Wall Street Zen Upgrades Atkore (NYSE:ATKR) to Buy

Key Points

• Wall Street Zen upgraded Atkore from a "hold" to a "buy," though the analyst consensus still averages a "Hold" rating with a consensus price target of $75.50.
• Q4 results beat estimates: Atkore reported $0.83 EPS vs. $0.64 expected and $655.6M revenue (slightly above expectations), and set FY2026 guidance of $5.05–$5.55 EPS versus analysts' ~5.79 EPS forecast.
• Insider activity and institutional flows are mixed: an insider sold 1,000 shares, while several institutions (including UBS, Intech and Norges Bank) increased or established positions in the stock.

Atkore (NYSE:ATKR - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Sunday.

Other research analysts have also recently issued research reports about the company. Weiss Ratings restated a "sell (d)" rating on shares of Atkore in a research report on Monday, December 29th. Roth Mkm raised their price target on Atkore from $71.00 to $77.00 and gave the stock a "buy" rating in a research report on Wednesday, February 4th. Royal Bank Of Canada set a $71.00 price target on Atkore in a research report on Wednesday, February 4th. Finally, Citigroup raised their price target on Atkore from $64.00 to $74.00 and gave the stock a "neutral" rating in a research 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 issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $75.50.

Atkore Stock Down 0.0%

ATKR opened at $67.82 on Friday. Atkore has a twelve month low of $53.49 and a twelve month high of $80.06. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.40 and a current ratio of 3.42. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of -48.79 and a beta of 1.54. The firm's 50-day simple moving average is $63.08 and its 200-day simple moving average is $64.98.

Atkore (NYSE:ATKR - Get Free Report) last issued 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. 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 for the quarter, compared to analysts' expectations of $650.09 million. During the same quarter last year, the business earned $1.63 earnings per share. Atkore'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 research analysts anticipate that Atkore will post 5.79 EPS for the current fiscal year.

Insider Transactions at Atkore

In other Atkore news, insider Mark F. Lamps sold 1,000 shares of Atkore 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 transaction, the insider owned 35,982 shares in the company, 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 legal filing with the SEC, which is available at this link. 2.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ATKR. Jones Financial Companies Lllp grew 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 worth $39,000 after purchasing an additional 246 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Atkore by 15.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 116,830 shares of the company's stock worth $7,009,000 after purchasing an additional 16,028 shares during the last quarter. Intech Investment Management LLC grew its holdings in shares of Atkore by 59.7% during the first quarter. Intech Investment Management LLC now owns 29,363 shares of the company's stock worth $1,761,000 after purchasing an additional 10,972 shares during the last quarter. Strs Ohio bought a new stake in shares of Atkore during the first quarter worth about $36,000. Finally, Norges Bank bought a new stake in shares of Atkore during the second quarter worth about $467,000.

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.

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