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S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
ASML’s Earnings Could Bring The Stock to New Highs
Stock market today: Asian benchmarks trade mixed amid expectations for US rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
Undervalued UnitedHealth Group Won’t Be For Long
DocuSign and The Case for 66% Upside 
3 Computer Vision Stocks for Long-Term Gains From AI
Silicon Motion Proves That AI in Motion Stays in Motion
S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
ASML’s Earnings Could Bring The Stock to New Highs
Stock market today: Asian benchmarks trade mixed amid expectations for US rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
Undervalued UnitedHealth Group Won’t Be For Long
DocuSign and The Case for 66% Upside 
3 Computer Vision Stocks for Long-Term Gains From AI
Silicon Motion Proves That AI in Motion Stays in Motion
S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
ASML’s Earnings Could Bring The Stock to New Highs
Stock market today: Asian benchmarks trade mixed amid expectations for US rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
Undervalued UnitedHealth Group Won’t Be For Long
DocuSign and The Case for 66% Upside 
3 Computer Vision Stocks for Long-Term Gains From AI
Silicon Motion Proves That AI in Motion Stays in Motion
NYSE:ATKR

Atkore (ATKR) Stock Price, News & Analysis

$172.29
-3.57 (-2.03%)
(As of 04/16/2024 ET)
Today's Range
$170.95
$174.95
50-Day Range
$142.60
$193.61
52-Week Range
$116.14
$194.98
Volume
461,880 shs
Average Volume
455,624 shs
Market Capitalization
$6.34 billion
P/E Ratio
10.33
Dividend Yield
0.74%
Price Target
$191.00

Atkore MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
10.9% Upside
$191.00 Price Target
Short Interest
Bearish
13.96% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.67mentions of Atkore in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$25.12 M Sold Last Quarter
Proj. Earnings Growth
8.90%
From $15.06 to $16.40 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.17 out of 5 stars

Industrial Products Sector

144th out of 162 stocks

Miscellaneous Electrical Machinery, Equipment, & Supplies Industry

19th out of 26 stocks

ATKR stock logo

About Atkore Stock (NYSE:ATKR)

Atkore Inc. engages in the manufacture and sale of electrical, mechanical, safety, and infrastructure products and solutions in the United States and internationally. The company offers conduits, cables, and installation accessories. It also designs and manufactures protection and reliability solutions for critical infrastructure, such as metal framing, mechanical pipe, perimeter security, and cable management. The company offers its products under the Allied Tube & Conduit, AFC Cable Systems, Kaf-Tech, Heritage Plastics, Unistrut, Power-Strut, Cope, US Tray, FRE Composites, United Poly Systems, Calbond, and Calpipe. It serves various end markets, including new construction; maintenance, repair, and remodel; infrastructure; diversified industrials; alternative power generation; healthcare; data centers; and governments through electrical, industrial, and mechanical contractors, as well as original equipment manufacturers. The company was formerly known as Atkore International Group Inc. and changed its name to Atkore Inc. in February 2021. Atkore Inc. was founded in 1959 and is headquartered in Harvey, Illinois.

ATKR Stock Price History

ATKR Stock News Headlines

The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
Atkore (NYSE:ATKR) PT Raised to $200.00
Atkore: Tame The Enthusiasm
Atkore (NYSE:ATKR) Rating Increased to Buy at StockNews.com
Atkore Inc
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
ATKR Jul 2024 240.000 call
ATKR Oct 2024 210.000 call
ATKR Jul 2024 195.000 call
ATKR Oct 2024 140.000 put
ATKR Apr 2024 105.000 call
ATKR Mar 2024 110.000 put
ATKR Jul 2024 210.000 call
Atkore Inc. (NYSE:ATKR) Q1 2024 Earnings Call Transcript
Atkore First Quarter 2024 Earnings: Beats Expectations
See More Headlines
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Company Calendar

Last Earnings
2/01/2024
Ex-Dividend for 3/15 Dividend
2/26/2024
Dividend Payable
3/15/2024
Today
4/16/2024
Next Earnings (Confirmed)
5/07/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Industry
Miscellaneous electrical machinery, equipment, & supplies
Sub-Industry
N/A
Previous Symbol
NASDAQ:ATKR
Employees
5,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$191.00
High Stock Price Target
$200.00
Low Stock Price Target
$186.00
Potential Upside/Downside
+10.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$689.90 million
Pretax Margin
22.85%

Debt

Sales & Book Value

Annual Sales
$3.52 billion
Cash Flow
$22.00 per share
Book Value
$38.85 per share

Miscellaneous

Free Float
35,827,000
Market Cap
$6.34 billion
Optionable
Optionable
Beta
2.19
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ATKR Stock Analysis - Frequently Asked Questions

Should I buy or sell Atkore stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Atkore in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ATKR shares.
View ATKR analyst ratings
or view top-rated stocks.

What is Atkore's stock price target for 2024?

3 brokers have issued 12-month price targets for Atkore's shares. Their ATKR share price targets range from $186.00 to $200.00. On average, they anticipate the company's share price to reach $191.00 in the next twelve months. This suggests a possible upside of 10.9% from the stock's current price.
View analysts price targets for ATKR
or view top-rated stocks among Wall Street analysts.

How have ATKR shares performed in 2024?

Atkore's stock was trading at $160.00 at the start of the year. Since then, ATKR stock has increased by 7.7% and is now trading at $172.29.
View the best growth stocks for 2024 here
.

Are investors shorting Atkore?

Atkore saw a increase in short interest during the month of February. As of February 29th, there was short interest totaling 5,340,000 shares, an increase of 9.0% from the February 14th total of 4,900,000 shares. Based on an average daily trading volume, of 446,300 shares, the days-to-cover ratio is currently 12.0 days. Currently, 14.7% of the shares of the company are sold short.
View Atkore's Short Interest
.

When is Atkore's next earnings date?

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

How can I listen to Atkore's earnings call?

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".

How were Atkore's earnings last quarter?

Atkore Inc. (NYSE:ATKR) released its quarterly earnings data on Thursday, February, 1st. The company reported $4.12 earnings per share for the quarter, topping analysts' consensus estimates of $3.08 by $1.04. The company had revenue of $798.50 million for the quarter, compared to analyst estimates of $777.05 million. Atkore had a net margin of 18.80% and a trailing twelve-month return on equity of 46.79%. The firm's revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.51 earnings per share.

How often does Atkore pay dividends? What is the dividend yield for Atkore?

Atkore declared a quarterly dividend on Tuesday, January 30th. Stockholders of record on Tuesday, February 27th will be paid a dividend of $0.32 per share on Friday, March 15th. This represents a $1.28 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Monday, February 26th.
Read our dividend analysis for ATKR
.

Is Atkore a good dividend stock?

Atkore (NYSE:ATKR) pays an annual dividend of $1.28 per share and currently has a dividend yield of 0.75%. 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.

What guidance has Atkore issued on next quarter's earnings?

Atkore updated its FY24 earnings guidance on Thursday, February, 1st. The company provided earnings per share guidance of $16.50-$17.50 for the period, compared to the consensus EPS estimate of $16.71.

What is William E Waltz's approval rating as Atkore's CEO?

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.

What other stocks do shareholders of Atkore own?

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).

When did Atkore IPO?

Atkore (ATKR) raised $252 million in an initial public offering on Friday, June 10th 2016. The company issued 12,000,000 shares at $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.

Who are Atkore's major shareholders?

Atkore's stock is owned by a number of institutional and retail investors. Top institutional investors include Ausbil Investment Management Ltd (0.06%), Los Angeles Capital Management LLC (0.04%), Park Avenue Securities LLC (0.02%), Opinicus Capital Inc. (0.01%), Banque Cantonale Vaudoise (0.01%) and RFG Advisory LLC (0.01%). 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.
View institutional ownership trends
.

How do I buy shares of Atkore?

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.
Compare Top Brokerages Here.

This page (NYSE:ATKR) was last updated on 4/16/2024 by MarketBeat.com Staff

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