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

Atkore Inc. (NYSE:ATKR) has received an average rating of “Hold” from the six brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $138.3333.

A number of brokerages recently weighed in on ATKR. Citigroup increased their price target on shares of Atkore from $74.00 to $86.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada set a $76.00 price objective on shares of Atkore in a report on Thursday, July 16th. Wall Street Zen raised shares of Atkore from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Atkore in a report on Friday, May 1st.

Insiders Place Their Bets

In other Atkore news, Director Justin A. Kershaw sold 2,799 shares of Atkore stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $73.67, for a total transaction of $206,202.33. Following the transaction, the director directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Wilbert W. James, Jr. sold 3,299 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $73.61, for a total value of $242,839.39. Following the completion of the transaction, the director directly owned 17,063 shares of the company’s stock, valued at approximately $1,256,007.43. The trade was a 16.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Atkore

A number of hedge funds have recently modified their holdings of ATKR. Kestra Investment Management LLC lifted its holdings in shares of Atkore by 710.9% during the 2nd quarter. Kestra Investment Management LLC now owns 446 shares of the company’s stock valued at $31,000 after purchasing an additional 391 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of Atkore by 1,263.2% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 518 shares of the company’s stock valued at $32,000 after purchasing an additional 480 shares during the period. Strs Ohio bought a new stake in Atkore during the 1st quarter worth approximately $36,000. Jones Financial Companies Lllp increased 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. Finally, Kestra Advisory Services LLC acquired a new stake in Atkore during the 4th quarter worth approximately $77,000.

Atkore Trading Down 0.2%

NYSE:ATKR opened at $76.44 on Monday. Atkore has a 1-year low of $53.49 and a 1-year high of $90.16. The business’s 50-day moving average price is $77.10 and its two-hundred day moving average price is $70.59. The company has a current ratio of 2.64, a quick ratio of 2.02 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of -21.35 and a beta of 1.68.

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

Atkore Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were issued a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $1.32 annualized dividend and a dividend yield of 1.7%. Atkore’s payout ratio is -36.87%.

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.