Analysts Set Atkore Inc. (NYSE:ATKR) PT at $75.50

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

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada set a $71.00 price target on Atkore in a research report on Wednesday, February 4th. Roth Mkm increased their price objective on Atkore from $71.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Citigroup boosted their target price on Atkore from $64.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Atkore in a research note on Monday, December 29th. Finally, CJS Securities raised shares of Atkore to a “strong-buy” rating in a research note on Thursday, December 11th.

Atkore Trading Down 1.0%

Shares of ATKR opened at $64.65 on Friday. Atkore has a 1-year low of $49.92 and a 1-year high of $80.06. The company has a market capitalization of $2.18 billion, a P/E ratio of -46.51 and a beta of 1.54. 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 simple moving average is $67.51 and its 200 day simple moving average is $64.72.

Atkore (NYSE:ATKR) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.19. The business had revenue of $655.55 million during the quarter, compared to analysts’ expectations of $650.09 million. Atkore had a negative net margin of 1.63% and a positive return on equity of 11.27%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.63 EPS. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. Sell-side analysts forecast that Atkore will post 5.79 earnings per share for the current fiscal year.

Atkore Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 17th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Tuesday, February 17th. Atkore’s dividend payout ratio (DPR) is presently -94.96%.

Insiders Place Their Bets

In other Atkore 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 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. 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 the SEC website. 2.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Atkore

Several institutional investors have recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Atkore in the second quarter valued at about $28,000. Kestra Investment Management LLC grew 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 purchasing an additional 391 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Atkore by 1,263.2% during 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 position in Atkore during the 1st quarter valued at approximately $36,000. Finally, Jones Financial Companies Lllp lifted its holdings in Atkore by 61.8% in the 1st quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock worth $39,000 after buying an additional 246 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.