The price of Atkore Inc. (NYSE:ATKR) shares last traded on Wall Street fell -6.21% to $131.32.
Based on available information, 5 analysts follow Atkore Inc. (NYSE:ATKR). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $185.00 and a low of $156.00, we find $170.00. Given the previous closing price of $140.02, this indicates a potential upside of 21.41 percent. ATKR stock price is now -2.69% away from the 50-day moving average and 24.29% away from the 200-day moving average. The market capitalization of the company currently stands at $5.47B.
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Among analysts, 1 rate the stock a hold while 4 rate it a buy. Brokers who have rated the stock have averaged $169.80 as their price target over the next twelve months.
With the price target of $146, B. Riley Securities recently initiated with Buy rating for Atkore Inc. (NYSE: ATKR). On October 19, 2022, Loop Capital recently initiated its ‘Buy’ rating on the stock quoting a target price of $110, while ‘CJS Securities’ rates the stock as ‘Market Outperform’.
In other news, Johnson David Paul, Vice President and CFO sold 10,000 shares of the company’s stock on Mar 09. The stock was sold for $1,497,877 at an average price of $149.79. Upon completion of the transaction, the Vice President and CFO now directly owns 30,114 shares in the company, valued at $3.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01, President, Electrical Pregenzer John W sold 4,754 shares of the business’s stock. A total of $713,100 was realized by selling the stock at an average price of $150.00. This leaves the insider owning 26,297 shares of the company worth $3.45 million. Insiders disposed of 190,135 shares of company stock worth roughly $24.97 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ATKR stock. A new stake in Atkore Inc. shares was purchased by HILL CITY CAPITAL, LP during the first quarter worth $39,233,000. ACK ASSET MANAGEMENT LLC invested $32,173,000 in shares of ATKR during the first quarter. In the first quarter, WEDGE CAPITAL MANAGEMENT L L P/NC acquired a new stake in Atkore Inc. valued at approximately $15,850,000. SAMLYN CAPITAL, LLC acquired a new stake in ATKR for approximately $11,778,000. CAMBRIA INVESTMENT MANAGEMENT, L.P. purchased a new stake in ATKR valued at around $7,553,000 in the second quarter.
A candlestick chart of Atkore Inc. (NYSE: ATKR) showed a price of $136.10 on Wednesday morning. During the past 12 months, Atkore Inc. has had a low of $70.50 and a high of $154.86. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.00, and a quick ratio of 2.00. The fifty day moving average price for ATKR is $135.31 and a two-hundred day moving average price translates $105.79 for the stock.
The latest earnings results from Atkore Inc. (NYSE: ATKR) was released for Dec, 2022. According to the Electrical Equipment & Parts Company, earnings per share came in at $4.61, beating analysts’ expectations of $3.98 by 0.63. This compares to $4.40 EPS in the same period last year. The company reported revenue of $833.82 million for the quarter, compared to $840.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.83 percent. For the current quarter, analysts expect ATKR to generate $907.9M in revenue.
Atkore Inc.(ATKR) Company Profile
Atkore Inc. engages in the manufacture and sale of electrical, safety, and infrastructure products in the United States and internationally. The company offers conduits, cables, and installation accessories. It also designs and manufactures safety and infrastructure solutions, 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, as well as infrastructure; diversified industrials; alternative power generation; healthcare; data centers; and government 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.
