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

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

Atkore Price Performance

Shares of ATKR stock opened at $88.98 on Friday. Atkore Inc. has a twelve month low of $80.11 and a twelve month high of $194.98. The company has a current ratio of 3.26, a quick ratio of 2.03 and a debt-to-equity ratio of 0.49. The stock has a fifty day simple moving average of $87.45 and a two-hundred day simple moving average of $117.08. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 6.25 and a beta of 2.13.

Wall Street Analyst Weigh In

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

Institutional Trading of Atkore

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

Atkore Company Profile

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.