Atkore (ATKR) is very attractive from a growth and value perspective. On top of this, it could rally further due to positive seasonality and several catalysts such as infrastructure spending and the CAPEX boom. Read more to find out why ATKR is our Growth Stock of the Week.In today’s article, I’m going to discuss why I believe Atkore (ATKR) is a stock that traders and investors should consider buying due to its short and long-term upside potential.
ATKR was founded in 1959 and is one of the industrial suppliers in the US. It produces and sells a variety of products including electrical conduits and fittings, metal framing and fittings, mechanical pipes, modular support structures, etc. It offers its products under the sub-brands: Allied Tube & Conduit, AFC Cable Systems, Heritage Plastics, Unistrut, Power-Strut, Cope, Calpipe brands, etc.
The company has successfully grown over the years organically and through acquisitions. Currently, it has a very attractive valuation while posting very impressive earnings and revenue growth. Further, it’s exposed to a variety of positive trends such as infrastructure spending, housing construction, and capital expenditures. Due to these characteristics, positive seasonality, and a bullish Q4 setup, investors should consider buying ATKR.