Shares of Atkore Inc. (NYSE:ATKR – Get Free Report) have been assigned an average recommendation of “Hold” from the six research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $81.6667.
A number of research firms recently commented on ATKR. Citigroup lifted their price target on Atkore from $74.00 to $86.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada lifted their price target on Atkore from $71.00 to $82.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 6th. Wall Street Zen upgraded Atkore from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Atkore in a report on Friday, May 1st.
Check Out Our Latest Research Report on Atkore
Atkore Stock Up 0.2%
Atkore (NYSE:ATKR – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.23. The business had revenue of $731.38 million during the quarter, compared to the consensus estimate 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 for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $2.04 earnings per share. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. Sell-side analysts predict that Atkore will post 4.75 EPS for the current fiscal year.
Atkore Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, May 19th. Atkore’s payout ratio is presently -36.87%.
Insider Buying and Selling
In other Atkore news, Director Justin A. Kershaw sold 2,799 shares of Atkore stock in a transaction that occurred on 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 transaction, the director directly owned 18,610 shares in the company, valued at $1,370,998.70. The trade was a 13.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Wilbert W. James, Jr. sold 3,299 shares of Atkore stock in a transaction that occurred on 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 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. Insiders own 2.10% of the company’s stock.
Hedge Funds Weigh In On Atkore
A number of hedge funds and other institutional investors have recently bought and sold shares of ATKR. Kestra Investment Management LLC raised its holdings in shares of Atkore by 710.9% during the second quarter. Kestra Investment Management LLC now owns 446 shares of the company’s stock valued at $31,000 after buying an additional 391 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Atkore by 1,263.2% during the third quarter. Caitong International Asset Management Co. Ltd now owns 518 shares of the company’s stock valued at $32,000 after buying an additional 480 shares during the last quarter. Strs Ohio bought a new stake in shares of Atkore during the first quarter valued at approximately $36,000. Jones Financial Companies Lllp raised its holdings in shares of Atkore by 61.8% during the first quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock valued at $39,000 after buying an additional 246 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of Atkore during the fourth quarter valued at 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.
Read More
- Five stocks we like better than Atkore
- Time to Sell? 3 Winners With Fading Technical Momentum
- Why These 2 Hotel Stocks Are Beating Travel Peers
- This Energy Stock Has Quietly Soared 130% in a Year
- 3 ‘Boring’ Dividend Stocks With Tasty Technical Setups
Receive News & Ratings for Atkore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atkore and related companies with MarketBeat.com's FREE daily email newsletter.
