Atkore Inc (NYSE:ATKR), a company specializing in electrical raceway products, safety and infrastructure solutions, has reported an insider sale according to a recent SEC filing. Director Justin Kershaw sold 1,099 shares of the company on March 13, 2024.
Atkore Inc, with a market cap of $6.476 billion, is known for its commitment to delivering a comprehensive suite of products and solutions for the electrical, safety, and infrastructure sectors. The company's offerings include electrical conduit, cable management systems, armored cable, metal framing, and security products and solutions.
Justin Kershaw, who holds a director position at Atkore Inc, executed the sale of shares at a price of $171.77 each. This transaction has been officially filed with the SEC, and the details can be accessed through the SEC Filing.
Over the past year, the insider has sold a total of 1,099 shares and has not made any share purchases. The company's insider transaction history over the last year indicates that there have been no insider buys and 14 insider sells.
The stock's price-earnings ratio stands at 10.55, which is below the industry median of 22.58 and above the historical median price-earnings ratio for Atkore Inc. On the valuation front, Atkore Inc's shares are trading at a price-to-GF-Value ratio of 1.2, suggesting that the stock is modestly overvalued in relation to its GF Value of $142.83.
The GF Value is a proprietary intrinsic value estimate from GuruFocus, which takes into account historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
Investors and stakeholders in Atkore Inc may consider the insider selling activity alongside the company's current valuation metrics to inform their investment decisions.
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.
