Atkore’s (ATKR) “Sector Perform” Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada restated their sector perform rating on shares of Atkore (NYSE:ATKR) in a research report released on Thursday morning,Benzinga reports. Royal Bank Of Canada currently has a $252.00 price objective on the stock.

ATKR has been the topic of several other reports. Citigroup raised their target price on Atkore from $74.00 to $86.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Atkore in a research report on Friday, May 1st. Finally, Wall Street Zen raised Atkore from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Atkore presently has a consensus rating of “Hold” and an average target price of $138.33.

Atkore Trading Up 0.4%

Atkore stock opened at $73.45 on Thursday. The company has a quick ratio of 2.02, a current ratio of 2.64 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average price of $77.19 and a two-hundred day moving average price of $70.20. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of -20.52 and a beta of 1.68. Atkore has a 52-week low of $53.49 and a 52-week high of $90.16.

Atkore (NYSE:ATKR) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.00 by $0.23. The company had revenue of $731.38 million for the quarter, compared to analyst estimates of $714.18 million. Atkore had a negative net margin of 4.19% and a positive return on equity of 9.22%. Atkore’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.04 earnings per share. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. Sell-side analysts expect that Atkore will post 4.75 earnings per share for the current year.

Atkore Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, May 19th. Atkore’s dividend payout ratio is currently -36.87%.

Insider Activity at Atkore

In other Atkore news, Director Wilbert W. James, Jr. sold 3,299 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $73.61, for a total transaction of $242,839.39. Following the completion of the transaction, the director directly owned 17,063 shares of the company’s stock, valued at approximately $1,256,007.43. This trade represents a 16.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Justin A. Kershaw sold 2,799 shares of Atkore stock in a transaction on Friday, May 8th. The shares were sold at an average price of $73.67, for a total value of $206,202.33. Following the transaction, the director owned 18,610 shares in the company, valued at approximately $1,370,998.70. This trade represents a 13.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.10% of the company’s stock.

Institutional Trading of Atkore

Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC lifted its holdings in Atkore by 657.2% in the 4th quarter. SG Americas Securities LLC now owns 32,023 shares of the company’s stock valued at $2,025,000 after acquiring an additional 27,794 shares during the last quarter. Irenic Capital Management LP acquired a new position in shares of Atkore in the 4th quarter worth approximately $884,000. LSV Asset Management raised its holdings in shares of Atkore by 5.8% in the 4th quarter. LSV Asset Management now owns 960,450 shares of the company’s stock worth $60,748,000 after purchasing an additional 52,850 shares in the last quarter. Willis Investment Counsel lifted its stake in Atkore by 237.7% during the fourth quarter. Willis Investment Counsel now owns 39,351 shares of the company’s stock valued at $2,489,000 after purchasing an additional 27,698 shares during the last quarter. Finally, HighTower Advisors LLC lifted its stake in Atkore by 62.9% during the fourth quarter. HighTower Advisors LLC now owns 20,336 shares of the company’s stock valued at $1,286,000 after purchasing an additional 7,856 shares during the last quarter.

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.