Atkore International Group Inc. (ATKR) CFO Sells $1,484,700.00 in Stock

Atkore International Group Inc. (NYSE:ATKR) CFO James A. Mallak sold 74,235 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $20.00, for a total transaction of $1,484,700.00. Following the completion of the transaction, the chief financial officer now owns 146,223 shares in the company, valued at $2,924,460. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Atkore International Group Inc. (NYSE ATKR) traded down $0.75 during trading on Thursday, reaching $21.28. 564,447 shares of the company’s stock were exchanged, compared to its average volume of 425,110. The firm has a market cap of $1,282.30, a price-to-earnings ratio of 16.82, a PEG ratio of 1.34 and a beta of 0.81. Atkore International Group Inc. has a 12 month low of $15.05 and a 12 month high of $27.30. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.78 and a current ratio of 2.72.

Atkore International Group (NYSE:ATKR) last released its earnings results on Wednesday, November 29th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.02. The company had revenue of $395.80 million for the quarter, compared to analyst estimates of $394.49 million. Atkore International Group had a net margin of 5.21% and a return on equity of 26.72%. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.35 EPS. analysts predict that Atkore International Group Inc. will post 1.29 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Atkore International Group by 13.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,549,616 shares of the company’s stock worth $80,044,000 after buying an additional 417,268 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in 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 buying an additional 631,873 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in Atkore International Group by 71.4% during the 3rd quarter. Macquarie Group Ltd. now owns 1,807,578 shares of the company’s stock worth $35,266,000 after buying an additional 753,154 shares in the last quarter. FMR LLC lifted its holdings in Atkore International Group by 18.3% during the 2nd quarter. FMR LLC now owns 1,527,400 shares of the company’s stock worth $34,443,000 after buying an additional 235,900 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Atkore International Group by 14.9% during the 3rd quarter. Wells Fargo & Company MN now owns 1,461,310 shares of the company’s stock worth $28,510,000 after buying an additional 189,205 shares in the last quarter. Institutional investors own 96.99% of the company’s stock.

Several brokerages have recently commented on ATKR. Citigroup set a $26.00 price objective on shares of Atkore International Group and gave the stock a “buy” rating in a report on Thursday. BidaskClub lowered shares of Atkore International Group from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Royal Bank Of Canada restated a “buy” rating and issued a $23.00 price objective on shares of Atkore International Group in a report on Friday, October 13th. UBS lowered shares of Atkore International Group from a “buy” rating to a “neutral” rating and increased their target price for the stock from $19.00 to $21.00 in a report on Wednesday, October 11th. Finally, Zacks Investment Research upgraded shares of Atkore International Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 10th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Atkore International Group has a consensus rating of “Buy” and a consensus target price of $23.00.

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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.

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

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