AtkoreATKR
Market Cap: $3B
About: Atkore Inc is a diversified industrials company and a manufacturer of electrical, mechanical, and safety infrastructure solutions. Atkore has two business segments: electrical and safety and infrastructure. Net sales are highest in the electrical business line as well as in the United States. The key product categories in the electrical segment are PVC conduit, steel conduit, and PVC-coated conduit, which are staples for electrical distributors. The key product categories in the safety and infrastructure segment include in-line galvanized mechanical tube, metal framing and related fittings, and security bollards. Also, the company provides ancillary services to customers in the form of slitting and cutting structural steel sheets.
Employees: 5,600
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
23% more repeat investments, than reductions
Existing positions increased: 181 | Existing positions reduced: 147
1.72% more ownership
Funds ownership: 106.76% [Q1] → 108.48% (+1.72%) [Q2]
7% less first-time investments, than exits
New positions opened: 69 | Existing positions closed: 74
1% less funds holding
Funds holding: 449 [Q1] → 444 (-5) [Q2]
29% less capital invested
Capital invested by funds: $7.46B [Q1] → $5.32B (-$2.13B) [Q2]
38% less call options, than puts
Call options by funds: $39.2M | Put options by funds: $63.3M
83% less funds holding in top 10
Funds holding in top 10: 12 [Q1] → 2 (-10) [Q2]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Keybanc Jeffrey Hammond 70% 1-year accuracy 21 / 30 met price target | 49%upside $125 | Overweight Maintained | 7 Aug 2024 |
B. Riley Securities Alex Rygiel 52% 1-year accuracy 16 / 31 met price target | 61%upside $135 | Buy Maintained | 7 Aug 2024 |
RBC Capital Deane Dray 61% 1-year accuracy 37 / 61 met price target | 19%upside $100 | Sector Perform Downgraded | 7 Aug 2024 |
Keybanc Jeffrey Hammond 70% 1-year accuracy 21 / 30 met price target | 109%upside $175 | Overweight Initiated | 10 Jul 2024 |