Insider Selling: Atkore International Group Inc (NYSE:ATKR) Insider Sells $83,875.75 in Stock

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Atkore International Group Inc (NYSE:ATKR) insider Mark F. Lamps sold 2,009 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $41.75, for a total value of $83,875.75. Following the completion of the transaction, the insider now directly owns 17,857 shares in the company, valued at $745,529.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NYSE:ATKR opened at $41.72 on Monday. The company has a quick ratio of 1.65, a current ratio of 2.43 and a debt-to-equity ratio of 3.63. Atkore International Group Inc has a twelve month low of $18.29 and a twelve month high of $42.23. The stock’s 50 day moving average is $36.00 and its 200-day moving average is $29.32. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 14.69 and a beta of 1.84.

A number of brokerages have recently weighed in on ATKR. Royal Bank of Canada reaffirmed an “outperform” rating and set a $46.00 target price (up from $32.00) on shares of Atkore International Group in a research report on Monday, November 25th. Zacks Investment Research raised Atkore International Group from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Tuesday, October 8th.

Several large investors have recently modified their holdings of ATKR. Sawgrass Asset Management LLC lifted its holdings in Atkore International Group by 162.3% during the 2nd quarter. Sawgrass Asset Management LLC now owns 81,925 shares of the company’s stock worth $2,119,000 after purchasing an additional 50,695 shares in the last quarter. Hussman Strategic Advisors Inc. purchased a new position in shares of Atkore International Group during the 2nd quarter valued at about $647,000. Janus Henderson Group PLC purchased a new position in shares of Atkore International Group during the 2nd quarter valued at about $231,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Atkore International Group during the 2nd quarter valued at about $95,000. Finally, State Board of Administration of Florida Retirement System purchased a new position in shares of Atkore International Group during the 2nd quarter valued at about $234,000. 97.94% of the stock is currently owned by institutional investors.

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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