Atkore International Group Inc (NYSE:ATKR) Receives $27.60 Average PT from Brokerages
Shares of Atkore International Group Inc (NYSE:ATKR) have been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $27.25.
A number of research firms have recently weighed in on ATKR. Zacks Investment Research raised shares of Falcon Minerals from a “sell” rating to a “hold” rating in a research report on Monday, July 22nd. TheStreet downgraded shares of ZovioInc . from a “c-” rating to a “d” rating in a research report on Thursday, May 23rd.
Shares of ATKR stock traded up $0.25 during mid-day trading on Friday, reaching $27.10. 312,705 shares of the company were exchanged, compared to its average volume of 293,418. Atkore International Group has a fifty-two week low of $17.47 and a fifty-two week high of $28.67. The company has a quick ratio of 1.66, a current ratio of 2.53 and a debt-to-equity ratio of 5.58. The company has a market capitalization of $1.25 billion, a P/E ratio of 10.93 and a beta of 1.81. The company has a 50 day moving average price of $25.56.
In other Atkore International Group news, insider Peter J. Lariviere sold 9,640 shares of Atkore International Group stock in a transaction on Friday, June 7th. The shares were sold at an average price of $24.66, for a total value of $237,722.40. Following the completion of the transaction, the insider now owns 122,082 shares of the company’s stock, valued at $3,010,542.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.03% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in ATKR. Denali Advisors LLC acquired a new position in Atkore International Group in the first quarter worth $82,000. First Hawaiian Bank boosted its holdings in Atkore International Group by 40.9% in the first quarter. First Hawaiian Bank now owns 5,453 shares of the company’s stock worth $117,000 after purchasing an additional 1,584 shares during the period. Legal & General Group Plc boosted its holdings in Atkore International Group by 17.4% in the fourth quarter. Legal & General Group Plc now owns 7,346 shares of the company’s stock worth $145,000 after purchasing an additional 1,087 shares during the period. California Public Employees Retirement System acquired a new position in Atkore International Group in the fourth quarter worth $217,000. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in Atkore International Group by 324.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 12,116 shares of the company’s stock worth $240,000 after purchasing an additional 9,263 shares during the period. 97.10% of the stock is owned by hedge funds and other 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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