Atkore International Group Inc (NASDAQ:ATKR) Rating Reiterated by Citigroup Inc.

Citigroup Inc. reissued their buy rating on shares of Atkore International Group Inc (NASDAQ:ATKR) in a research report sent to investors on Thursday. They currently have a $22.00 price target on the stock, down from their previous price target of $28.00.

ATKR has been the topic of a number of other reports. Zacks Investment Research lowered shares of Atkore International Group from a buy rating to a hold rating in a research report on Tuesday, May 2nd. Credit Suisse Group raised shares of Atkore International Group from a neutral rating to an outperform rating and set a $22.00 target price on the stock in a research report on Wednesday. Finally, Royal Bank Of Canada reaffirmed a buy rating and set a $20.00 target price on shares of Atkore International Group in a research report on Wednesday.

Atkore International Group (ATKR) traded up 4.91% during midday trading on Thursday, hitting $17.72. The stock had a trading volume of 662,522 shares. The stock’s 50-day moving average is $21.50 and its 200-day moving average is $23.97. Atkore International Group has a 1-year low of $15.05 and a 1-year high of $27.30. The company has a market capitalization of $1.14 billion and a PE ratio of 14.62.

Atkore International Group (NASDAQ:ATKR) last issued its earnings results on Tuesday, August 8th. The company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.02. The business had revenue of $397.70 million for the quarter, compared to analyst estimates of $424.49 million. Atkore International Group had a net margin of 5.08% and a return on equity of 25.87%. Atkore International Group’s revenue for the quarter was up .5% on a year-over-year basis. Equities research analysts forecast that Atkore International Group will post $1.43 EPS for the current year.

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In related news, insider John Patrick Williamson sold 70,000 shares of Atkore International Group 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 filing with the SEC, which is accessible through this link.

Institutional investors have recently modified their holdings of the stock. Foresters Investment Management Company Inc. acquired a new position in shares of Atkore International Group during the first quarter valued at about $11,755,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Atkore International Group during the first quarter valued at about $139,000. Old Mutual Global Investors UK Ltd. acquired a new position in shares of Atkore International Group during the first quarter valued at about $1,498,000. Swiss National Bank raised its position in shares of Atkore International Group by 42.1% in the first quarter. Swiss National Bank now owns 52,000 shares of the company’s stock valued at $1,367,000 after buying an additional 15,400 shares during the last quarter. Finally, Rosenblum Silverman Sutton S F Inc. CA acquired a new position in shares of Atkore International Group during the first quarter valued at about $2,012,000.

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.