Mark F. Lamps Sells 2,005 Shares of Atkore International Group Inc (NYSE:ATKR) Stock

Atkore International Group Inc (NYSE:ATKR) insider Mark F. Lamps sold 2,005 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $37.51, for a total transaction of $75,207.55. Following the completion of the sale, the insider now directly owns 14,025 shares in the company, valued at $526,077.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

ATKR stock opened at $37.53 on Friday. The company has a debt-to-equity ratio of 4.37, a current ratio of 2.57 and a quick ratio of 1.73. Atkore International Group Inc has a 1-year low of $17.47 and a 1-year high of $38.17. The firm has a fifty day moving average price of $32.52 and a two-hundred day moving average price of $27.93. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 15.13 and a beta of 1.78.

Atkore International Group (NYSE:ATKR) last released its earnings results on Wednesday, August 7th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.23. Atkore International Group had a net margin of 6.65% and a return on equity of 82.84%. The firm had revenue of $493.49 million during the quarter, compared to analyst estimates of $528.63 million. During the same quarter in the previous year, the firm earned $0.86 earnings per share. The firm’s revenue for the quarter was down .9% compared to the same quarter last year.

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Atkore International Group by 3.1% during the second quarter. Vanguard Group Inc. now owns 5,449,984 shares of the company’s stock valued at $140,990,000 after purchasing an additional 163,083 shares during the last quarter. BlackRock Inc. increased its stake in Atkore International Group by 13.3% during the second quarter. BlackRock Inc. now owns 3,640,604 shares of the company’s stock valued at $94,184,000 after purchasing an additional 426,128 shares during the last quarter. Macquarie Group Ltd. increased its stake in Atkore International Group by 1.1% during the second quarter. Macquarie Group Ltd. now owns 2,152,072 shares of the company’s stock valued at $55,674,000 after purchasing an additional 23,923 shares during the last quarter. Nuveen Asset Management LLC bought a new stake in Atkore International Group during the second quarter valued at $39,974,000. Finally, Prudential Financial Inc. increased its stake in Atkore International Group by 4.1% during the second quarter. Prudential Financial Inc. now owns 1,213,734 shares of the company’s stock valued at $31,400,000 after purchasing an additional 47,963 shares during the last quarter. Hedge funds and other institutional investors own 99.26% of the company’s stock.

Separately, Zacks Investment Research raised shares of Atkore International Group from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a report on Tuesday, October 8th.

About Atkore International Group

Atkore International Group Inc manufactures and distributes electrical raceway products, and mechanical products and solutions (MP&S) in the United States and internationally. The company offers electrical raceway products, including electrical conduits and fittings, armored cables and fittings, and cable trays and mounting systems and fittings.

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