Atkore (NYSE:ATKR) Stock Rating Upgraded by Wall Street Zen
by Renee Jackson · The Cerbat GemAtkore (NYSE:ATKR – Get Free Report) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.
Several other research analysts have also recently issued reports on ATKR. Roth Mkm increased their target price on shares of Atkore from $71.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Royal Bank Of Canada set a $71.00 target price on shares of Atkore in a report on Wednesday, February 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of Atkore in a report on Monday, December 29th. Finally, Citigroup increased their target price on shares of Atkore from $64.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Atkore currently has a consensus rating of “Hold” and a consensus target price of $75.50.
Get Our Latest Research Report on Atkore
Atkore Trading Up 1.2%
NYSE ATKR opened at $68.65 on Friday. The company’s 50-day moving average price is $63.05 and its 200-day moving average price is $65.07. The company has a current ratio of 3.42, a quick ratio of 2.40 and a debt-to-equity ratio of 0.54. The stock has a market cap of $2.32 billion, a PE ratio of -49.39 and a beta of 1.54. Atkore has a 12 month low of $53.49 and a 12 month high of $80.06.
Atkore (NYSE:ATKR – Get Free Report) last posted 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 firm had revenue of $655.55 million for 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 revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the business posted $1.63 earnings per share. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. Equities research analysts forecast that Atkore will post 5.79 earnings per share for the current year.
Insider Buying and Selling at Atkore
In other news, insider Mark F. Lamps sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $65.78, for a total value of $65,780.00. Following the sale, the insider directly owned 35,982 shares in the company, valued at approximately $2,366,895.96. This trade represents a 2.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.10% of the company’s stock.
Institutional Trading of Atkore
Institutional investors have recently modified their holdings of the company. Kestra Investment Management LLC boosted its holdings in shares of Atkore by 710.9% in the 2nd quarter. Kestra Investment Management LLC now owns 446 shares of the company’s stock valued at $31,000 after buying an additional 391 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings 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 buying an additional 480 shares in the last quarter. Strs Ohio bought a new stake in shares of Atkore in the 1st quarter valued at about $36,000. Jones Financial Companies Lllp boosted its holdings in shares of Atkore by 61.8% in the 1st quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock valued at $39,000 after buying an additional 246 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of Atkore in the 4th quarter valued at 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.