TheStreet lowered shares of Atkore International Group (NYSE:ATKR) from a c rating to a d rating in a report issued on Thursday morning.

A number of other equities analysts also recently commented on ATKR. Zacks Investment Research upgraded Atkore International Group from a hold rating to a strong-buy rating and set a $23.00 price target for the company in a research note on Friday, May 11th. Citigroup decreased their price target on Atkore International Group from $28.00 to $27.00 and set a buy rating for the company in a research note on Monday, April 9th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $23.60.

Atkore International Group opened at $21.66 on Thursday, Marketbeat Ratings reports. The stock has a market capitalization of $1.01 billion, a P/E ratio of 17.06, a PEG ratio of 1.21 and a beta of 1.71. Atkore International Group has a one year low of $15.05 and a one year high of $24.48. The company has a debt-to-equity ratio of 14.51, a current ratio of 2.55 and a quick ratio of 1.62.

Atkore International Group (NYSE:ATKR) last posted its quarterly earnings results on Tuesday, May 8th. The company reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.22. The business had revenue of $445.00 million during the quarter, compared to the consensus estimate of $415.21 million. Atkore International Group had a return on equity of 40.89% and a net margin of 7.14%. During the same period last year, the firm earned $0.35 earnings per share. analysts predict that Atkore International Group will post 1.79 EPS for the current year.

In other Atkore International Group news, VP James A. Mallak sold 87,700 shares of Atkore International Group stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $21.43, for a total value of $1,879,411.00. Following the completion of the transaction, the vice president now directly owns 165,323 shares in the company, valued at $3,542,871.89. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Allied Holdings L.P. Cd&R sold 6,959,976 shares of Atkore International Group stock in a transaction that occurred on Monday, May 21st. The shares were sold at an average price of $19.91, for a total value of $138,573,122.16. The disclosure for this sale can be found here. Insiders sold 7,210,865 shares of company stock valued at $143,880,692 over the last quarter. Insiders own 68.80% of the company’s stock.

A number of hedge funds have recently modified their holdings of ATKR. Prudential Financial Inc. boosted its stake in Atkore International Group by 151.1% in the first quarter. Prudential Financial Inc. now owns 894,050 shares of the company’s stock valued at $17,747,000 after acquiring an additional 538,010 shares during the period. Millennium Management LLC boosted its stake in Atkore International Group by 202.6% in the fourth quarter. Millennium Management LLC now owns 760,532 shares of the company’s stock valued at $16,313,000 after acquiring an additional 509,199 shares during the period. Victory Capital Management Inc. boosted its stake in Atkore International Group by 7,746.4% in the fourth quarter. Victory Capital Management Inc. now owns 513,393 shares of the company’s stock valued at $11,013,000 after acquiring an additional 506,850 shares during the period. Dimensional Fund Advisors LP boosted its stake in Atkore International Group by 96.7% in the first quarter. Dimensional Fund Advisors LP now owns 772,058 shares of the company’s stock valued at $15,325,000 after acquiring an additional 379,629 shares during the period. Finally, Lazard Asset Management LLC boosted its stake in Atkore International Group by 14.2% in the fourth quarter. Lazard Asset Management LLC now owns 2,514,573 shares of the company’s stock valued at $53,937,000 after acquiring an additional 312,693 shares during the period. Institutional investors own 74.98% 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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