Atkore (ATKR) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $82.84 to $86.05
• 50-Day Range: $82.48 to $104.54
• 52-Week Range: $80.11 to $194.98
• Volume: 1.30 million shs
• Average Volume: 622,100 shs
• Market Capitalization: $3.02 billion
• P/E Ratio: 5.90
• Dividend Yield: 1.52%
• Price Target: $131.60
• Consensus Rating: Moderate Buy

Atkore Stock Analysis - MarketRank™

Atkore scored higher than 61% of companies evaluated by MarketBeat, and ranked 96th out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Atkore has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Atkore has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -20.33%

Earnings Growth

Earnings for Atkore are expected to decrease by -20.33% in the coming year, from $12.69 to $10.11 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Atkore is 5.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.16.

Price to Earnings Ratio vs. Sector

The P/E ratio of Atkore is 5.90, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 22.29.

Price to Book Value per Share Ratio

Atkore has a P/B Ratio of 2.16. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

10.10% of the float of Atkore has been sold short.

Short Interest Ratio / Days to Cover

Atkore has a short interest ratio ("days to cover") of 5.2.

Change versus previous month

Short interest in Atkore has recently decreased by 2.19%, indicating that investor sentiment is improving.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Atkore pays a meaningful dividend of 1.44%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Atkore does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Atkore is 8.99%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Atkore will have a dividend payout ratio of 12.66% next year. This indicates that Atkore will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

10.10% of the float of Atkore has been sold short.

Short Interest Ratio / Days to Cover

Atkore has a short interest ratio ("days to cover") of 5.2.

Change versus previous month

Short interest in Atkore has recently decreased by 2.19%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.77

News Sentiment

Atkore has a news sentiment score of 0.77. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 14 news articles for Atkore this week, compared to 6 articles on an average week.

Search Interest

Only 9 people have searched for ATKR on MarketBeat in the last 30 days. This is a decrease of -36% compared to the previous 30 days.

MarketBeat Follows

Only 8 people have added Atkore to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Atkore insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $48,275.00 in company stock.

Percentage Held by Insiders

Only 2.56% of the stock of Atkore is held by insiders.

ATKR Stock Analysis - Frequently Asked Questions

How have ATKR shares performed this year?

Atkore's stock was trading at $160.00 at the start of the year. Since then, ATKR shares have decreased by 47.5% and is now trading at $84.08.
View the best growth stocks for 2024 here.

How were Atkore's earnings last quarter?

Atkore Inc. (NYSE:ATKR) released its earnings results on Tuesday, August, 6th. The company reported $3.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.52 by $0.28. The business's revenue for the quarter was down 10.5% compared to the same quarter last year.

When did Atkore IPO?

Atkore (ATKR) raised $252 million in an 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 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?

Top institutional investors of Atkore include Allspring Global Investments Holdings LLC (3.39%), State Street Corp (2.45%), Geode Capital Management LLC (2.43%) and FMR LLC (1.35%). Insiders that own company stock include William E Jr Waltz, Daniel S Kelly, David Paul Johnson, John W Pregenzer, Mark F Lamps, Scott H Muse, Leangela W Lowe, Justin A Kershaw, Wilbert W James Jr 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.

What other stocks do shareholders of Atkore own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Atkore investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

• Last Earnings: 8/06/2024
• Ex-Dividend for 8/30 Dividend: 8/20/2024
• Dividend Payable: 8/30/2024
• Today: 11/21/2024
• Next Earnings (Confirmed): 11/21/2024
• Ex-Dividend for 12/16 Dividend: 12/06/2024
• Dividend Payable: 12/16/2024
• Fiscal Year End: 9/30/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrial Products
• Industry: Miscellaneous electrical machinery, equipment, & supplies
• Sub-Industry: Electrical Equipment
• Current Symbol: NYSE:ATKR
• Previous Symbol: NASDAQ:ATKR
• CUSIP: N/A
• CIK: 1666138
• Web: www.atkore.com
• Phone: (708) 339-1610
• Fax: 708-339-2726
• Employees: 5,600
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $131.60
• High Stock Price Target: $188.00
• Low Stock Price Target: $100.00
• Potential Upside/Downside: +56.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.60
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $14.24
• Trailing P/E Ratio: 5.90
• Forward P/E Ratio: 6.63
• P/E Growth: N/A
• Net Income: $689.90 million
• Net Margins: 16.47%
• Pretax Margin: 20.58%
• Return on Equity: 36.96%
• Return on Assets: 19.04%

Debt

• Debt-to-Equity Ratio: 0.49
• Current Ratio: 3.26
• Quick Ratio: 2.03

Sales & Book Value

• Annual Sales: $3.52 billion
• Price / Sales: 0.86
• Cash Flow: $20.71 per share
• Price / Cash Flow: 4.06
• Book Value: $38.85 per share
• Price / Book: 2.16

Miscellaneous

• Outstanding Shares: 35,870,000
• Free Float: 34,947,000
• Market Cap: $3.02 billion
• Optionable: Optionable
• Beta: 2.13