Atkore International Group Inc (ATKR) VP Sells $1,557,120.00 in Stock
Atkore International Group Inc (NASDAQ:ATKR) VP James A. Mallak sold 77,856 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $20.00, for a total value of $1,557,120.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Atkore International Group Inc (NASDAQ:ATKR) traded up 1.11% on Tuesday, hitting $19.99. The company had a trading volume of 367,844 shares. The stock’s 50-day moving average is $19.10 and its 200 day moving average is $19.10. 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 capitalization of $1.28 billion and a price-to-earnings ratio of 16.49.
Atkore International Group (NASDAQ:ATKR) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.44 earnings per share for the quarter, beating 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 return on equity of 33.89% and a net margin of 6.91%. The firm’s quarterly revenue was up .5% on a year-over-year basis. Equities analysts expect that Atkore International Group Inc will post $1.42 EPS for the current year.
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Hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. grew its holdings in Atkore International Group by 17.7% in the second quarter. Victory Capital Management Inc. now owns 5,898 shares of the company’s stock valued at $133,000 after purchasing an additional 885 shares during the period. Rosenblum Silverman Sutton S F Inc. CA grew its holdings in Atkore International Group by 1.2% in the second quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 77,485 shares of the company’s stock valued at $1,747,000 after purchasing an additional 925 shares during the period. Parametric Portfolio Associates LLC grew its holdings in Atkore International Group by 5.5% in the first quarter. Parametric Portfolio Associates LLC now owns 20,114 shares of the company’s stock valued at $529,000 after purchasing an additional 1,049 shares during the period. State of Wisconsin Investment Board grew its holdings in Atkore International Group by 1.6% in the second quarter. State of Wisconsin Investment Board now owns 250,000 shares of the company’s stock valued at $5,637,000 after purchasing an additional 3,900 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Atkore International Group in the first quarter valued at approximately $139,000.
A number of brokerages recently issued reports on ATKR. BidaskClub upgraded Atkore International Group from a “hold” rating to a “buy” rating in a research note on Saturday. UBS AG downgraded Atkore International Group from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $19.00 to $21.00 in a research note on Wednesday, October 11th. Zacks Investment Research upgraded Atkore International Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Citigroup Inc. reiterated a “buy” rating and set a $23.00 price objective (up from $22.00) on shares of Atkore International Group in a research note on Monday, October 9th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $23.00 price objective on shares of Atkore International Group in a research note on Friday, October 13th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Atkore International Group has a consensus rating of “Buy” and an average price target of $22.25.
About Atkore International Group
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.
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