Atkore (ATKR) Stock Price, News & Analysis

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Atkore in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ATKR shares.
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3 equities research analysts have issued 1 year price targets for Atkore's stock. Their ATKR share price targets range from $186.00 to $200.00. On average, they anticipate the company's stock price to reach $191.00 in the next twelve months. This suggests a possible upside of 21.2% from the stock's current price.
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Atkore's stock was trading at $160.00 at the start of the year. Since then, ATKR stock has decreased by 1.5% and is now trading at $157.63.
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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 days-to-cover ratio is currently 12.0 days. Currently, 16.1% of the company's stock are sold short.
View Atkore's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024.
View our ATKR earnings forecast.

Atkore Inc. (NYSE:ATKR) released its earnings results on Monday, May, 6th. The company reported $4.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.86. The company had revenue of $792.90 million for the quarter, compared to the consensus estimate of $808.22 million. Atkore had a trailing twelve-month return on equity of 46.79% and a net margin of 18.80%. The firm's revenue was down 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.31 earnings per share.

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 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Monday, May 20th.
Read our dividend analysis for ATKR.

Atkore (NYSE:ATKR) pays an annual dividend of $1.28 per share and currently has a dividend yield of 0.73%. The dividend payout ratio is 7.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ATKR will have a dividend payout ratio of 7.80% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ATKR.

ETFs with the largest weight of Atkore (NYSE:ATKR) stock in their portfolio include First Trust RBA American Industrial Renaissance ETF (AIRR), The Acquirers Fund (ZIG), Ballast Small/Mid Cap ETF (MGMT), Euclidean Fundamental Value ETF (ECML), Corbett Road Tactical Opportunity ETFNew (OPPX), Invesco Global Clean Energy ETF (PBD), WisdomTree U.S. Growth & Momentum Fund (WGRO) and Distillate Small/Mid Cash Flow ETF (DSMC).

Atkore updated its FY 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share guidance of 16.000-17.000 for the period, compared to the consensus EPS estimate of 16.930. The company issued revenue guidance of -.

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.

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).

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 acted as the underwriters for the IPO and Citigroup, RBC Capital Markets and Wells Fargo Securities were co-managers.

Atkore's stock is owned by a number of institutional and retail investors. Top institutional shareholders include LSV Asset Management (2.27%), Allspring Global Investments Holdings LLC (2.06%), Zurcher Kantonalbank Zurich Cantonalbank (1.51%), Principal Financial Group Inc. (0.74%), Mirae Asset Global Investments Co. Ltd. (0.53%) and Raymond James & Associates (0.50%). Insiders that own company stock include A Mark Zeffiro, 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.
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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.
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