Mark F. Lamps Sells 500 Shares of Atkore Inc. (NYSE:ATKR) Stock

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

Atkore Stock Performance

NYSE ATKR opened at $91.23 on Friday. Atkore Inc. has a 1 year low of $80.11 and a 1 year high of $194.98. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.26 and a quick ratio of 2.03. The company has a market capitalization of $3.27 billion, a PE ratio of 6.41 and a beta of 2.13. The company has a fifty day moving average of $87.32 and a two-hundred day moving average of $117.26.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ATKR shares. KeyCorp reduced 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. B. Riley dropped their target price 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. Royal Bank of Canada cut 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. Finally, Loop Capital dropped their price objective on Atkore from $160.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, September 20th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $131.60.

Hedge Funds Weigh In On Atkore

Several institutional investors have recently added to or reduced their stakes in ATKR. 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 worth $1,634,000 after purchasing an additional 7,179 shares during the period. Sei Investments Co. raised 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 worth $12,547,000 after purchasing an additional 20,244 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Atkore by 7.1% during the first quarter. Russell Investments Group Ltd. now owns 59,608 shares of the company’s stock worth $11,347,000 after buying an additional 3,967 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of 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 acquiring an additional 418 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of Atkore by 4.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,808 shares of the company’s stock valued at $2,248,000 after purchasing 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.