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

Atkore Inc. (NYSE:ATKR) has been assigned a consensus rating of “Hold” from the six research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $81.6667.

A number of research analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Atkore in a report on Friday, May 1st. Wall Street Zen raised Atkore from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Royal Bank Of Canada increased their price objective on Atkore from $71.00 to $82.00 and gave the company a “sector perform” rating in a report on Wednesday, May 6th. Citigroup increased their price objective on Atkore from $74.00 to $86.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, Roth Mkm upped 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.

Atkore Trading Down 3.7%

Shares of NYSE:ATKR opened at $71.77 on Wednesday. The business’s 50-day moving average is $66.66 and its 200 day moving average is $66.48. Atkore has a 1 year low of $53.49 and a 1 year high of $80.06. The firm has a market capitalization of $2.42 billion, a P/E ratio of -20.05 and a beta of 1.67. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.64 and a quick ratio of 2.02.

Atkore (NYSE:ATKR) last announced its earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.23. Atkore had a positive return on equity of 9.22% and a negative net margin of 4.19%.The company had revenue of $731.38 million for the quarter, compared to analyst estimates of $714.18 million. During the same period in the prior year, the company posted $2.04 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. On average, research analysts predict that Atkore will post 4.75 earnings per share for the current fiscal year.

Atkore Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th will be paid a $0.33 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.8%. Atkore’s dividend payout ratio is presently -36.87%.

Insider Transactions at Atkore

In other news, Director Wilbert W. James, Jr. sold 3,299 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $73.61, for a total value of $242,839.39. Following the sale, the director owned 17,063 shares in the company, valued at $1,256,007.43. This represents a 16.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Justin A. Kershaw sold 2,799 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $73.67, for a total value of $206,202.33. Following the completion of the sale, the director owned 18,610 shares in the company, valued at $1,370,998.70. The trade was a 13.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.10% of the stock is owned by corporate insiders.

Institutional Trading of Atkore

Hedge funds have recently modified their holdings of the stock. Kestra Investment Management LLC boosted its stake in shares of Atkore by 710.9% in the second quarter. Kestra Investment Management LLC now owns 446 shares of the company’s stock worth $31,000 after buying an additional 391 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Atkore by 1,263.2% during the third 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 purchased a new position in Atkore during the first quarter worth approximately $36,000. Jones Financial Companies Lllp boosted its position in Atkore by 61.8% during the first 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. Finally, Kestra Advisory Services LLC purchased a new position in Atkore during the fourth quarter worth approximately $77,000.

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.