Atkore (NYSE:ATKR) Stock Rating Upgraded by Wall Street Zen

Atkore (NYSE:ATKR) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other brokerages have also recently issued reports on ATKR. KeyCorp reissued a “sector weight” rating on shares of Atkore in a report on Friday, November 14th. Weiss Ratings restated a “sell (d)” rating on shares of Atkore in a research report on Monday, December 29th. Roth Mkm lifted their price target on 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 price target on Atkore in a research report on Wednesday. Finally, CJS Securities upgraded Atkore to a “strong-buy” rating in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $73.40.

Atkore Trading Up 3.2%

NYSE ATKR opened at $67.93 on Friday. Atkore has a 52 week low of $49.92 and a 52 week high of $80.06. The company has a 50 day moving average price of $67.05 and a 200 day moving average price of $64.88. 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 market cap of $2.29 billion, a PE ratio of -48.87 and a beta of 1.60.

Atkore (NYSE:ATKR) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $650.09 million. During the same period last year, the business posted $1.63 earnings per share. The firm’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. As a group, sell-side analysts forecast that Atkore will post 5.79 EPS for the current fiscal year.

Insider Activity at Atkore

In related news, insider Mark F. Lamps sold 1,000 shares of Atkore stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $64.75, for a total value of $64,750.00. Following the completion of the transaction, the insider owned 29,923 shares in the company, valued at approximately $1,937,514.25. The trade was a 3.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Atkore

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System increased its position in shares of Atkore by 0.7% during the second quarter. California State Teachers Retirement System now owns 33,067 shares of the company’s stock worth $2,333,000 after acquiring an additional 214 shares during the period. Osaic Holdings Inc. boosted its holdings in Atkore by 15.4% in the second quarter. Osaic Holdings Inc. now owns 1,794 shares of the company’s stock valued at $127,000 after purchasing an additional 240 shares during the period. Jones Financial Companies Lllp grew its stake in Atkore by 61.8% during the 1st quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock worth $39,000 after purchasing an additional 246 shares in the last quarter. Matrix Trust Co increased its holdings in Atkore by 6.2% during the 3rd quarter. Matrix Trust Co now owns 4,391 shares of the company’s stock worth $275,000 after purchasing an additional 258 shares during the period. Finally, Covestor Ltd increased its holdings in Atkore by 18.8% during the 4th quarter. Covestor Ltd now owns 1,779 shares of the company’s stock worth $112,000 after purchasing an additional 282 shares during the period.

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.