Atkore Inc. (NYSE:ATKR) Receives $79.57 Average Price Target from Analysts

Shares of Atkore Inc. (NYSE:ATKR) have been assigned a consensus rating of “Hold” from the eight brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $79.5714.

A number of equities research analysts have recently weighed in on ATKR shares. KeyCorp restated a “sector weight” rating on shares of Atkore in a research note on Wednesday, August 6th. Weiss Ratings lowered shares of Atkore from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 24th.

Atkore Stock Performance

Atkore stock opened at $69.29 on Friday. Atkore has a 12-month low of $49.92 and a 12-month high of $105.28. The company has a quick ratio of 2.08, a current ratio of 3.09 and a debt-to-equity ratio of 0.52. The business’s 50-day moving average price is $62.61 and its two-hundred day moving average price is $65.72. The stock has a market cap of $2.33 billion, a PE ratio of 22.21 and a beta of 2.13.

Insider Buying and Selling at Atkore

In related news, insider Mark F. Lamps sold 1,000 shares of the business’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $59.37, for a total transaction of $59,370.00. Following the sale, the insider owned 31,873 shares in the company, valued at $1,892,300.01. The trade was a 3.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.99% of the stock is currently owned by company insiders.

Institutional Trading of Atkore

A number of hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in Atkore by 1,514.7% in the 1st quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock valued at $33,000 after buying an additional 515 shares during the last quarter. KBC Group NV raised its stake in shares of Atkore by 29.5% during the first quarter. KBC Group NV now owns 1,881 shares of the company’s stock valued at $113,000 after acquiring an additional 429 shares during the last quarter. Clear Creek Financial Management LLC acquired a new position in shares of Atkore during the first quarter worth $352,000. Principal Financial Group Inc. grew its stake in shares of Atkore by 3.6% in the first quarter. Principal Financial Group Inc. now owns 58,174 shares of the company’s stock worth $3,490,000 after purchasing an additional 2,006 shares during the last quarter. Finally, Palisade Capital Management LP grew its stake in shares of Atkore by 0.6% in the first quarter. Palisade Capital Management LP now owns 107,037 shares of the company’s stock worth $6,421,000 after purchasing an additional 687 shares during 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.