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

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

A number of other analysts have also weighed in on the company. Citigroup upped their price objective on 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 target price on Atkore in a report on Wednesday, February 4th. Roth Mkm boosted their target price on Atkore from $71.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. CJS Securities upgraded Atkore to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Atkore in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Atkore presently has a consensus rating of “Hold” and a consensus price target of $75.50.

Atkore Stock Down 0.1%

Shares of NYSE:ATKR opened at $61.43 on Friday. The firm has a market capitalization of $2.07 billion, a PE ratio of -44.19 and a beta of 1.54. Atkore has a 1 year low of $49.92 and a 1 year high of $80.06. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.42 and a quick ratio of 2.40. The firm’s 50-day moving average is $63.52 and its two-hundred day moving average is $64.84.

Atkore (NYSE:ATKR) last announced 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 firm had revenue of $655.55 million for the quarter, compared to the consensus estimate of $650.09 million. Atkore had a negative net margin of 1.63% and a positive return on equity of 11.27%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.63 EPS. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. Analysts predict that Atkore will post 5.79 EPS for the current year.

Insider Activity

In related news, insider Mark F. Lamps sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $65.78, for a total value of $65,780.00. Following the completion of the sale, the insider directly owned 35,982 shares of the company’s stock, valued at $2,366,895.96. This represents a 2.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Atkore

Large investors have recently modified their holdings of the company. Sankala Group LLC purchased a new stake in Atkore in the 4th quarter valued at $773,000. Dean Capital Management boosted its stake in Atkore by 4.4% during the 4th quarter. Dean Capital Management now owns 18,921 shares of the company’s stock worth $1,197,000 after purchasing an additional 796 shares during the period. Invesco Ltd. grew its position in Atkore by 17.6% during the 4th quarter. Invesco Ltd. now owns 103,765 shares of the company’s stock worth $6,563,000 after purchasing an additional 15,492 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in Atkore during the 4th quarter worth $232,000. Finally, CacheTech Inc. increased its stake in Atkore by 6.1% in the fourth 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 during the period.

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.