Atkore Inc (NYSE: ATKR) is -47.99% lower on its value in year-to-date trading and has touched a low of $76.01 and a high of $194.98 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ATKR stock was last observed hovering at around $82.92 in the last trading session, with the day’s gains setting it 0.29%.
Currently trading at $83.21, the stock is -5.86% and -6.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.13 million and changing 0.35% at the moment leaves the stock -32.47% off its SMA200. ATKR registered -48.53% loss for a year compared to 6-month loss of -36.11%. The firm has a 50-day simple moving average (SMA 50) of $89.2086 and a 200-day simple moving average (SMA200) of $123.64615.
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The stock witnessed a -7.22% gain in the last 1 month and extending the period to 3 months gives it a -0.85%, and is -2.46% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.37% over the week and 3.47% over the month.
Atkore Inc (ATKR) has around 5600 employees, a market worth around $2.89B and $3.20B in sales. Current P/E ratio is 6.59 and Fwd P/E is 8.62. Profit margin for the company is 14.58%. Distance from 52-week low is 9.47% and -57.32% from its 52-week high. The company has generated returns on investments over the last 12 months (18.90%).
The EPS is expected to shrink by -41.74% this year.
Atkore Inc (ATKR) Top Institutional Holders
522.0 institutions hold shares in Atkore Inc (ATKR), with institutional investors hold 106.79% of the company’s shares. The shares outstanding are 34.86M, and float is at 34.26M with Short Float at 7.76%. Institutions hold 105.78% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 3.94 million shares valued at $531.4 million. The investor’s holdings represent 10.7225% of the ATKR Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.74 million shares valued at $504.52 million to account for 10.18 of the shares outstanding. The other top investors are FMR LLC which holds 1.36 million shares representing 3.712% and valued at over $183.97 million, while MACQUARIE GROUP LTD holds 3.2548 of the shares totaling 1.2 million with a market value of $161.31 million.
Atkore Inc (ATKR) Insider Activity
The most recent transaction is an insider sale by Isbell Jeri L, the company’s Director. SEC filings show that Isbell Jeri L sold 3,353 shares of the company’s common stock on Dec 03 ’24 at a price of $94.03 per share for a total of $0.32 million. Following the sale, the insider now owns 25585.0 shares.
Still, SEC filings show that on Nov 27 ’24, BEVERLY C. WALTZ LIFETIME TRUS (Officer) Proposed Sale 59,019 shares at an average price of $92.64 for $5.47 million. The insider now directly holds shares of Atkore Inc (ATKR).
