Shares of Atkore International Group Inc (NYSE:ATKR) have earned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $23.00.

A number of research firms have commented on ATKR. Royal Bank of Canada reaffirmed a “buy” rating and set a $20.00 price objective on shares of Atkore International Group in a research note on Friday, September 15th. UBS downgraded Atkore International Group from a “buy” rating to a “neutral” rating and upped their target price for the company from $19.00 to $21.00 in a report on Wednesday, October 11th. TheStreet downgraded Atkore International Group from a “c-” rating to a “d+” rating in a report on Wednesday, August 23rd. BidaskClub downgraded Atkore International Group from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Finally, Citigroup reiterated a “buy” rating and issued a $23.00 target price (up previously from $22.00) on shares of Atkore International Group in a report on Monday, October 9th.

In related news, VP Kevin P. Fitzpatrick sold 154,806 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $22.13, for a total value of $3,425,856.78. Following the transaction, the vice president now owns 58,223 shares in the company, valued at $1,288,474.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP James A. Mallak sold 77,856 shares of the stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $20.00, for a total value of $1,557,120.00. Following the completion of the transaction, the vice president now owns 93,855 shares in the company, valued at approximately $1,877,100. The disclosure for this sale can be found here. Insiders sold a total of 501,751 shares of company stock worth $10,420,337 in the last quarter. 68.80% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its holdings in Atkore International Group by 17.7% in the second quarter. Victory Capital Management Inc. now owns 5,898 shares of the company’s stock worth $133,000 after buying an additional 885 shares during the last quarter. Legal & General Group Plc increased its holdings in Atkore International Group by 300.6% in the second quarter. Legal & General Group Plc now owns 8,140 shares of the company’s stock worth $183,000 after buying an additional 6,108 shares during the last quarter. Sei Investments Co. acquired a new position in Atkore International Group in the third quarter worth approximately $1,164,000. Dynamic Technology Lab Private Ltd acquired a new position in Atkore International Group in the third quarter worth approximately $237,000. Finally, Voya Investment Management LLC acquired a new position in Atkore International Group in the second quarter worth approximately $319,000. Hedge funds and other institutional investors own 98.86% of the company’s stock.

Atkore International Group (ATKR) traded down $0.03 during mid-day trading on Friday, reaching $21.34. 350,800 shares of the company’s stock were exchanged, compared to its average volume of 419,659. The company has a quick ratio of 1.44, a current ratio of 2.39 and a debt-to-equity ratio of 1.58. Atkore International Group has a 52 week low of $15.05 and a 52 week high of $27.30. The stock has a market capitalization of $1,355.53, a price-to-earnings ratio of 16.96, a PEG ratio of 1.45 and a beta of 1.09.

Atkore International Group (NYSE:ATKR) last posted its quarterly earnings data on Wednesday, November 29th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Atkore International Group had a net margin of 5.63% and a return on equity of 26.22%. The company had revenue of $395.80 million during the quarter, compared to analyst estimates of $394.49 million. During the same period in the prior year, the firm earned $0.35 earnings per share. The business’s quarterly revenue was down 4.9% on a year-over-year basis. analysts forecast that Atkore International Group will post 1.47 EPS for the current year.

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Atkore International Group Company Profile

Atkore International Group Inc is a manufacturer of electrical raceway products. The Company’s products are primarily offered for non-residential construction and renovation markets, and mechanical products and solutions (MP&S) for the construction and industrial markets. The Company operates in two segments: Electrical Raceway and MP&S.

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