Insider Selling: Atkore Inc. (NYSE:ATKR) Insider Sells 500 Shares of Stock

Atkore Inc. (NYSE:ATKR) insider Mark F. Lamps sold 500 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $96.55, for a total transaction of $48,275.00. Following the transaction, the insider now directly owns 27,626 shares in the company, valued at $2,667,290.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Atkore Stock Down 2.2 %

Shares of NYSE ATKR traded down $2.07 on Wednesday, hitting $92.49. The company had a trading volume of 576,049 shares, compared to its average volume of 619,338. The business has a 50 day moving average of $87.22 and a two-hundred day moving average of $117.43. The firm has a market capitalization of $3.32 billion, a P/E ratio of 6.49 and a beta of 2.13. The company has a quick ratio of 2.03, a current ratio of 3.26 and a debt-to-equity ratio of 0.49. Atkore Inc. has a 12-month low of $80.11 and a 12-month high of $194.98.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Royal Bank of Canada lowered Atkore from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $175.00 to $100.00 in a research note on Wednesday, August 7th. Loop Capital decreased their price target on Atkore from $160.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, September 20th. B. Riley lowered their price target on Atkore from $183.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Finally, KeyCorp lowered their target price on shares of Atkore from $125.00 to $105.00 and set an “overweight” rating for the company in a report on Friday, September 13th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.60.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP acquired a new stake in shares of Atkore during the second quarter valued at about $57,000. Mather Group LLC. boosted its holdings in Atkore by 895.7% in the second quarter. Mather Group LLC. now owns 468 shares of the company’s stock valued at $63,000 after purchasing an additional 421 shares during the last quarter. Signaturefd LLC grew its stake in Atkore by 445.6% during the 3rd quarter. Signaturefd LLC now owns 491 shares of the company’s stock valued at $42,000 after purchasing an additional 401 shares in the last quarter. Headlands Technologies LLC increased its holdings in Atkore by 829.9% during the 2nd quarter. Headlands Technologies LLC now owns 902 shares of the company’s stock worth $122,000 after purchasing an additional 805 shares during the last quarter. Finally, Covestor Ltd raised its holdings in Atkore by 63.7% in the third quarter. Covestor Ltd now owns 1,002 shares of the company’s stock valued at $85,000 after acquiring an additional 390 shares in the last quarter.

About Atkore

Atkore Inc engages in the manufacture and sale of electrical, mechanical, safety, and infrastructure products and solutions in the United States and internationally. The company offers conduits, cables, and installation accessories. It also designs and manufactures protection and reliability solutions for critical infrastructure, such as metal framing, mechanical pipe, perimeter security, and cable management.