Atkore International Group Stock Today
| ATKR Stock | USD 171.18 1.06 0.62% |
Performance6 of 100
| Odds Of DistressLess than 3
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Atkore International is selling at 171.18 as of the 19th of April 2024; that is 0.62 percent up since the beginning of the trading day. The stock's lowest day price was 170.06. Atkore International has a very small chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Atkore International Group are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 10th of June 2016 | Category Industrials |
Atkore Inc. manufactures and sells electrical, safety, and infrastructure products in the United States and internationally. Atkore Inc. was founded in 1959 and is headquartered in Harvey, Illinois. Atkore operates under Electrical Equipment Parts classification in the United States and is traded on New York Stock Exchange. The company has 36.77 M outstanding shares of which 5.06 M shares are presently shorted by private and institutional investors with about 10.9 trading days to cover. More on Atkore International Group
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Follow Valuation Options Odds of Bankruptcy
Financial Report 14th of May 2024
Atkore Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Atkore International's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Atkore International or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President CEO, Director | John Williamson | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Electrical Components & Equipment, Electrical Equipment & Parts, Industrials, NYSE Composite, Industrials, Electrical Equipment, Electrical Equipment & Parts, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Atkore International report their recommendations after researching Atkore International's financial statements, talking to executives and customers, or listening in on Atkore International's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Atkore International. The Atkore consensus assessment is calculated by taking the average forecast from all of the analysts covering Atkore International. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Atkore International's profitability, liquidity, and operating efficiency, Atkore International Group is doing better financially then in previous quarter. It has a moderate probability of reporting better financial numbers in May. Financial strength of Atkore International is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Atkore International's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Atkore International's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. Atkore International's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Atkore International's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Atkore International's financial leverage. It provides some insight into what part of Atkore International's total assets is financed by creditors.
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Atkore International Group (ATKR) is traded on New York Stock Exchange in USA. It is located in 16100 South Lathrop Avenue, Harvey, IL, United States, 60426 and employs 4,816 people. Atkore International is listed under Electrical Components & Equipment category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 6.29 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Atkore International's market, we take the total number of its shares issued and multiply it by Atkore International's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Atkore International conducts business under Electrical Equipment sector and is part of Industrials industry. The entity has 36.77 M outstanding shares of which 5.06 M shares are presently shorted by private and institutional investors with about 10.9 trading days to cover.
Atkore International Group currently holds about 186.65 M in cash with 807.63 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.52.
Check Atkore International Probability Of Bankruptcy
Ownership AllocationAtkore International retains a total of 36.77 Million outstanding shares. The majority of Atkore International Group outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Atkore International to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Atkore International. Please pay attention to any change in the institutional holdings of Atkore International Group as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Atkore Ownership Details
Atkore Stock Price Odds Analysis
In regard to a normal probability distribution, the odds of Atkore International jumping above the current price in 90 days from now is about 32.89%. The Atkore International Group probability density function shows the probability of Atkore International stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.8929. This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Atkore International will likely underperform. Additionally, atkore International Group has an alpha of 0.1167, implying that it can generate a 0.12 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Atkore International to move above the current price in 90 days from now is about 32.89 (This Atkore International Group probability density function shows the probability of Atkore Stock to fall within a particular range of prices over 90 days) .
Atkore Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Atkore International that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Atkore International's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Atkore International's value.| Instituion | Recorded On | Shares | |
| Amvescap Plc. | 2023-12-31 | 786.6 K | |
| Fuller & Thaler Asset Management Inc | 2023-12-31 | 725.8 K | |
| Allspring Global Investments Holdings, Llc | 2023-12-31 | 629.4 K | |
| Goldman Sachs Group Inc | 2023-12-31 | 600.9 K | |
| Gw&k Investment Management, Llc | 2023-12-31 | 572.9 K | |
| Zurcher Kantonalbank | 2023-12-31 | 564.4 K | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 558 K | |
| Ameriprise Financial Inc | 2023-12-31 | 514.7 K | |
| American Century Companies Inc | 2023-12-31 | 489.9 K | |
| Blackrock Inc | 2023-12-31 | 4.5 M | |
| Vanguard Group Inc | 2023-12-31 | 4.1 M |
Atkore International Historical Income Statement
Atkore International Group Income Statement is one of the three primary financial statements used for reporting Atkore's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Atkore International revenue and expense. Atkore International Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Atkore International's Net Income From Continuing Ops is relatively stable compared to the past year. As of 04/19/2024, Net Income Applicable To Common Shares is likely to grow to about 820.2 M, while Total Revenue is likely to drop slightly above 2.3 B. View More FundamentalsAtkore Stock Against Markets
Picking the right benchmark for Atkore International stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Atkore International stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Atkore International is critical whether you are bullish or bearish towards Atkore International Group at a given time. Please also check how Atkore International's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Atkore International without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Atkore International Corporate Directors
Atkore International corporate directors refer to members of an Atkore International board of directors. The board of directors generally takes responsibility for the Atkore International's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Atkore International's board members must vote for the resolution. The Atkore International board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Nathan Sleeper | Director | Profile | |
| Scott Muse | Independent Director | Profile | |
| James Berges | Director | Profile | |
| Jeri Isbell | Independent Director | Profile |
How to buy Atkore Stock?
Before investing in Atkore International, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Atkore International. To buy Atkore International stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Atkore International. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Atkore International stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Atkore International Group stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Atkore International Group stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Atkore International Group, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Atkore Stock please use our How to Invest in Atkore International guide.
Already Invested in Atkore International Group?
The danger of trading Atkore International Group is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Atkore International is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Atkore International. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Atkore International is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Atkore International is a strong investment it is important to analyze Atkore International's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Atkore International's future performance. For an informed investment choice regarding Atkore Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Atkore International Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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When running Atkore International's price analysis, check to measure Atkore International's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Atkore International is operating at the current time. Most of Atkore International's value examination focuses on studying past and present price action to predict the probability of Atkore International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atkore International's price. Additionally, you may evaluate how the addition of Atkore International to your portfolios can decrease your overall portfolio volatility.
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Is Atkore International's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Atkore International. If investors know Atkore will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Atkore International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.14) | Earnings Share 16.67 | Revenue Per Share 91.461 | Quarterly Revenue Growth (0.04) | Return On Assets 0.1902 |
The market value of Atkore International is measured differently than its book value, which is the value of Atkore that is recorded on the company's balance sheet. Investors also form their own opinion of Atkore International's value that differs from its market value or its book value, called intrinsic value, which is Atkore International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Atkore International's market value can be influenced by many factors that don't directly affect Atkore International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Atkore International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Atkore International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atkore International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.