During the last session, Atkore Inc. (NYSE:ATKR)’s traded shares were 0.8 million, with the beta value of the company hitting 2.52. At the end of the trading day, the stock’s price was $87.87, reflecting an intraday loss of -0.32% or -$0.28. The 52-week high for the ATKR share is $102.49, that puts it down -16.64 from that peak though still a striking 76.76% gain since the share price plummeted to a 52-week low of $20.42. The company’s market capitalization is $4.20B, and the average intraday trading volume over the past 10 days was 0.27 million shares, and the average trade volume was 424.90K shares over the past three months.
Atkore Inc. (ATKR) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.20. ATKR has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $3.82.
Atkore Inc. (NYSE:ATKR) trade information
Atkore Inc. (ATKR) registered a -0.32% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.32% in intraday trading to $87.87 this Friday, 10/15/21, hitting a weekly high. The stock’s 5-day price performance is 0.37%, and it has moved by -2.33% in 30 days. Based on these gigs, the overall price performance for the year is 263.55%. The short interest in Atkore Inc. (NYSE:ATKR) is 1.15 million shares and it means that shorts have 2.76 day(s) to cover.
The consensus price target of analysts on Wall Street is $105.75, which implies an increase of 16.91% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $99.00 and $115.00 respectively. As a result, ATKR is trading at a discount of -30.88% off the target high and -12.67% off the low.
Atkore Inc. (ATKR) estimates and forecasts
Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 223.70% this quarter and then drop -17.60% in the quarter after that. In the rating firms’ projections, revenue will increase 60.50% compared to the previous financial year.
Revenue for the current quarter is expected to be $835.14 million as predicted by 3 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to $544.73 million by the end of Dec 2021.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 110.20%. While earnings are projected to return 9.50% in 2021, the next five years will return 24.08% per annum.
Atkore Inc. is due to release its next quarterly earnings between November 17 and November 22. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Atkore Inc. (NYSE:ATKR)’s Major holders
Atkore Inc. insiders own 0.94% of total outstanding shares while institutional holders control 96.67%, with the float percentage being 97.59%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 365 institutions own stock in it. As of Jun 29, 2021, the company held over 5.1 million shares (or 11.06% of all shares), a total value of $361.99 million in shares.
The next largest institutional holding, with 3.09 million shares, is of Blackrock Inc.’s that is approximately 6.70% of outstanding shares. At the market price on Jun 29, 2021, these shares were valued at $219.32 million.
Also, the Mutual Funds coming in first place with the largest holdings of Atkore Inc. (ATKR) shares are Wells Fargo Special Small Cap Value Fd and Vanguard Total Stock Market Index Fund. Data provided on Jun 29, 2021 indicates that Wells Fargo Special Small Cap Value Fd owns about 1.4 million shares. This amounts to just over 3.03 percent of the company’s overall shares, with a $99.06 million market value. The same data shows that the other fund manager holds slightly less at 1.31 million, or about 2.83% of the stock, which is worth about $93.92 million.