Atkore (ATKR) Stock Price, News & Analysis

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Atkore in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ATKR shares.
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3 brokers have issued 1 year price objectives for Atkore's stock. Their ATKR share price targets range from $186.00 to $200.00. On average, they predict the company's stock price to reach $191.00 in the next twelve months. This suggests a possible upside of 8.4% from the stock's current price.
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Atkore's stock was trading at $160.00 at the start of the year. Since then, ATKR shares have increased by 10.2% and is now trading at $176.25.
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Atkore saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 5,850,000 shares, an increase of 15.6% from the March 31st total of 5,060,000 shares. Based on an average trading volume of 485,800 shares, the short-interest ratio is currently 12.0 days. Currently, 16.1% of the shares of the stock are short sold.
View Atkore's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our ATKR earnings forecast.

Atkore will be holding an earnings conference call on Tuesday, May 7th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 609-800-9909 with passcode "5952899".

Atkore Inc. (NYSE:ATKR) released its quarterly earnings data on Friday, November, 17th. The company reported $4.21 EPS for the quarter, topping analysts' consensus estimates of $3.70 by $0.51. The business had revenue of $870 million for the quarter, compared to the consensus estimate of $910.40 million. Atkore had a net margin of 18.80% and a trailing twelve-month return on equity of 46.79%. The business's quarterly revenue was down 15.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.18 EPS.

Atkore announced a quarterly dividend on Thursday, May 2nd. Investors of record on Tuesday, May 21st will be paid a dividend of $0.32 per share on Friday, May 31st. This represents a $1.28 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Monday, May 20th.
Read our dividend analysis for ATKR.

Atkore (NYSE:ATKR) pays an annual dividend of $1.28 per share and currently has a dividend yield of 0.73%. The dividend payout ratio is 7.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ATKR will have a dividend payout ratio of 7.80% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ATKR.

ETFs with the largest weight of Atkore (NYSE:ATKR) stock in their portfolio include First Trust RBA American Industrial Renaissance ETF (AIRR), The Acquirers Fund (ZIG), Ballast Small/Mid Cap ETF (MGMT), Euclidean Fundamental Value ETF (ECML), Corbett Road Tactical Opportunity ETFNew (OPPX), Invesco Global Clean Energy ETF (PBD), WisdomTree U.S. Growth & Momentum Fund (WGRO) and Distillate Small/Mid Cash Flow ETF (DSMC).

27 employees have rated Atkore Chief Executive Officer William E Waltz on Glassdoor.com. William E Waltz has an approval rating of 94% among the company's employees. This puts William E Waltz in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Atkore investors own include Advanced Micro Devices (AMD), Alibaba Group (BABA), NVIDIA (NVDA), Intel (INTC), Altria Group (MO), Pfizer (PFE), Block (SQ), AT&T (T), AbbVie (ABBV) and Applied Materials (AMAT).

Atkore (ATKR) raised $252 million in an initial public offering on Friday, June 10th 2016. The company issued 12,000,000 shares at a price of $20.00-$22.00 per share. Credit Suisse, Deutsche Bank Securities, J.P. Morgan and UBS Investment Bank acted as the underwriters for the IPO and Citigroup, RBC Capital Markets and Wells Fargo Securities were co-managers.

Atkore's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (2.06%), Zurcher Kantonalbank Zurich Cantonalbank (1.51%), Principal Financial Group Inc. (0.74%), Mirae Asset Global Investments Co. Ltd. (0.53%), Raymond James & Associates (0.50%) and Compound Global Advisors LLC (0.41%). Insiders that own company stock include A Mark Zeffiro, Daniel S Kelly, David Paul Johnson, John W Pregenzer, Justin A Kershaw, Leangela W Lowe, Mark F Lamps, Scott H Muse, Wilbert W James Jr, William E Jr Waltz and William Vanarsdale.
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Shares of ATKR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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