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Atkore Inc (NYSE: ATKR ) Vice President and Chief Human Resources Officer Leangela Lowe sold 6,500 shares of the company’s stock on March 14, 2024, according to a recent SEC filing. The average price of the transaction was $176.07 per share and total sales were $1,144,455.
Atkore Inc is a company that manufactures and distributes electrical plumbing products. It offers a wide range of solutions including electrical conduit, armored cable, cable trays, cable management systems and related accessories and connectors. These products are used in the construction and renovation of commercial, industrial and residential buildings.
Last year, Leangela Lowe sold a total of 9,500 Atkore Inc shares but did not buy any shares. Atkore Inc’s insider trading history shows no insider buying over the past year, while there have been 15 insider sales over the same period.
On the day when insiders most recently sold shares, Atkore Inc’s shares were trading at $176.07, giving the company a market capitalization of $6.392 billion. The company’s price-to-earnings ratio is 10.41, which is lower than the industry median of 22.33 and higher than the company’s historical price-to-earnings ratio median.
The stock is priced at $176.07 while the GuruFocus value is $142.83, which indicates that Atkore Inc’s market price to GF value ratio is 1.23, which suggests that the stock is moderately overvalued based on its GF value.
The calculation of GF takes into account historical trading multiples, GuruFocus adjustment factors based on past returns and growth, and Morningstar analyst estimates of future business performance.
The Insider Trend chart above reflects recent selling activity by Atkore Inc. insiders.
The GF Value image provides an estimate of Atkore Inc.’s intrinsic value, showing the stock’s current valuation status.
This article was generated by GuruFocus and is intended to provide general insight and is not tailored financial advice. Our commentary is rooted in historical data and analyst forecasts, employs an unbiased methodology, and is not intended to serve as specific investment guidance. It does not make a recommendation to purchase or divest any stock and does not take into account personal investment objectives or financial situation. Our goal is to provide long-term, fundamental data-driven analysis. Please note that our analysis may not include the latest, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in the stocks mentioned in this article.
This article was first published on GuruFocus.
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