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

Atkore Inc. (NYSE:ATKR) insider Mark F. Lamps sold 138 shares of the company’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 value of $18,148.38. Following the completion of the transaction, the insider now owns 25,895 shares of the company’s stock, valued at $3,405,451.45. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Atkore Price Performance

Shares of ATKR traded down $1.21 during mid-day trading on Monday, hitting $130.20. 576,889 shares of the stock were exchanged, compared to its average volume of 420,623. The company has a market cap of $4.92 billion, a PE ratio of 6.79 and a beta of 2.14. Atkore Inc. has a 52-week low of $111.90 and a 52-week high of $164.76. The firm has a 50-day moving average of $138.07 and a two-hundred day moving average of $141.29. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.95 and a current ratio of 2.85.

Atkore (NYSE:ATKR) last issued its quarterly earnings data on Friday, November 17th. The company reported $4.21 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $910.40 million. During the same period in the prior year, the firm earned $5.18 EPS. The company’s revenue for the quarter was down 15.5% on a year-over-year basis. On average, equities analysts predict that Atkore Inc. will post 17.33 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Trading of Atkore

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Foundry Partners LLC purchased a new stake in Atkore during the 2nd quarter valued at $3,876,000. Harvest Fund Management Co. Ltd raised its holdings in Atkore by 92.5% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 799 shares of the company’s stock valued at $112,000 after buying an additional 384 shares during the period. AE Wealth Management LLC raised its holdings in Atkore by 7.0% during the 2nd quarter. AE Wealth Management LLC now owns 1,763 shares of the company’s stock valued at $275,000 after buying an additional 115 shares during the period. Stratos Wealth Advisors LLC grew its position in Atkore by 16.9% in the 2nd quarter. Stratos Wealth Advisors LLC now owns 7,530 shares of the company’s stock valued at $1,174,000 after acquiring an additional 1,089 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new position in Atkore in the 2nd quarter valued at $2,930,000.

About Atkore

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.