Atkore: Don't Be Surprised If There's Double-Digit Growth In Coming Years

Jan. 10, 2024 2:44 PM ETAtkore Inc. (ATKR) StockATKR8 Comments

Summary

  • Atkore operates in the electrical raceway and cable management industry, manufacturing and distributing products for the construction and infrastructure sectors.
  • These products have strong tailwinds in the coming years thanks to macro trends supported by long-term federal programs.
  • Volume growth, great M&A track record, pricing power and an attractive valuation make it a compelling investment case.

Blue cables in network server

Erik Isakson/DigitalVision via Getty Images

Investment Thesis

Atkore (NYSE:ATKR) has delivered an exceptional return over the past five years, outperforming the S&P500 index by a substantial margin. This robust performance serves as a strong indicator of the company's quality and

This article was written by

I'm a long-term, fundamentals-focused investor who is interested in quality and growth opportunities mostly, but I like to search for deep value/turnaround situations as well.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in ATKR over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About ATKR Stock

SymbolLast Price% Chg
Market Cap
PE
Yield
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on ATKR

Related Stocks

SymbolLast Price% Chg
ATKR
--