Atkore International Group Inc (NASDAQ:ATKR) CFO James A. Mallak sold 21,867 shares of Atkore International Group stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $20.00, for a total transaction of $437,340.00. Following the completion of the transaction, the chief financial officer now directly owns 93,855 shares in the company, valued at $1,877,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Atkore International Group Inc (NASDAQ ATKR) traded up 1.11% during mid-day trading on Tuesday, reaching $19.99. 367,844 shares of the company’s stock were exchanged. Atkore International Group Inc has a 52-week low of $15.05 and a 52-week high of $27.30. The company has a market cap of $1.28 billion and a PE ratio of 16.49. The stock has a 50-day moving average price of $19.13 and a 200 day moving average price of $19.13.

Atkore International Group (NASDAQ:ATKR) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. The company had revenue of $397.70 million during the quarter, compared to analysts’ expectations of $424.49 million. Atkore International Group had a net margin of 6.91% and a return on equity of 33.89%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. Equities analysts predict that Atkore International Group Inc will post $1.42 earnings per share for the current fiscal year.

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Several research firms recently commented on ATKR. 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. Royal Bank Of Canada restated a “buy” rating and set a $20.00 price target on shares of Atkore International Group in a report on Friday, September 15th. UBS AG cut shares of Atkore International Group from a “buy” rating to a “neutral” rating and raised their price target for the stock from $19.00 to $21.00 in a report on Wednesday, October 11th. TheStreet cut shares of Atkore International Group from a “c-” rating to a “d+” rating in a report on Wednesday, August 23rd. Finally, Citigroup Inc. restated a “buy” rating and set a $22.00 price target (down from $28.00) on shares of Atkore International Group in a report on Thursday, August 10th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Atkore International Group currently has a consensus rating of “Buy” and an average target price of $22.25.

Several institutional investors and hedge funds have recently modified their holdings of ATKR. Vanguard Group Inc. grew its stake in shares of Atkore International Group by 112.7% during the 1st quarter. Vanguard Group Inc. now owns 3,132,348 shares of the company’s stock worth $82,318,000 after acquiring an additional 1,659,926 shares in the last quarter. FMR LLC bought a new position in shares of Atkore International Group during the 1st quarter worth approximately $33,941,000. Macquarie Group Ltd. bought a new position in shares of Atkore International Group during the 2nd quarter worth approximately $23,777,000. Lazard Asset Management LLC grew its stake in shares of Atkore International Group by 44.6% during the 2nd quarter. Lazard Asset Management LLC now owns 2,047,049 shares of the company’s stock worth $46,160,000 after acquiring an additional 631,873 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Atkore International Group by 94.9% during the 2nd quarter. Wells Fargo & Company MN now owns 1,272,105 shares of the company’s stock worth $28,686,000 after acquiring an additional 619,468 shares in the last quarter.

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.

Insider Buying and Selling by Quarter for Atkore International Group (NASDAQ:ATKR)

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