Atkore Inc. (NYSE:ATKR – Free Report) – Investment analysts at Roth Capital issued their Q1 2025 earnings per share estimates for shares of Atkore in a research report issued on Monday, December 16th. Roth Capital analyst J. Clare expects that the company will earn $1.05 per share for the quarter. Roth Capital has a “Strong-Buy” rating on the stock. The consensus estimate for Atkore’s current full-year earnings is $6.69 per share. Roth Capital also issued estimates for Atkore’s Q2 2025 earnings at $1.59 EPS, Q3 2025 earnings at $2.05 EPS, Q4 2025 earnings at $1.85 EPS, FY2025 earnings at $6.55 EPS, FY2026 earnings at $6.98 EPS and FY2027 earnings at $7.90 EPS.
ATKR has been the topic of several other reports. Loop Capital reduced their price objective on Atkore from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Roth Mkm assumed coverage on Atkore in a research report on Tuesday. They issued a “buy” rating and a $100.00 price target on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $102.00 price objective (up from $93.00) on shares of Atkore in a research report on Wednesday, December 4th. KeyCorp reduced their target price on shares of Atkore from $125.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, September 13th. Finally, B. Riley cut shares of Atkore from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $135.00 to $84.00 in a report on Friday, November 22nd. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Atkore presently has an average rating of “Moderate Buy” and a consensus target price of $115.67.
Atkore Stock Performance
Shares of ATKR stock opened at $83.40 on Thursday. The firm has a 50 day moving average of $89.41 and a two-hundred day moving average of $104.33. The stock has a market capitalization of $2.90 billion, a PE ratio of 6.60 and a beta of 2.10. The company has a quick ratio of 1.96, a current ratio of 2.98 and a debt-to-equity ratio of 0.50. Atkore has a 52 week low of $76.01 and a 52 week high of $194.98.
Atkore (NYSE:ATKR – Get Free Report) last issued its quarterly earnings results on Thursday, November 21st. The company reported $2.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.06). The business had revenue of $788.30 million for the quarter, compared to analyst estimates of $749.49 million. Atkore had a return on equity of 32.14% and a net margin of 14.77%. The firm’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted $3.63 EPS.
Atkore Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, December 6th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.28 annualized dividend and a yield of 1.53%. Atkore’s dividend payout ratio is currently 10.13%.
Insiders Place Their Bets
In other news, VP Daniel S. Kelly sold 13,071 shares of Atkore stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $95.74, for a total transaction of $1,251,417.54. Following the sale, the vice president now owns 27,528 shares in the company, valued at approximately $2,635,530.72. The trade was a 32.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark F. Lamps sold 500 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $96.55, for a total value of $48,275.00. Following the completion of the sale, the insider now directly owns 27,626 shares of the company’s stock, valued at $2,667,290.30. The trade was a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,924 shares of company stock valued at $1,614,975. 2.56% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Atkore
A number of hedge funds have recently modified their holdings of ATKR. Allspring Global Investments Holdings LLC boosted its stake in Atkore by 26.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,234,350 shares of the company’s stock worth $104,599,000 after purchasing an additional 261,234 shares during the period. American Century Companies Inc. grew its holdings in shares of Atkore by 22.9% during the second quarter. American Century Companies Inc. now owns 773,697 shares of the company’s stock worth $104,395,000 after buying an additional 144,283 shares during the last quarter. Royce & Associates LP increased its position in Atkore by 20.2% in the 3rd quarter. Royce & Associates LP now owns 396,054 shares of the company’s stock valued at $33,562,000 after acquiring an additional 66,533 shares during the period. William Blair Investment Management LLC raised its stake in Atkore by 5.4% during the 2nd quarter. William Blair Investment Management LLC now owns 395,388 shares of the company’s stock valued at $53,350,000 after acquiring an additional 20,229 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Atkore by 23.5% during the 2nd quarter. Principal Financial Group Inc. now owns 336,835 shares of the company’s stock worth $45,449,000 after acquiring an additional 64,050 shares during the period.
About Atkore
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.
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