Atkore Inc. (NYSE:ATKR) Insider Mark F. Lamps Sells 138 Shares of Stock

Atkore Inc. (NYSE:ATKR) insider Mark F. Lamps sold 138 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $131.51, for a total transaction of $18,148.38. Following the transaction, the insider now directly owns 25,895 shares of the company’s stock, valued at $3,405,451.45. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Atkore Stock Performance

NYSE ATKR opened at $130.20 on Tuesday. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 6.92 and a beta of 2.14. The stock has a 50-day moving average of $137.65 and a 200 day moving average of $141.35. The company has a current ratio of 2.85, a quick ratio of 1.95 and a debt-to-equity ratio of 0.54. Atkore Inc. has a twelve month low of $111.90 and a twelve month high of $164.76.

Atkore (NYSE:ATKR) last announced its earnings results on Friday, November 17th. The company reported $4.21 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.51. Atkore had a return on equity of 59.21% and a net margin of 20.93%. The business had revenue of $870.00 million during the quarter, compared to the consensus estimate of $910.40 million. During the same period in the prior year, the company posted $5.18 EPS. The business’s quarterly revenue was down 15.5% on a year-over-year basis. Sell-side analysts anticipate that Atkore Inc. will post 17.33 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on ATKR. StockNews.com started coverage on shares of Atkore in a report on Thursday, October 5th. They set a “buy” rating for the company. B. Riley lifted their price objective on Atkore from $161.00 to $186.00 and gave the company a “buy” rating in a research note on Thursday, August 10th. Citigroup upped their target price on Atkore from $159.00 to $163.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 9th. Finally, Royal Bank of Canada boosted their price target on Atkore from $178.00 to $186.00 and gave the company an “outperform” rating in a report on Wednesday, August 9th.

Institutional Trading of Atkore

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in shares of Atkore by 24.4% in the second quarter. BlackRock Inc. now owns 3,833,768 shares of the company’s stock valued at $597,838,000 after acquiring an additional 752,889 shares in the last quarter. Norges Bank acquired a new position in Atkore in the 4th quarter valued at $59,906,000. Capital Research Global Investors purchased a new position in Atkore in the 1st quarter valued at $42,940,000. Envestnet Asset Management Inc. boosted its stake in Atkore by 487.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 483,540 shares of the company’s stock worth $11,726,000 after purchasing an additional 401,255 shares during the last quarter. Finally, Boston Partners grew its holdings in shares of Atkore by 149.7% during the third quarter. Boston Partners now owns 601,910 shares of the company’s stock worth $88,670,000 after buying an additional 360,837 shares in the last quarter.

Atkore Company Profile

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