Atkore Inc. (NYSE:ATKR) Receives $131.60 Average PT from Analysts

Shares of Atkore Inc. (NYSE:ATKR - Get Free Report) have been given an average recommendation of "Moderate Buy" by the five brokerages that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $131.60.

Several research firms have issued reports on ATKR. KeyCorp cut their price target on Atkore from $125.00 to $105.00 and set an "overweight" rating for the company in a report on Friday, September 13th. Loop Capital reduced their target price on shares of Atkore from $160.00 to $130.00 and set a "buy" rating for the company in a report on Friday, September 20th. B. Riley lowered their price target on shares of Atkore from $183.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, August 7th. Finally, Royal Bank of Canada cut shares of Atkore from an "outperform" rating to a "sector perform" rating and reduced their price objective for the stock from $175.00 to $100.00 in a research note on Wednesday, August 7th.

Insider Buying and Selling at Atkore

In other Atkore news, insider Mark F. Lamps sold 500 shares of Atkore stock in a transaction on Monday, August 12th. The shares were sold at an average price of $95.47, for a total value of $47,735.00. Following the sale, the insider now directly owns 28,086 shares in the company, valued at approximately $2,681,370.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.56% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ATKR. Signaturefd LLC boosted its stake in Atkore by 445.6% during the third quarter. Signaturefd LLC now owns 491 shares of the company's stock worth $42,000 after buying an additional 401 shares during the period. Quarry LP bought a new stake in shares of Atkore in the 2nd quarter worth about $57,000. Mather Group LLC. boosted its stake in shares of Atkore by 895.7% during the 2nd quarter. Mather Group LLC. now owns 468 shares of the company's stock worth $63,000 after purchasing an additional 421 shares during the period. Covestor Ltd raised its position in Atkore by 63.7% in the 3rd quarter. Covestor Ltd now owns 1,002 shares of the company's stock worth $85,000 after purchasing an additional 390 shares during the period. Finally, Headlands Technologies LLC lifted its stake in Atkore by 829.9% in the second quarter. Headlands Technologies LLC now owns 902 shares of the company's stock worth $122,000 after purchasing an additional 805 shares during the last quarter.

Atkore Stock Performance

Shares of ATKR traded down $7.39 on Friday, reaching $95.31. The company's stock had a trading volume of 1,222,526 shares, compared to its average volume of 544,857. Atkore has a 12-month low of $80.11 and a 12-month high of $194.98. The stock has a market capitalization of $3.42 billion, a P/E ratio of 6.69 and a beta of 2.13. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.26 and a quick ratio of 2.03. The stock's 50 day simple moving average is $87.04 and its two-hundred day simple moving average is $119.08.

Atkore (NYSE:ATKR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $3.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.52 by $0.28. The firm had revenue of $822.40 million during the quarter, compared to the consensus estimate of $830.16 million. Atkore had a net margin of 16.47% and a return on equity of 36.96%. The company's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.13 EPS. Research analysts forecast that Atkore will post 12.69 earnings per share for the current fiscal year.

Atkore Company Profile

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.