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NYSE:ATKR

Atkore (ATKR) Stock Price, News & Analysis

$156.00
+3.16 (+2.07%)
(As of 05/24/2024 ET)
Today's Range
$152.43
$156.20
50-Day Range
$151.78
$193.61
52-Week Range
$116.14
$194.98
Volume
426,991 shs
Average Volume
658,256 shs
Market Capitalization
$5.68 billion
P/E Ratio
9.73
Dividend Yield
0.82%
Price Target
$187.00

Atkore MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
19.9% Upside
$187.00 Price Target
Short Interest
Bearish
16.09% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.26mentions of Atkore in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$25.20 M Sold Last Quarter
Proj. Earnings Growth
8.57%
From $14.93 to $16.21 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.

2.13 out of 5 stars

Industrial Products Sector

129th out of 165 stocks

Miscellaneous Electrical Machinery, Equipment, & Supplies Industry

17th out of 27 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

Atkore Inc. Q2 Profit Decreases, but beats estimates
Atkore Inc. Declares Quarterly Dividend
ATKR May 2024 155.000 call
Atkore: Tame The Enthusiasm
Atkore Inc
See More Headlines
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Company Calendar

Ex-Dividend for 3/15 Dividend
2/26/2024
Dividend Payable
3/15/2024
Last Earnings
5/06/2024
Ex-Dividend for 5/31 Dividend
5/20/2024
Today
5/26/2024
Dividend Payable
5/31/2024
Next Earnings (Estimated)
8/13/2024
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
$187.00
High Stock Price Target
$188.00
Low Stock Price Target
$186.00
Potential Upside/Downside
+19.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$689.90 million
Pretax Margin
21.83%

Debt

Sales & Book Value

Annual Sales
$3.52 billion
Cash Flow
$22.35 per share
Book Value
$43.15 per share

Miscellaneous

Free Float
35,497,000
Market Cap
$5.68 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 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.
View ATKR analyst ratings
or view top-rated stocks.

What is Atkore's stock price target for 2024?

3 equities research analysts have issued 1-year price targets for Atkore's stock. Their ATKR share price targets range from $186.00 to $188.00. On average, they predict the company's stock price to reach $187.00 in the next year. This suggests a possible upside of 19.9% 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 beginning of the year. Since then, ATKR stock has decreased by 2.5% and is now trading at $156.00.
View the best growth stocks for 2024 here
.

Are investors shorting Atkore?

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 daily trading volume, of 485,800 shares, the short-interest ratio is presently 12.0 days. Approximately 16.1% of the company's shares 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, August 13th 2024.
View our ATKR earnings forecast
.

How were Atkore's earnings last quarter?

Atkore Inc. (NYSE:ATKR) posted its earnings results on Monday, May, 6th. The company reported $4.08 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $0.86. The business earned $792.90 million during the quarter, compared to the consensus estimate of $808.22 million. Atkore had a trailing twelve-month return on equity of 43.19% and a net margin of 18.30%. Atkore's revenue was down 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.31 EPS.

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

Atkore declared a quarterly dividend on Thursday, May 2nd. Stockholders of record on Tuesday, May 21st will be given a dividend of $0.32 per share on Friday, May 31st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Monday, May 20th.
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 0.82%. The dividend payout ratio is 7.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ATKR will have a dividend payout ratio of 7.90% 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 FY 2024 earnings guidance on Wednesday, May, 8th. The company provided EPS guidance of 16.000-17.000 for the period, compared to the consensus earnings per share estimate of 16.930. The company issued revenue guidance of -.

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 (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.

Who are Atkore's major shareholders?

Atkore's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.57%), LSV Asset Management (2.27%), Allspring Global Investments Holdings LLC (2.06%), Zurcher Kantonalbank Zurich Cantonalbank (1.51%), Clearbridge Investments LLC (1.41%) and Price T Rowe Associates Inc. MD (1.23%). Insiders that own company stock include 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 5/26/2024 by MarketBeat.com Staff

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