Atkore (NYSE:ATKR) Shares Gap Up – Here’s Why

Atkore Inc. (NYSE:ATKR)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $57.94, but opened at $61.33. Atkore shares last traded at $61.9350, with a volume of 7,283 shares changing hands.

Analysts Set New Price Targets

A number of research analysts recently commented on ATKR shares. Citigroup lowered their price objective on Atkore from $66.00 to $64.00 and set a “neutral” rating for the company in a research note on Friday. Roth Capital reduced their price target on shares of Atkore from $67.00 to $65.00 and set a “buy” rating for the company in a report on Friday. Weiss Ratings cut shares of Atkore from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 24th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Atkore in a research report on Friday, November 14th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Atkore has a consensus rating of “Hold” and a consensus target price of $74.00.

Atkore Stock Up 1.1%

The firm’s fifty day moving average is $64.53 and its two-hundred day moving average is $66.07. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 19.93 and a beta of 2.12. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.09 and a quick ratio of 2.08.

Atkore (NYSE:ATKR) last released its earnings results on Thursday, November 20th. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.61). The company had revenue of $752.01 million for the quarter, compared to analyst estimates of $733.61 million. Atkore had a net margin of 3.89% and a return on equity of 16.16%. The firm’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.43 EPS. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. Q1 2026 guidance at 0.550-0.750 EPS. On average, sell-side analysts expect that Atkore Inc. will post 5.79 EPS for the current fiscal year.

Atkore Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Friday, December 5th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, December 5th. Atkore’s dividend payout ratio is -253.85%.

Insider Activity

In other news, insider Mark F. Lamps sold 1,000 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $64.75, for a total value of $64,750.00. Following the sale, the insider owned 29,923 shares of the company’s stock, valued at approximately $1,937,514.25. The trade was a 3.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.99% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ATKR. KLP Kapitalforvaltning AS lifted its holdings in Atkore by 24.4% in the 1st quarter. KLP Kapitalforvaltning AS now owns 16,800 shares of the company’s stock valued at $1,008,000 after acquiring an additional 3,300 shares during the last quarter. Cetera Investment Advisers bought a new stake in shares of Atkore in the 1st quarter worth approximately $201,000. Mackenzie Financial Corp lifted its stake in Atkore by 27.5% during the first quarter. Mackenzie Financial Corp now owns 7,573 shares of the company’s stock valued at $454,000 after purchasing an additional 1,635 shares during the last quarter. Federated Hermes Inc. lifted its stake in Atkore by 29,230.4% during the first quarter. Federated Hermes Inc. now owns 209,419 shares of the company’s stock valued at $12,563,000 after purchasing an additional 208,705 shares during the last quarter. Finally, Harbour Investments Inc. boosted its holdings in Atkore by 29.1% during the first quarter. Harbour Investments Inc. now owns 1,330 shares of the company’s stock worth $80,000 after buying an additional 300 shares in the last quarter.

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.