AtkoreATKR
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 Q3 regulatory filings by fund managers ($100M+ AUM)
50% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 3 (+1) [Q3]
8% more repeat investments, than reductions
Existing positions increased: 135 | Existing positions reduced: 125
9% less call options, than puts
Call options by funds: $32.8M | Put options by funds: $36M
8.58% less ownership
Funds ownership: 109.06% [Q2] → 100.47% (-8.58%) [Q3]
20% less funds holding
Funds holding: 446 [Q2] → 359 (-87) [Q3]
43% less capital invested
Capital invested by funds: $5.35B [Q2] → $3.05B (-$2.3B) [Q3]
59% less first-time investments, than exits
New positions opened: 61 | Existing positions closed: 148
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Loop Capital Chris Dankert 91% 1-year accuracy 10 / 11 met price target | 46%upside $130 | Buy Maintained | 20 Sept 2024 |
Keybanc Jeffrey Hammond 69% 1-year accuracy 24 / 35 met price target | 18%upside $105 | Overweight Maintained | 13 Sept 2024 |
