Atkore (NYSE:ATKR) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Atkore (NYSE:ATKR) from a hold rating to a buy rating in a report released on Sunday.

A number of other equities research analysts also recently weighed in on ATKR. Roth Mkm lifted their target price on Atkore from $71.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Citigroup lifted their target price on Atkore from $64.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Atkore in a report on Monday, December 29th. Finally, Royal Bank Of Canada set a $71.00 target price on Atkore in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Atkore has an average rating of “Hold” and an average price target of $75.50.

Atkore Trading Down 0.0%

ATKR stock opened at $67.82 on Friday. 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 company has a fifty day moving average price of $63.08 and a two-hundred day moving average price of $65.01. Atkore has a one year low of $53.49 and a one year high of $80.06. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of -48.79 and a beta of 1.54.

Atkore (NYSE:ATKR) last posted its earnings results on Tuesday, February 3rd. The company reported $0.83 earnings per share for the quarter, topping 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 the consensus estimate of $650.09 million. During the same quarter last year, the firm earned $1.63 earnings per share. The company’s revenue was down .9% on a year-over-year basis. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. Equities analysts anticipate that Atkore will post 5.79 EPS for the current year.

Atkore Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 17th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, February 17th. Atkore’s payout ratio is -94.96%.

Insider Buying and Selling

In related news, insider Mark F. Lamps sold 1,000 shares of the business’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 transaction, the insider 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 Securities & Exchange Commission, which is available through this link. 2.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kestra Investment Management LLC raised its stake in Atkore by 710.9% during the second quarter. Kestra Investment Management LLC now owns 446 shares of the company’s stock worth $31,000 after acquiring an additional 391 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake 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 acquiring an additional 480 shares in the last quarter. Strs Ohio acquired a new position in Atkore during the first quarter worth about $36,000. Jones Financial Companies Lllp raised its stake 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 acquiring an additional 246 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Atkore during the fourth quarter worth about $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.