Atkore (NYSE:ATKR) Downgraded by Wall Street Zen to "Hold"

Key Points

• Wall Street Zen downgraded Atkore (NYSE:ATKR) from a "buy" to a hold rating, and MarketBeat shows a consensus rating of Hold.
• Atkore beat Q results with EPS of $0.83 vs. $0.64 expected and revenue of $655.6M, and set FY2026 guidance of 5.050–5.550 EPS, but the company still reports a negative net margin and a negative P/E.
• Analyst views are mixed—one Strong Buy, one Buy, three Hold and one Sell—with a consensus target price of $75.50 and individual targets roughly in the $71–$77 range.

Atkore (NYSE:ATKR - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.

Several other equities research analysts have also recently weighed in on ATKR. Royal Bank Of Canada set a $71.00 price objective on shares of Atkore in a research report on Wednesday, February 4th. CJS Securities upgraded shares of Atkore to a "strong-buy" rating in a report on Thursday, December 11th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Atkore in a research report on Monday, December 29th. Citigroup increased their price target on Atkore from $64.00 to $74.00 and gave the stock a "neutral" rating in a report on Wednesday, February 4th. Finally, Roth Mkm boosted their price objective on Atkore from $71.00 to $77.00 and gave the company a "buy" rating in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $75.50.

Atkore Stock Performance

Shares of Atkore stock opened at $61.43 on Friday. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of -44.19 and a beta of 1.54. Atkore has a twelve month low of $49.92 and a twelve month high of $80.06. The company's fifty day moving average is $63.52 and its 200 day moving average is $64.78. The company has a quick ratio of 2.40, a current ratio of 3.42 and a debt-to-equity ratio of 0.54.

Atkore (NYSE:ATKR - Get Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.83 EPS for the quarter, beating 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 firm had revenue of $655.55 million for the quarter, compared to analyst estimates of $650.09 million. During the same quarter in the previous year, the company posted $1.63 EPS. The business's revenue was down .9% on a year-over-year basis. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. Sell-side analysts forecast that Atkore will post 5.79 EPS for the current year.

Insider Buying and Selling at Atkore

In other Atkore news, insider Mark F. Lamps sold 1,000 shares of the firm'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 transaction, the insider directly owned 35,982 shares of the company's stock, valued at approximately $2,366,895.96. This trade represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.10% of the company's stock.

Hedge Funds Weigh In On Atkore

Several large investors have recently added to or reduced their stakes in the business. Kestra Investment Management LLC increased its holdings in Atkore by 710.9% during the 2nd quarter. Kestra Investment Management LLC now owns 446 shares of the company's stock worth $31,000 after purchasing an additional 391 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Atkore by 1,263.2% in the third 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 in the last quarter. Strs Ohio purchased a new position in shares of Atkore during the first quarter valued at approximately $36,000. Jones Financial Companies Lllp grew its holdings 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 buying an additional 246 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in Atkore during the fourth quarter worth $77,000.

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.

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