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Mark F. Lamps, President of Safety & Infrastructure at Atkore Inc. (NYSE:ATKR), recently sold a portion of his holdings in the company. According to a recent SEC filing, Lamps sold 500 shares of Atkore common stock on February 10, 2025, at a price of $65 per share, totaling $32,500. This transaction was executed under a pre-established Rule 10b5-1 trading plan, which Lamps adopted on February 13, 2024. Following the sale, Lamps retains ownership of approximately 33,760 shares, including unvested restricted stock units and accrued dividend equivalents. The company maintains strong fundamentals with a healthy current ratio of 3.03 and trades at an attractive P/E ratio of 6.6. InvestingPro analysis suggests the stock is currently undervalued, with 14 additional real-time insights available to subscribers through the comprehensive Pro Research Report.
In other recent news, Atkore International Group Inc . has been in the spotlight due to a series of analyst downgrades and adjustments to its stock price target. Loop Capital Markets downgraded Atkore’s stock from a "Buy" to a "Hold" rating, lowering the price target from $115.00 to $65.00 amid concerns over the company’s ability to maintain pricing power in a competitive market. Similarly, RBC Capital Markets reduced Atkore’s price target from $91.00 to $73.00 while maintaining a Sector Perform rating. KeyBanc Capital Markets also revised the price target downward to $80 from the previous $105, yet maintained an Overweight rating on the company’s shares.
These adjustments followed Atkore’s first-quarter fiscal year 2025 report, which revealed operating results that aligned with expectations, including consistent volume and pricing. However, Atkore’s EBITDA is not forecasted to return to year-over-year growth until the second quarter of fiscal year 2026, according to Loop Capital’s analysis.
In addition to these changes, Atkore’s shareholders approved executive pay and elected nine directors at the Annual Meeting of Stockholders. The outcomes of the Annual Meeting indicate shareholder confidence in the company’s governance and strategic direction. These are among the recent developments concerning Atkore, as the company navigates through the current fiscal year.
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