Mark F. Lamps Sells 500 Shares of Atkore Inc. (NYSE:ATKR) Stock

Atkore Inc. (NYSE:ATKR - Get Free Report) insider Mark F. Lamps sold 500 shares of the firm's stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $157.67, for a total transaction of $78,835.00. Following the sale, the insider now owns 28,586 shares of the company's stock, valued at approximately $4,507,154.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Atkore Price Performance

ATKR stock traded down $0.46 during mid-day trading on Tuesday, reaching $155.51. 585,786 shares of the company traded hands, compared to its average volume of 494,843. The company has a fifty day moving average price of $175.78 and a 200-day moving average price of $156.36. Atkore Inc. has a 52-week low of $116.14 and a 52-week high of $194.98. The company has a market capitalization of $5.67 billion, a P/E ratio of 9.78 and a beta of 2.19. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.09 and a quick ratio of 1.98.

Atkore (NYSE:ATKR - Get Free Report) last issued its quarterly earnings data on Monday, May 6th. The company reported $4.08 EPS for the quarter, beating the consensus estimate of $3.22 by $0.86. The company had revenue of $792.90 million during the quarter, compared to analysts' expectations of $808.22 million. Atkore had a net margin of 18.30% and a return on equity of 43.19%. Atkore's revenue for the quarter was down 11.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.31 earnings per share. As a group, analysts anticipate that Atkore Inc. will post 15.06 earnings per share for the current year.

Atkore Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Tuesday, May 21st will be issued a $0.32 dividend. The ex-dividend date is Monday, May 20th. This represents a $1.28 annualized dividend and a dividend yield of 0.82%. Atkore's payout ratio is currently 7.98%.

Analyst Upgrades and Downgrades

ATKR has been the subject of a number of research analyst reports. Citigroup decreased their price objective on shares of Atkore from $200.00 to $188.00 and set a "neutral" rating for the company in a report on Wednesday, May 8th. Royal Bank of Canada reiterated an "outperform" rating and issued a $187.00 target price on shares of Atkore in a research note on Friday, March 22nd. Finally, StockNews.com cut shares of Atkore from a "buy" rating to a "hold" rating in a research note on Wednesday, May 8th.

Institutional Investors Weigh In On Atkore

Several large investors have recently added to or reduced their stakes in the business. ICA Group Wealth Management LLC bought a new position in Atkore in the 4th quarter worth about $25,000. GAMMA Investing LLC bought a new position in shares of Atkore in the 4th quarter worth $26,000. LifeSteps Financial Inc. purchased a new stake in shares of Atkore during the 1st quarter valued at $33,000. Global Retirement Partners LLC lifted its holdings in shares of Atkore by 405.1% during the 1st quarter. Global Retirement Partners LLC now owns 197 shares of the company's stock worth $38,000 after acquiring an additional 158 shares during the last quarter. Finally, Orion Capital Management LLC purchased a new position in Atkore in the third quarter worth $30,000.

Atkore Company Profile

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.

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