Atkore International Group Inc (NYSE:ATKR) has been given a consensus recommendation of “Buy” by the six research firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $29.25.

A number of analysts have recently weighed in on ATKR shares. Zacks Investment Research cut shares of Atkore International Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. Citigroup cut shares of Atkore International Group from a “buy” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research note on Friday, September 7th. UBS Group boosted their price objective on shares of Atkore International Group from $27.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, August 30th. Finally, Royal Bank of Canada boosted their price objective on shares of Atkore International Group to $29.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 8th.

ATKR stock traded down $0.31 during trading hours on Friday, hitting $23.30. The company’s stock had a trading volume of 353,871 shares, compared to its average volume of 549,109. The company has a quick ratio of 1.57, a current ratio of 2.39 and a debt-to-equity ratio of 12.18. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 18.78, a P/E/G ratio of 1.25 and a beta of 2.29. Atkore International Group has a 12 month low of $17.60 and a 12 month high of $28.67.

Atkore International Group (NYSE:ATKR) last posted its earnings results on Tuesday, August 7th. The company reported $0.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.29. The company had revenue of $498.01 million during the quarter, compared to the consensus estimate of $444.77 million. Atkore International Group had a net margin of 7.12% and a return on equity of 56.38%. On average, research analysts expect that Atkore International Group will post 2.13 EPS for the current fiscal year.

In related news, VP Kevin P. Fitzpatrick sold 228,036 shares of the company’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $24.79, for a total transaction of $5,653,012.44. Following the completion of the transaction, the vice president now directly owns 136,282 shares in the company, valued at approximately $3,378,430.78. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Michael J. Schulte sold 5,000 shares of the company’s stock in a transaction on Tuesday, July 24th. The shares were sold at an average price of $23.25, for a total transaction of $116,250.00. Following the transaction, the vice president now owns 130,383 shares of the company’s stock, valued at $3,031,404.75. The disclosure for this sale can be found here. Insiders sold 625,038 shares of company stock valued at $15,514,824 over the last 90 days. 51.00% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. First Hawaiian Bank acquired a new position in Atkore International Group during the 3rd quarter valued at $103,000. Atlantic Trust Group LLC raised its stake in Atkore International Group by 14,400.0% during the 1st quarter. Atlantic Trust Group LLC now owns 5,075 shares of the company’s stock valued at $101,000 after purchasing an additional 5,040 shares during the last quarter. Verition Fund Management LLC acquired a new position in Atkore International Group during the 1st quarter valued at $232,000. Metropolitan Life Insurance Co. NY raised its stake in Atkore International Group by 64.8% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 14,471 shares of the company’s stock valued at $301,000 after purchasing an additional 5,692 shares during the last quarter. Finally, Global X Management Co LLC raised its stake in Atkore International Group by 17.1% during the 2nd quarter. Global X Management Co LLC now owns 14,670 shares of the company’s stock valued at $305,000 after purchasing an additional 2,147 shares during the last quarter. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Atkore International Group Company Profile

Atkore International Group Inc manufactures and distributes electrical raceway products in the United States and internationally. The company's electrical raceway products include electrical conduits and fittings, armored cable and fittings, cable trays and mounting systems, and fittings for the non-residential construction, renovation markets, and mechanical products and solutions (MP&S) for the construction, and industrial markets.

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