Atkore International Group Inc (ATKR) Insider Sells $1,455,300.00 in Stock

Atkore International Group Inc (NYSE:ATKR) insider John Patrick Williamson sold 70,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $20.79, for a total value of $1,455,300.00. Following the sale, the insider now directly owns 262,172 shares of the company’s stock, valued at $5,450,555.88. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

John Patrick Williamson also recently made the following trade(s):

  • On Tuesday, November 28th, John Patrick Williamson sold 5,352 shares of Atkore International Group stock. The stock was sold at an average price of $20.00, for a total value of $107,040.00.
  • On Wednesday, November 22nd, John Patrick Williamson sold 8,641 shares of Atkore International Group stock. The stock was sold at an average price of $20.01, for a total value of $172,906.41.
  • On Friday, October 20th, John Patrick Williamson sold 13,536 shares of Atkore International Group stock. The stock was sold at an average price of $20.00, for a total value of $270,720.00.
  • On Tuesday, October 24th, John Patrick Williamson sold 56,007 shares of Atkore International Group stock. The stock was sold at an average price of $20.00, for a total value of $1,120,140.00.

Shares of Atkore International Group Inc (NYSE:ATKR) traded down $0.52 on Friday, reaching $20.53. The company’s stock had a trading volume of 280,800 shares, compared to its average volume of 420,153. Atkore International Group Inc has a 12 month low of $15.05 and a 12 month high of $27.30. The company has a current ratio of 2.39, a quick ratio of 1.44 and a debt-to-equity ratio of 1.58. The firm has a market cap of $1,328.06, a PE ratio of 16.71, a P/E/G ratio of 1.43 and a beta of 1.09.

Atkore International Group (NYSE:ATKR) last issued its quarterly earnings results on Wednesday, November 29th. The company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.02. The company had revenue of $395.80 million during the quarter, compared to analysts’ expectations of $394.49 million. Atkore International Group had a return on equity of 26.22% and a net margin of 5.63%. The firm’s revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 EPS. equities research analysts predict that Atkore International Group Inc will post 1.47 EPS for the current fiscal year.

ATKR has been the topic of several research reports. TheStreet downgraded Atkore International Group from a “c-” rating to a “d+” rating in a report on Wednesday, August 23rd. BidaskClub upgraded Atkore International Group from a “sell” rating to a “hold” rating in a report on Friday, September 8th. Royal Bank of Canada reiterated a “buy” rating and issued a $20.00 price target on shares of Atkore International Group in a report on Friday, September 15th. Citigroup reiterated a “buy” rating and issued a $23.00 price target (up from $22.00) on shares of Atkore International Group in a report on Monday, October 9th. Finally, Zacks Investment Research upgraded Atkore International Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Atkore International Group currently has a consensus rating of “Buy” and an average price target of $23.00.

Several hedge funds have recently modified their holdings of ATKR. Victory Capital Management Inc. raised its holdings in Atkore International Group by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 5,898 shares of the company’s stock worth $133,000 after purchasing an additional 885 shares during the period. Legal & General Group Plc raised its holdings in Atkore International Group by 300.6% in the 2nd quarter. Legal & General Group Plc now owns 8,140 shares of the company’s stock worth $183,000 after purchasing an additional 6,108 shares during the period. Koch Industries Inc. acquired a new position in Atkore International Group in the 2nd quarter worth about $205,000. Dynamic Technology Lab Private Ltd acquired a new position in Atkore International Group in the 3rd quarter worth about $237,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Atkore International Group in the 3rd quarter worth about $314,000. 98.86% of the stock is owned by institutional investors and hedge funds.

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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 (NYSE:ATKR)

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