It was reported on February 26, that William E. Waltz, Jr., President and CEO at Atkore (NYSE:ATKR) executed a significant insider sell, according to an SEC filing.
What Happened: Jr.'s recent Form 4 filing with the U.S. Securities and Exchange Commission on Monday unveiled the sale of 43,072 shares of Atkore. The total transaction value is $6,912,048.
As of Tuesday morning, Atkore shares are down by 0.0%, currently priced at $161.03.
Unveiling the Story Behind Atkore
Atkore Inc is a diversified industrials company and a manufacturer of electrical, mechanical, and safety infrastructure solutions. Atkore has two business segments: electrical and safety and infrastructure. Net sales are highest in the electrical business line as well as in the United States. The key product categories in the electrical segment are PVC conduit, steel conduit, and PVC-coated conduit, which are staples for electrical distributors. The key product categories in the safety and infrastructure segment include in-line galvanized mechanical tube, metal framing and related fittings, and security bollards. Also, the company provides ancillary services to customers in the form of slitting and cutting structural steel sheets.
Financial Milestones: Atkore's Journey
Revenue Growth: Atkore's revenue growth over a period of 3 months has faced challenges. As of ...