2 days Ago By ABMN Staff
Atkore Inc. ( NYSE:ATKR – Get Free Report ) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 2,890,000 shares, an increase of 8.
6% from the November 30th total of 2,660,000 shares. Approximately 8.4% of the company’s shares are short sold.
Based on an average daily volume of 642,300 shares, the days-to-cover ratio is presently 4.5 days. Analyst Ratings Changes A number of analysts have recently commented on the stock.
KeyCorp dropped 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.
Loop Capital cut their price objective on shares of Atkore from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, November 22nd.
Royal Bank of Canada reiterated a “sector perform” rating and set a $102.00 target price (up from $93.00) on shares of Atkore in a report on Wednesday, December 4th.
Roth Capital upgraded Atkore to a “strong-buy” rating in a research note on Monday, December 16th. Finally, B. Riley cut Atkore from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $135.
00 to $84.00 in a research note on Friday, November 22nd. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company.
According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $115.67. Check Out Our Latest Stock Analysis on Atkore Insider Buying and Selling at Atkore Institutional Inflows and Outflows Several hedge funds have recently made changes to their positions in the stock.
Signaturefd LLC increased its position in Atkore by 445.6% during the third quarter. Signaturefd LLC now owns 491 shares of the company’s stock valued at $42,000 after acquiring an additional 401 shares during the last quarter.
Quarry LP increased its position in shares of Atkore by 48.8% during the 3rd quarter. Quarry LP now owns 634 shares of the company’s stock valued at $54,000 after purchasing an additional 208 shares during the last quarter.
Covestor Ltd lifted its stake in shares of Atkore by 63.7% in the 3rd quarter. Covestor Ltd now owns 1,002 shares of the company’s stock worth $85,000 after purchasing an additional 390 shares during the period.
Headlands Technologies LLC boosted its holdings in shares of Atkore by 829.9% in the second quarter. Headlands Technologies LLC now owns 902 shares of the company’s stock worth $122,000 after buying an additional 805 shares during the last quarter.
Finally, Pinnacle Associates Ltd. bought a new stake in Atkore during the third quarter valued at approximately $126,000. Atkore Price Performance Shares of NYSE ATKR opened at $83.
45 on Thursday. The firm has a market cap of $2.90 billion, a P/E ratio of 6.
61 and a beta of 2.10. Atkore has a twelve month low of $76.
01 and a twelve month high of $194.98. The company has a quick ratio of 1.
96, a current ratio of 2.98 and a debt-to-equity ratio of 0.50.
The company has a 50 day moving average of $88.74 and a 200 day moving average of $100.82.
Atkore ( NYSE:ATKR – Get Free Report ) last posted its quarterly earnings results on Thursday, November 21st. The company reported $2.02 earnings per share for the quarter, missing the consensus estimate of $2.
08 by ($0.06). Atkore had a return on equity of 32.
14% and a net margin of 14.77%. The business had revenue of $788.
30 million during the quarter, compared to analysts’ expectations of $749.49 million. During the same quarter in the prior year, the firm earned $3.
63 EPS. The firm’s revenue for the quarter was down 9.4% compared to the same quarter last year.
As a group, research analysts expect that Atkore will post 6.69 EPS for the current fiscal year. Atkore Announces Dividend The business also recently declared a quarterly dividend, which was paid on Monday, December 16th.
Stockholders of record on Friday, December 6th were paid a $0.32 dividend. The ex-dividend date was Friday, December 6th.
This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.53%.
Atkore’s dividend payout ratio is presently 10.13%. Atkore Company Profile ( Get Free Report ) 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. Featured Stories Receive News & Ratings for Atkore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atkore and related companies with MarketBeat.
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