Atkore International Group Inc (NASDAQ:ATKR) VP Peter J. Lariviere sold 37,261 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $25.85, for a total transaction of $963,196.85. Following the sale, the vice president now directly owns 45,737 shares in the company, valued at approximately $1,182,301.45. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Atkore International Group Inc (NASDAQ:ATKR) traded down 0.23% during midday trading on Friday, reaching $21.60. 573,835 shares of the company’s stock traded hands. The stock’s 50 day moving average is $24.94 and its 200-day moving average is $24.17. The company has a market capitalization of $1.37 billion and a PE ratio of 19.15. Atkore International Group Inc has a 52 week low of $14.17 and a 52 week high of $27.30.
Atkore International Group (NASDAQ:ATKR) last posted its quarterly earnings data on Tuesday, May 9th. The company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.08. The firm had revenue of $372.79 million during the quarter, compared to the consensus estimate of $363.74 million. During the same quarter in the previous year, the company earned $0.31 earnings per share. The business’s quarterly revenue was up 5.6% on a year-over-year basis. On average, analysts forecast that Atkore International Group Inc will post $1.57 earnings per share for the current fiscal year.
ATKR has been the topic of a number of research analyst reports. Royal Bank of Canada reissued a “buy” rating and issued a $31.00 price target on shares of Atkore International Group in a research note on Tuesday, April 11th. Zacks Investment Research cut shares of Atkore International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $23.43.
Large investors have recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. raised its stake in shares of Atkore International Group by 34.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,184 shares of the company’s stock worth $110,000 after buying an additional 1,065 shares during the period. Victory Capital Management Inc. bought a new stake in shares of Atkore International Group during the first quarter worth about $132,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Atkore International Group during the first quarter worth about $139,000. Acrospire Investment Management LLC bought a new stake in shares of Atkore International Group during the third quarter worth about $114,000. Finally, American International Group Inc. bought a new stake in shares of Atkore International Group during the first quarter worth about $194,000.
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.
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