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

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

Atkore Price Performance

NYSE:ATKR opened at $91.23 on Friday. The company has a quick ratio of 2.03, a current ratio of 3.26 and a debt-to-equity ratio of 0.49. The firm has a market cap of $3.27 billion, a P/E ratio of 6.41 and a beta of 2.13. Atkore Inc. has a 52-week low of $80.11 and a 52-week high of $194.98. The business’s 50-day moving average price is $87.32 and its 200 day moving average price is $117.26.

Institutional Trading of Atkore

Several large investors have recently added to or reduced their stakes in the company. Signaturefd LLC grew its position in Atkore by 445.6% during the third quarter. Signaturefd LLC now owns 491 shares of the company’s stock valued at $42,000 after purchasing an additional 401 shares in the last quarter. Quarry LP acquired a new position in shares of Atkore in the second quarter worth $57,000. Mather Group LLC. increased its stake in shares of Atkore by 895.7% in the second quarter. Mather Group LLC. now owns 468 shares of the company’s stock worth $63,000 after acquiring an additional 421 shares during the last quarter. Covestor Ltd raised its holdings in shares of Atkore by 63.7% during the third quarter. Covestor Ltd now owns 1,002 shares of the company’s stock worth $85,000 after acquiring an additional 390 shares in the last quarter. Finally, Headlands Technologies LLC boosted its position in Atkore by 829.9% during the second quarter. Headlands Technologies LLC now owns 902 shares of the company’s stock valued at $122,000 after purchasing an additional 805 shares during the last quarter.

Analysts Set New Price Targets

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

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.