Atkore Inc. (NYSE:ATKR) Receives $75.50 Consensus PT from Analysts

Atkore Inc. (NYSE:ATKR) has received an average rating of “Hold” from the six brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $75.50.

ATKR has been the subject of a number of research analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Atkore in a research report on Monday, December 29th. CJS Securities upgraded shares of Atkore to a “strong-buy” rating in a report on Thursday, December 11th. Citigroup upped their price target on shares of Atkore from $64.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Royal Bank Of Canada set a $71.00 price target on Atkore in a report on Wednesday, February 4th. Finally, Wall Street Zen raised Atkore from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th.

Insider Activity at Atkore

In other news, insider Mark F. Lamps sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $65.78, for a total transaction of $65,780.00. Following the transaction, the insider directly owned 35,982 shares of the company’s stock, valued at approximately $2,366,895.96. The trade was a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Atkore

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sankala Group LLC acquired a new position in Atkore in the 4th quarter worth $773,000. Dean Capital Management increased its position in shares of Atkore by 4.4% during the fourth quarter. Dean Capital Management now owns 18,921 shares of the company’s stock worth $1,197,000 after acquiring an additional 796 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Atkore by 17.6% in the fourth quarter. Invesco Ltd. now owns 103,765 shares of the company’s stock worth $6,563,000 after acquiring an additional 15,492 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in Atkore in the fourth quarter valued at about $232,000. Finally, CacheTech Inc. grew its stake in Atkore by 6.1% during the 4th quarter. CacheTech Inc. now owns 47,076 shares of the company’s stock valued at $2,978,000 after purchasing an additional 2,706 shares in the last quarter.

Atkore Stock Down 1.7%

Shares of NYSE ATKR opened at $58.14 on Tuesday. The stock has a market capitalization of $1.96 billion, a PE ratio of -41.83 and a beta of 1.54. The company has a quick ratio of 2.40, a current ratio of 3.42 and a debt-to-equity ratio of 0.54. The firm has a fifty day moving average of $64.48 and a 200-day moving average of $64.86. Atkore has a 52-week low of $49.92 and a 52-week high of $80.06.

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

Atkore Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th were given a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $1.32 annualized dividend and a yield of 2.3%. Atkore’s dividend payout ratio (DPR) is -94.96%.

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.