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New Big Money Means Atkore Inc (ATKR) Investors Could Reap Benefit

Atkore Inc (NYSE: ATKR) is 0.71% higher on its value in year-to-date trading and has touched a low of $116.14 and a high of $194.98 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ATKR stock was last observed hovering at around $157.63 in the last trading session, with the day’s gains setting it 3.51%.

Currently trading at $161.14, the stock is -7.33% and -8.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.94 million and changing 2.23% at the moment leaves the stock 5.36% off its SMA200. ATKR registered 25.49% gain for a year compared to 6-month gain of 24.34%.

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The stock witnessed a -6.72% loss in the last 1 month and extending the period to 3 months gives it a 8.40%, and is -8.06% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.87% over the week and 3.04% over the month.

Atkore Inc (ATKR) has around 5600 employees, a market worth around $5.93B and $3.38B in sales. Current P/E ratio is 10.05 and Fwd P/E is 9.07. Profit margin for the company is 18.03%. Distance from 52-week low is 38.75% and -17.36% from its 52-week high. The company has generated returns on investments over the last 12 months (24.68%).

The EPS is expected to shrink by -14.63% this year

The shares outstanding are 37.32M, and float is at 36.24M with Short Float at 16.15%.

Atkore Inc (ATKR) Insider Activity

The most recent transaction is an insider sale by Lowe LeAngela W., the company’s VP, Chief HR Officer. SEC filings show that Lowe LeAngela W. sold 6,500 shares of the company’s common stock on Mar 14 ’24 at a price of $176.07 per share for a total of $1.14 million. Following the sale, the insider now owns 25590.0 shares.

Atkore Inc disclosed in a document filed with the SEC on Mar 13 ’24 that Kershaw Justin A (Director) sold a total of 1,099 shares of the company’s common stock. The trade occurred on Mar 13 ’24 and was made at $171.77 per share for $0.19 million. Following the transaction, the insider now directly holds 16686.0 shares of the ATKR stock.

Still, SEC filings show that on Mar 04 ’24, Waltz William E Jr. (President and CEO) disposed off 50,000 shares at an average price of $173.85 for $8.69 million. The insider now directly holds 83,716 shares of Atkore Inc (ATKR).

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