On May 22, 2024, A Zeffiro, Director of Atkore Inc (ATKR, Financial), executed a sale of 2,000 shares of the company. The transaction was documented in a recent SEC Filing. The shares were sold at a price of $154.11 each, totaling $308,220.
Atkore Inc (ATKR, Financial) is a company that manufactures and distributes electrical, safety, and infrastructure products. The company has a significant presence in the construction and industrial markets, providing materials that are essential for electrical conduit, cable management, and metal framing systems.
Over the past year, the insider, A Zeffiro, has sold a total of 2,750 shares and has not purchased any shares. This recent transaction follows a pattern observed in the insider transaction history for Atkore Inc, where there have been 17 insider sells and no insider buys over the past year.
The shares of Atkore Inc were trading at $154.11 on the day of the sale, giving the company a market cap of approximately $5.66 billion. The price-earnings ratio of the company stands at 9.67, which is lower than both the industry median of 23.53 and the company’s historical median.
According to the GF Value, the intrinsic value of Atkore Inc is estimated at $140.94 per share, making the stock Fairly Valued with a price-to-GF-Value ratio of 1.09. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates.
This sale by the insider might be of interest to current and potential investors, providing insight into insider confidence and valuation perspectives at current price levels.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
