Shares of Atkore International Group Inc (NASDAQ:ATKR) have been given a consensus recommendation of “Hold” by the six brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $21.33.

ATKR has been the subject of several recent analyst reports. Royal Bank Of Canada restated a “buy” rating and issued a $20.00 target price on shares of Atkore International Group in a research note on Wednesday, August 9th. Citigroup Inc. restated a “buy” rating and issued a $22.00 target price (down previously from $28.00) on shares of Atkore International Group in a research note on Thursday, August 10th. TheStreet cut shares of Atkore International Group from a “c-” rating to a “d+” rating in a research note on Wednesday, August 23rd. BidaskClub upgraded shares of Atkore International Group from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Credit Suisse Group upgraded shares of Atkore International Group from a “neutral” rating to an “outperform” rating and set a $22.00 price target for the company in a report on Wednesday, August 9th.

In other news, insider John Patrick Williamson sold 70,000 shares of the stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $21.78, for a total value of $1,524,600.00. Following the completion of the transaction, the insider now owns 201,625 shares in the company, valued at approximately $4,391,392.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Lord Abbett & CO. LLC increased its holdings in shares of Atkore International Group by 9.8% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,152,519 shares of the company’s stock valued at $25,989,000 after purchasing an additional 102,399 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Atkore International Group by 12.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 87,013 shares of the company’s stock valued at $1,962,000 after purchasing an additional 9,329 shares in the last quarter. Koch Industries Inc. purchased a new position in shares of Atkore International Group in the 2nd quarter valued at about $205,000. California State Teachers Retirement System increased its holdings in shares of Atkore International Group by 143.1% in the 2nd quarter. California State Teachers Retirement System now owns 58,100 shares of the company’s stock valued at $1,310,000 after purchasing an additional 34,200 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Atkore International Group by 140.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,420 shares of the company’s stock valued at $596,000 after purchasing an additional 15,430 shares in the last quarter.

COPYRIGHT VIOLATION WARNING: This news story was originally published by American Banking News and is owned by of American Banking News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/09/08/atkore-international-group-inc-atkr-receives-average-rating-of-hold-from-analysts.html.

Atkore International Group (NASDAQ:ATKR) traded up 0.63% during mid-day trading on Friday, hitting $17.68. 43,824 shares of the stock were exchanged. The company has a 50-day moving average price of $18.27 and a 200-day moving average price of $22.62. Atkore International Group has a one year low of $15.05 and a one year high of $27.30. The company has a market cap of $1.13 billion and a P/E ratio of 14.59.

Atkore International Group (NASDAQ:ATKR) last released its earnings results on Tuesday, August 8th. The company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.02. Atkore International Group had a net margin of 6.91% and a return on equity of 33.89%. The company had revenue of $397.70 million during the quarter, compared to analysts’ expectations of $424.49 million. The company’s revenue for the quarter was up .5% compared to the same quarter last year. Analysts forecast that Atkore International Group will post $1.43 earnings per share for the current fiscal year.

Atkore International Group Company Profile

Atkore International Group Inc is a manufacturer of electrical raceway products. The Company’s products are primarily offered for non-residential construction and renovation markets, and mechanical products and solutions (MP&S) for the construction and industrial markets. The Company operates in two segments: Electrical Raceway and MP&S.

Receive News & Ratings for Atkore International Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atkore International Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.