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.