Atkore (ATKR)

• Market cap: $2.26B
• 1 day: -2.21%
• 5 days: -7.12%
• 1 month: -25.40%
• 3 months: -22.74%
• 6 months: -32.80%
• Year to date: -19.22%
• 1 year: -54.41%
• 5 years: 58.35%
• 10 years: 311.13%
• Sector: Industrials
• Industry: Miscellaneous Electrical Machinery, Equipment & Supplies

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. 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 tubes, 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. Geographically, the company derives its key revenue from the United States.

Employees: 5,600

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

5.49% more ownership

Funds ownership: 101.47% [Q3] → 106.96% (+5.49%) [Q4]

0% more capital invested

Capital invested by funds: $3.08B [Q3] → $3.1B (+$12.9M) [Q4]

7% less repeat investments, than reductions

Existing positions increased: 115 | Existing positions reduced: 123

13% less funds holding

Funds holding: 362 [Q3] → 315 (-47) [Q4]

28% less call options, than puts

Call options by funds: $19.9M | Put options by funds: $27.5M

47% less first-time investments, than exits

New positions opened: 44 | Existing positions closed: 83

67% less funds holding in top 10

Funds holding in top 10: 3 [Q3] → 1 (-2) [Q4]

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $65 1% downside
• Avg. target: $86 31% upside
• High target: $102 55% upside

5 analyst ratings

• positive: 2 40%
• neutral: 3 60%
• negative: 0 0%

Loop Capital Chris Dankert 69% 1-year accuracy 11 / 16 met price target	1% downside $65	Hold Downgraded	10 Feb 2025
Keybanc Jeffrey Hammond 54% 1-year accuracy 20 / 37 met price target	22% upside $80	Overweight Maintained	5 Feb 2025
Roth MKM Justin Clare 58% 1-year accuracy 15 / 26 met price target	52% upside $100	Buy Initiated	17 Dec 2024
RBC Capital Deane Dray 47% 1-year accuracy 27 / 57 met price target	55% upside $102	Sector Perform Reiterated	4 Dec 2024
B. Riley Securities Alex Rygiel 47% 1-year accuracy 14 / 30 met price target	28% upside $84	Neutral Downgraded	22 Nov 2024