NYSE:ATKR

Atkore International Group Stock Forecast, Price & News

$46.94

-1.44 (-2.98 %)

(As of 01/25/2021 12:00 AM ET)

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Today's Range

$46.46

Now: $46.94▼

$48.08

50-Day Range

$40.10

MA: $44.33▼

$49.74

52-Week Range

$10.85

Now: $46.94▼

$50.50

Volume259,098 shs

Average Volume375,513 shs

Market Capitalization$2.23 billion

P/E Ratio15.09

Dividend YieldN/A

Beta2.47

Atkore International Group Inc. manufactures and distributes electrical raceway products, and mechanical products and solutions (MP&S) in the United States and internationally. The company offers electrical raceway products, including electrical conduits and fittings, armored cables and fittings, and cable trays and mounting systems and fittings. It also provides MP&S products comprising metal framing and fittings, mechanical pipes, and barbed tapes, as well as construction services related to design, fabrication and installation, modular support structures, and fall protection. The company offers its products under the Allied Tube & Conduit, AFC Cable Systems, Heritage Plastics, Unistrut, Power-Strut, Cope, and Calpipe brands, as well as other sub-brands. It serves a group of end markets, including new construction; maintenance, repair, and remodel, as well as infrastructure; diversified industrials; alternative power generation; healthcare; data centers; and government through electrical, industrial, and mechanical contractors, as well as original equipment manufacturers. The company was founded in 1959 and is headquartered in Harvey, Illinois.

MarketRank^™

Overall MarketRank^™

1.37 out of 5 stars

Industrial Products Sector

142nd out of 394 stocks

Miscellaneous Electrical Machinery, Equipment, & Supplies Industry

8th out of 38 stocks

1.3 Analyst's Opinion

Consensus Rating
Atkore International Group has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $42.00, Atkore International Group has a forecasted downside of 10.5% from its current price of $46.94.
Amount of Analyst Coverage
Atkore International Group has only been the subject of 2 research reports in the past 90 days.

2.6 Community Rank

Outperform Votes
Atkore International Group has received 317 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Atkore International Group has received 296 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Atkore International Group has received 51.71% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Atkore International Group and other stocks. Vote “Outperform” if you believe ATKR will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ATKR will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Atkore International Group does not currently pay a dividend.
Dividend Growth
Atkore International Group does not have a long track record of dividend growth.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Atkore International Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,658,874.00 in company stock.
Percentage Held by Insiders
Only 1.72% of the stock of Atkore International Group is held by insiders.
Percentage Held by Institutions
97.38% of the stock of Atkore International Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Atkore International Group is 15.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.51.
Price to Earnings Ratio vs. Sector
The P/E ratio of Atkore International Group is 15.09, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 40.57.
Price to Book Value per Share Ratio
Atkore International Group has a P/B Ratio of 5.86. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Miscellaneous electrical machinery, equipment, & supplies

Sub-IndustryN/A

SectorIndustrial Products

Current SymbolNYSE:ATKR

Previous SymbolNASDAQ:ATKR

CUSIPN/A

CIK1666138

Webwww.atkore.com

Phone708-339-1610

Employees3,700

Year FoundedN/A

Debt

Debt-to-Equity Ratio2.12

Current Ratio3.00

Quick Ratio2.28

Price-To-Earnings

Trailing P/E Ratio15.09

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.77 billion

Price / Sales1.26

Cash Flow$4.96 per share

Price / Cash Flow9.46

Book Value$8.01 per share

Price / Book5.86

Profitability

EPS (Most Recent Fiscal Year)N/A

Net Income$152.30 million

Net Margins8.63%

Return on Equity47.96%

Return on Assets10.08%

Miscellaneous

Outstanding Shares47,560,000

Market Cap$2.23 billion

Next Earnings Date2/2/2021 (Confirmed)

OptionableOptionable

$46.94

-1.44 (-2.98 %)

(As of 01/25/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Atkore International Group (NYSE:ATKR) Frequently Asked Questions

How has Atkore International Group's stock price been impacted by COVID-19?

Atkore International Group's stock was trading at $34.97 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, ATKR stock has increased by 34.2% and is now trading at $46.94.
View which stocks have been most impacted by COVID-19.

Is Atkore International Group a buy right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Atkore International Group in the last twelve months. 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 "buy" Atkore International Group stock.
View analyst ratings for Atkore International Group or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Atkore International Group?

Wall Street analysts have given Atkore International Group a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Atkore International Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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

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

When is Atkore International Group's next earnings date?

Atkore International Group is scheduled to release its next quarterly earnings announcement on Tuesday, February 2nd 2021.
View our earnings forecast for Atkore International Group.

How can I listen to Atkore International Group's earnings call?

Atkore International Group will be holding an earnings conference call on Tuesday, February 2nd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Atkore International Group's earnings last quarter?

Atkore International Group Inc. (NYSE:ATKR) released its quarterly earnings results on Wednesday, November, 18th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.50. The business earned $477.42 million during the quarter. Atkore International Group had a net margin of 8.63% and a trailing twelve-month return on equity of 47.96%.
View Atkore International Group's earnings history.

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

Atkore International Group issued an update on its FY 2021 Pre-Market earnings guidance on Thursday, November, 19th. The company provided EPS guidance of 3.95-4.25 for the period, compared to the Thomson Reuters consensus estimate of $3.50.

What price target have analysts set for ATKR?

3 brokerages have issued 1 year price targets for Atkore International Group's stock. Their forecasts range from $26.00 to $54.00. On average, they anticipate Atkore International Group's stock price to reach $42.00 in the next year. This suggests that the stock has a possible downside of 10.5%.
View analysts' price targets for Atkore International Group or view Wall Street analyst' top-rated stocks.

Are investors shorting Atkore International Group?

Atkore International Group saw a increase in short interest during the month of December. As of December 31st, there was short interest totaling 713,200 shares, an increase of 16.7% from the December 15th total of 611,300 shares. Based on an average daily volume of 496,000 shares, the days-to-cover ratio is presently 1.4 days.
View Atkore International Group's Short Interest.

Who are some of Atkore International Group's key competitors?

Some companies that are related to Atkore International Group include CAE (CAE), FuelCell Energy (FCEL), Novanta (NOVT), Spectrum Brands (SPB), Energizer (ENR), Integer (ITGR), CBAK Energy Technology (CBAT), Romeo Power (RMO), Eos Energy Enterprises (EOSE), Polar Power (POLA), AMCI Acquisition (AMCI), Byrna Technologies (BYRN), Flux Power (FLUX), Security Devices International (SDEV) and Ultralife (ULBI).
View all of ATKR's competitors.

What other stocks do shareholders of Atkore International Group own?

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

Who are Atkore International Group's key executives?

Atkore International Group's management team includes the following people:

Mr. William E. Waltz Jr., Pres, CEO & Director (Age 56, Pay $1.47M)
Mr. David P. Johnson, VP, CFO & Chief Accounting Officer (Age 53, Pay $828.01k)
Mr. Daniel S. Kelly Esq., VP, Gen. Counsel & Corp. Sec. (Age 60, Pay $593.34k)
Mr. Mark F. Lamps, Group Pres of Security & Infrastructure (Age 54, Pay $543.02k)
Mr. Peter J. Lariviere, Pres of Cable Solutions (Age 58, Pay $621.88k)
Mr. Michael E. Clark, VP of Operations
Mr. Lee Paree, VP of Information Technology
Mr. John Deitzer, VP of Treasury & Investor Relations
Ms. Lisa Winter, VP of Corp. Communications
Ms. LeAngela W. Lowe, VP of Global HR (Age 49)

When did Atkore International Group IPO?

(ATKR) raised $252 million in an initial public offering (IPO) 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 served as the underwriters for the IPO and Citigroup, RBC Capital Markets and Wells Fargo Securities were co-managers.

What is Atkore International Group's stock symbol?

Atkore International Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "ATKR."

Who are Atkore International Group's major shareholders?

Atkore International Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Peregrine Capital Management LLC (0.79%), Dalton Greiner Hartman Maher & Co. (0.38%), Hennessy Advisors Inc. (0.13%), Sowell Financial Services LLC (0.04%), Janney Montgomery Scott LLC (0.03%) and Wedge Capital Management L L P NC (0.02%). Company insiders that own Atkore International Group stock include Daniel S Kelly, Mark F Lamps, Michael J Schulte, Peter J Lariviere and William E Jr Waltz.
View institutional ownership trends for Atkore International Group.

Which major investors are selling Atkore International Group stock?

ATKR stock was sold by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Dalton Greiner Hartman Maher & Co., Denali Advisors LLC, Wedge Capital Management L L P NC, and Hennessy Advisors Inc.. Company insiders that have sold Atkore International Group company stock in the last year include Daniel S Kelly, Mark F Lamps, Peter J Lariviere, and William E Jr Waltz.
View insider buying and selling activity for Atkore International Group or view top insider-selling stocks.

Which major investors are buying Atkore International Group stock?

ATKR stock was purchased by a variety of institutional investors in the last quarter, including Sowell Financial Services LLC, Measured Wealth Private Client Group LLC, Exchange Traded Concepts LLC, Diversified Trust Co, and Janney Montgomery Scott LLC.
View insider buying and selling activity for Atkore International Group or or view top insider-buying stocks.

How do I buy shares of Atkore International Group?

Shares of ATKR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Atkore International Group's stock price today?

One share of ATKR stock can currently be purchased for approximately $46.94.

How big of a company is Atkore International Group?

Atkore International Group has a market capitalization of $2.23 billion and generates $1.77 billion in revenue each year. Atkore International Group employs 3,700 workers across the globe.

What is Atkore International Group's official website?

The official website for Atkore International Group is www.atkore.com.

How can I contact Atkore International Group?

Atkore International Group's mailing address is 16100 SOUTH LATHROP AVENUE, HARVEY IL, 60426. The company can be reached via phone at 708-339-1610 or via email at [email protected]

This page was last updated on 1/26/2021 by MarketBeat.com Staff

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