Royal Bank Of Canada restated their buy rating on shares of Atkore International Group Inc (NASDAQ:ATKR) in a research note released on Wednesday, August 9th. Royal Bank Of Canada currently has a $20.00 price objective on the stock.
Separately, Zacks Investment Research downgraded shares of Atkore International Group from a buy rating to a hold rating in a research note on Tuesday, May 2nd.
Shares of Atkore International Group (NASDAQ ATKR) traded up 0.99% during mid-day trading on Wednesday, hitting $16.31. The company had a trading volume of 369,413 shares. The firm has a market cap of $1.05 billion and a PE ratio of 13.46. The firm’s 50 day moving average is $20.52 and its 200-day moving average is $23.56. Atkore International Group has a 12-month low of $15.05 and a 12-month high of $27.30.
Atkore International Group (NASDAQ:ATKR) last issued its earnings results on Tuesday, August 8th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.02. Atkore International Group had a net margin of 6.91% and a return on equity of 33.89%. The business had revenue of $397.70 million during the quarter, compared to the consensus estimate of $424.49 million. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. On average, equities analysts expect that Atkore International Group will post $1.43 EPS for the current year.
In other news, insider John Patrick Williamson sold 70,000 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $21.78, for a total transaction of $1,524,600.00. Following the transaction, the insider now directly owns 201,625 shares of the company’s stock, valued at $4,391,392.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. TFS Capital LLC boosted its position in shares of Atkore International Group by 4.2% in the first quarter. TFS Capital LLC now owns 12,117 shares of the company’s stock valued at $318,000 after buying an additional 493 shares in the last quarter. Victory Capital Management Inc. raised its stake 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 valued at $133,000 after buying an additional 885 shares in the last quarter. Rosenblum Silverman Sutton S F Inc. CA raised its stake in Atkore International Group by 1.2% in the second quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 77,485 shares of the company’s stock valued at $1,747,000 after buying an additional 925 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in Atkore International Group by 5.5% in the first quarter. Parametric Portfolio Associates LLC now owns 20,114 shares of the company’s stock valued at $529,000 after buying an additional 1,049 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. raised its stake in Atkore International Group by 34.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,184 shares of the company’s stock valued at $110,000 after buying an additional 1,065 shares in the last quarter.
About Atkore International Group
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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