ATKR Stock Summary and Trading Ideas (Atkore | NYSE:ATKR)

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.

Atkore trades on the NYSE stock market under the symbol ATKR.

As of January 29, 2025, ATKR stock price declined to $80.55 with 286,862 million shares trading.

ATKR has a beta of 1.48, meaning it tends to be more sensitive to market movements. ATKR has a correlation of 0.17 to the broad based SPY ETF.

ATKR has a market cap of $2.80 billion. This is considered a Mid Cap stock.

Last quarter Atkore reported $788 million in Revenue and $2.43 earnings per share. This beat revenue expectation by $40 million and missed earnings estimates by -$.04.

In the last 3 years, ATKR traded as high as $194.98 and as low as $70.50.

The top ETF exchange traded funds that ATKR belongs to (by Net Assets): VTI, IWM, VB, AIRR, AVUV.

ATKR has underperformed the market in the last year with a price return of -46.6% while the SPY ETF gained +24.9%. ATKR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -8.3% and -2.8%, respectively, while the SPY returned +4.0% and +3.4%, respectively.

ATKR support price is $79.06 and resistance is $83.16 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ATKR shares will trade within this expected range on the day.