Atkore Inc. (NYSE:ATKR) Insider Sells $48,275.00 in Stock

Atkore Inc. (NYSE:ATKR) insider Mark F. Lamps sold 500 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $96.55, for a total transaction of $48,275.00. Following the completion of the transaction, the insider now directly owns 27,626 shares of the company’s stock, valued at $2,667,290.30. This represents a 1.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Atkore Trading Down 2.5 %

Shares of ATKR opened at $88.98 on Friday. The stock has a market capitalization of $3.19 billion, a PE ratio of 6.25 and a beta of 2.13. The company’s fifty day moving average is $87.45 and its 200 day moving average is $117.08. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.03 and a current ratio of 3.26. Atkore Inc. has a fifty-two week low of $80.11 and a fifty-two week high of $194.98.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Loop Capital cut their price objective on shares of Atkore from $160.00 to $130.00 and set a “buy” rating for the company in a report on Friday, September 20th. Royal Bank of Canada cut shares of Atkore from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $175.00 to $100.00 in a research note on Wednesday, August 7th. KeyCorp decreased their price target on shares of Atkore from $125.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Finally, B. Riley cut their price objective on Atkore from $183.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Atkore has an average rating of “Moderate Buy” and a consensus target price of $131.60.

Institutional Trading of Atkore

A number of large investors have recently made changes to their positions in ATKR. SG Americas Securities LLC increased its stake in Atkore by 510.6% during the first quarter. SG Americas Securities LLC now owns 8,585 shares of the company’s stock worth $1,634,000 after acquiring an additional 7,179 shares during the last quarter. Sei Investments Co. increased its position in shares of Atkore by 44.3% during the 1st quarter. Sei Investments Co. now owns 65,913 shares of the company’s stock valued at $12,547,000 after purchasing an additional 20,244 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Atkore by 7.1% during the 1st quarter. Russell Investments Group Ltd. now owns 59,608 shares of the company’s stock valued at $11,347,000 after purchasing an additional 3,967 shares during the last quarter. ProShare Advisors LLC raised its holdings in Atkore by 6.7% during the 1st quarter. ProShare Advisors LLC now owns 6,695 shares of the company’s stock valued at $1,274,000 after buying an additional 418 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its position in Atkore by 4.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 11,808 shares of the company’s stock worth $2,248,000 after buying an additional 500 shares during the last quarter.

About Atkore

Atkore Inc engages in the manufacture and sale of electrical, mechanical, safety, and infrastructure products and solutions in the United States and internationally. The company offers conduits, cables, and installation accessories. It also designs and manufactures protection and reliability solutions for critical infrastructure, such as metal framing, mechanical pipe, perimeter security, and cable management.