Is Atkore International Stock a Good Investment?
Atkore International Investment Advice | ATKR |
- Examine Atkore International's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Atkore International's leadership team and their track record. Good management can help Atkore International navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Electrical Components & Equipment space and any emerging trends that could impact Atkore International's business and its evolving consumer preferences.
- Compare Atkore International's performance and market position to its competitors. Analyze how Atkore International is positioned in terms of product offerings, innovation, and market share.
- Check if Atkore International pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Atkore International's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Atkore International Group stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that 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. Below is a detailed guide on how to decide if Atkore International Group is a good investment.
Sell | Buy |
Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Atkore International Stock
Researching Atkore International's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 99.0% of the company shares are held by institutions such as insurance companies. The book value of Atkore International was presently reported as 43.54. The company has Price/Earnings To Growth (PEG) ratio of 1.39. Atkore International recorded earning per share (EPS) of 14.26. The entity last dividend was issued on the 20th of August 2024.
To determine if Atkore International is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Atkore International's research are outlined below:
| Atkore International generated a negative expected return over the last 90 days | |
| Over 99.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from investing.com: Atkores Mark Lamps sells 48,275 in stock |
Atkore International Quarterly Accounts Payable |
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Atkore International uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Atkore International Group. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Atkore International's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 1st of February 2024 Upcoming Quarterly Report | View | |
| 14th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 15th of November 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 30th of September 2023 Last Financial Announcement | View |
Earnings surprises can significantly impact Atkore International's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Atkore International's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2019-05-07 | 2019-03-31 | 0.75 | 0.83 | 0.08 | 10 | ||
2018-11-28 | 2018-09-30 | 0.71 | 0.79 | 0.08 | 11 | ||
2018-02-06 | 2017-12-31 | 0.35 | 0.46 | 0.11 | 31 | ||
2016-08-02 | 2016-06-30 | 0.31 | 0.42 | 0.11 | 35 | ||
2020-02-04 | 2019-12-31 | 0.82 | 0.94 | 0.12 | 14 | ||
2016-11-29 | 2016-09-30 | 0.36 | 0.24 | -0.12 | 33 | ||
2019-08-07 | 2019-06-30 | 0.91 | 1.04 | 0.13 | 14 | ||
2017-02-07 | 2016-12-31 | 0.23 | 0.36 | 0.13 | 56 |
Know Atkore International's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Atkore International is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Atkore International Group backward and forwards among themselves. Atkore International's institutional investor refers to the entity that pools money to purchase Atkore International's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Amvescap Plc. | 2024-06-30 | 860.1 K | Lsv Asset Management | 2024-09-30 | 743.9 K | Harding Loevner L.p. | 2024-06-30 | 665.6 K | Jpmorgan Chase & Co | 2024-06-30 | 620.9 K | Ameriprise Financial Inc | 2024-06-30 | 606 K | Fmr Inc | 2024-09-30 | 485.2 K | Charles Schwab Investment Management Inc | 2024-09-30 | 480 K | Clearbridge Advisors, Llc | 2024-06-30 | 476.6 K | Hill City Capital, Lp | 2024-09-30 | 460.9 K | Blackrock Inc | 2024-06-30 | 3.9 M | Vanguard Group Inc | 2024-09-30 | 3.8 M |
Atkore International's market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 3.19 B.Market Cap |
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Atkore International's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.28 | 0.29 | |
| Return On Capital Employed | 0.34 | 0.36 | |
| Return On Assets | 0.21 | 0.22 | |
| Return On Equity | 0.42 | 0.26 |
Determining Atkore International's profitability involves analyzing its financial statements and using various financial metrics to determine if Atkore International is a good buy. For example, gross profit margin measures Atkore International's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Atkore International's profitability and make more informed investment decisions.
Atkore International's Earnings Breakdown by Geography
Evaluate Atkore International's management efficiency
Atkore International has return on total asset (ROA) of 0.1543 % which means that it generated a profit of $0.1543 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.3649 %, meaning that it created $0.3649 on every $100 dollars invested by stockholders. Atkore International's management efficiency ratios could be used to measure how well Atkore International manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Atkore International's Return On Tangible Assets are relatively stable compared to the past year. As of 11/18/2024, Return On Capital Employed is likely to grow to 0.36, while Return On Equity is likely to drop 0.26. At this time, Atkore International's Non Currrent Assets Other are relatively stable compared to the past year. As of 11/18/2024, Net Tangible Assets is likely to grow to about 920.9 M, while Non Current Assets Total are likely to drop slightly above 868.9 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 34.06 | 35.76 | |
| Tangible Book Value Per Share | 17.69 | 18.58 | |
| Enterprise Value Over EBITDA | 5.54 | 5.81 | |
| Price Book Value Ratio | 4.53 | 5.31 | |
| Enterprise Value Multiple | 5.54 | 5.81 | |
| Price Fair Value | 4.53 | 5.31 |
Understanding the management dynamics of Atkore International Group allows us to gauge its ability to sustain growth and profitability. This comprehensive analysis aids in determining the stock's value.
Dividend Yield 0.0144 | Forward Dividend Yield 0.0144 | Forward Dividend Rate 1.28 | Beta 2.127 |
Basic technical analysis of Atkore Stock
As of the 18th of November 2024, Atkore International shows the Mean Deviation of 1.9, standard deviation of 2.86, and insignificant Risk Adjusted Performance. Atkore International technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm Atkore International coefficient of variation and maximum drawdown to decide if Atkore International is priced correctly, providing market reflects its regular price of 88.97 per share. Given that Atkore International has information ratio of (0.05), we suggest you to validate Atkore International Group's prevailing market performance to make sure the company can sustain itself at a future point.Atkore International's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Atkore International insiders, such as employees or executives, is commonly permitted as long as it does not rely on Atkore International's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Atkore International insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Atkore International's Outstanding Corporate Bonds
Atkore International issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Atkore International uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Atkore bonds can be classified according to their maturity, which is the date when Atkore International Group has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Volcan Compania Minera Corp BondUSP98047AC08 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| MPLX LP 4875 Corp BondUS55336VAG59 | View | |
| MPLX LP 4125 Corp BondUS55336VAK61 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| US047649AA63 Corp BondUS047649AA63 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View | |
| Valero Energy Partners Corp BondUS91914JAA07 | View |
Understand Atkore International's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Atkore International's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0) | |||
| Market Risk Adjusted Performance | (0.01) | |||
| Mean Deviation | 1.9 | |||
| Coefficient Of Variation | (7,144) | |||
| Standard Deviation | 2.86 | |||
| Variance | 8.18 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.02) | |||
| Maximum Drawdown | 22.18 | |||
| Value At Risk | (2.72) | |||
| Potential Upside | 3.42 | |||
| Skewness | 2.11 | |||
| Kurtosis | 11.17 |
| Risk Adjusted Performance | (0) | |||
| Market Risk Adjusted Performance | (0.01) | |||
| Mean Deviation | 1.9 | |||
| Coefficient Of Variation | (7,144) | |||
| Standard Deviation | 2.86 | |||
| Variance | 8.18 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.02) | |||
| Maximum Drawdown | 22.18 | |||
| Value At Risk | (2.72) | |||
| Potential Upside | 3.42 | |||
| Skewness | 2.11 | |||
| Kurtosis | 11.17 |
Consider Atkore International's intraday indicators
Atkore International intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Atkore International stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Atkore International Corporate Filings
F4 | 15th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
13A | 14th of November 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
13A | 8th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
F3 | 28th of August 2024 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock | ViewVerify |
Atkore Stock media impact
Far too much social signal, news, headlines, and media speculation about Atkore International that are available to investors today. That information is available publicly through Atkore media outlets and privately through word of mouth or via Atkore internal channels. However, regardless of the origin, that massive amount of Atkore data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Atkore International news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Atkore International relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Atkore International's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Atkore International alpha.
Atkore International Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Atkore International can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Atkore International Historical Investor Sentiment
Investor biases related to Atkore International's public news can be used to forecast risks associated with an investment in Atkore. The trend in average sentiment can be used to explain how an investor holding Atkore can time the market purely based on public headlines and social activities around Atkore International Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Atkore International's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Atkore International and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Atkore International news discussions. The higher the estimate score, the more favorable the investor's outlook on Atkore International.
Atkore International Corporate Directors
| Scott Muse | Independent Director | Profile | |
| Wilbert James | Independent Director | Profile | |
| Betty Johnson | Independent Director | Profile | |
| Justin Kershaw | Independent Director | Profile |
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.
Additional Tools for Atkore Stock Analysis
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.