Atkore (ATKR)

• Market cap: $2.9B
• 1 day: 0.82%
• 5 days: -0.56%
• 1 month: -0.89%
• 3 months: -4.16%
• 6 months: -37.88%
• Year to date: -48.88%
• 1 year: -47.09%
• 5 years: 105.27%
• 10 years: 421.25%
• 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 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]

7% more repeat investments, than reductions

Existing positions increased: 135 | Existing positions reduced: 126

9% less call options, than puts

Call options by funds: $32.8M | Put options by funds: $36M

8.55% less ownership

Funds ownership: 109.06% [Q2] → 100.5% (-8.55%) [Q3]

19% less funds holding

Funds holding: 446 [Q2] → 361 (-85) [Q3]

43% less capital invested

Capital invested by funds: $5.35B [Q2] → $3.05B (-$2.3B) [Q3]

58% less first-time investments, than exits

New positions opened: 62 | Existing positions closed: 147

Research analyst outlook

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

• Low target: $84 1% upside
• Avg. target: $100 20% upside
• High target: $115 38% upside

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

Roth MKM Justin Clare 44% 1-year accuracy 12 / 27 met price target	20% upside $100	Buy Initiated	17 Dec 2024
RBC Capital Deane Dray 54% 1-year accuracy 35 / 65 met price target	22% upside $102	Sector Perform Reiterated	4 Dec 2024
Loop Capital Chris Dankert 62% 1-year accuracy 8 / 13 met price target	38% upside $115	Buy Maintained	22 Nov 2024
B. Riley Securities Alex Rygiel 49% 1-year accuracy 17 / 35 met price target	1% upside $84	Neutral Downgraded	22 Nov 2024