 2,799 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $73.67, for a total transaction of $206,202.33. Following the sale, the director owned 18,610 shares in the company, valued at approximately $1,370,998.70. The trade was a 13.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Atkore

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Atkore by 8.1% during the third quarter. Vanguard Group Inc. now owns 3,632,594 shares of the company’s stock worth $227,909,000 after acquiring an additional 273,466 shares during the period. First Trust Advisors LP raised its holdings in shares of Atkore by 18.7% during the fourth quarter. First Trust Advisors LP now owns 1,385,741 shares of the company’s stock worth $87,648,000 after acquiring an additional 218,358 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Atkore by 8.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,227,991 shares of the company’s stock worth $72,341,000 after acquiring an additional 97,514 shares during the period. American Century Companies Inc. raised its holdings in shares of Atkore by 14.3% during the third quarter. American Century Companies Inc. now owns 1,158,103 shares of the company’s stock worth $72,659,000 after acquiring an additional 144,844 shares during the period. Finally, LSV Asset Management raised its holdings in shares of Atkore by 5.8% during the fourth quarter. LSV Asset Management now owns 960,450 shares of the company’s stock worth $60,748,000 after acquiring an additional 52,850 shares during the period.

Atkore Trading Down 4.9%

ATKR opened at $80.77 on Friday. The firm’s fifty day moving average is $72.97 and its two-hundred day moving average is $67.89. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.02 and a current ratio of 2.64. The firm has a market cap of $2.73 billion, a PE ratio of -22.56 and a beta of 1.66. Atkore has a twelve month low of $53.49 and a twelve month high of $90.16.

Atkore (NYSE:ATKR) last posted its earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.23. The company 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%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $2.04 earnings per share. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. Equities research analysts anticipate that Atkore will post 4.75 EPS for the current year.

Atkore Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Tuesday, May 19th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, May 19th. Atkore’s dividend payout ratio (DPR) is presently -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.