Goldman Sachs Group Inc. Sells 145,565 Shares of Atkore Inc. (NYSE:ATKR)

Goldman Sachs Group Inc. trimmed its position in shares of Atkore Inc. (NYSE:ATKR) by 32.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 300,429 shares of the company’s stock after selling 145,565 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.82% of Atkore worth $48,069,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in Atkore by 1.5% during the fourth quarter. Principal Financial Group Inc. now owns 200,175 shares of the company’s stock worth $32,028,000 after buying an additional 3,036 shares during the last quarter. Teza Capital Management LLC grew its stake in Atkore by 9.2% during the third quarter. Teza Capital Management LLC now owns 1,446 shares of the company’s stock worth $216,000 after buying an additional 122 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Atkore by 2.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 629,420 shares of the company’s stock worth $100,707,000 after purchasing an additional 12,189 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in shares of Atkore by 121.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 243,695 shares of the company’s stock worth $38,991,000 after purchasing an additional 133,622 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Atkore by 3.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 564,384 shares of the company’s stock worth $90,301,000 after purchasing an additional 19,876 shares in the last quarter.

Atkore Trading Down 0.3 %

Shares of NYSE ATKR opened at $136.42 on Thursday. The company’s 50 day simple moving average is $158.68 and its 200 day simple moving average is $159.43. Atkore Inc. has a fifty-two week low of $121.00 and a fifty-two week high of $194.98. The firm has a market capitalization of $4.97 billion, a P/E ratio of 8.50 and a beta of 2.16. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.09 and a quick ratio of 1.98.

Atkore (NYSE:ATKR) last announced its quarterly earnings data on Monday, May 6th. The company reported $4.08 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.86. Atkore had a net margin of 18.30% and a return on equity of 43.19%. The business had revenue of $792.90 million for the quarter, compared to analyst estimates of $808.22 million. During the same period in the prior year, the business posted $4.31 earnings per share. Atkore’s revenue was down 11.5% compared to the same quarter last year. On average, analysts predict that Atkore Inc. will post 14.93 EPS for the current year.

Atkore Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Tuesday, May 21st were issued a $0.32 dividend. The ex-dividend date was Monday, May 20th. This represents a $1.28 annualized dividend and a yield of 0.94%. Atkore’s dividend payout ratio is currently 7.98%.

Insider Buying and Selling at Atkore

In other Atkore news, insider Mark F. Lamps sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $157.67, for a total value of $78,835.00. Following the completion of the sale, the insider now owns 28,586 shares of the company’s stock, valued at $4,507,154.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Atkore news, Director Wilbert W. James, Jr. sold 599 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $153.23, for a total value of $91,784.77. Following the completion of the sale, the director now owns 15,695 shares of the company’s stock, valued at $2,404,944.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark F. Lamps sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $157.67, for a total transaction of $78,835.00. Following the completion of the sale, the insider now directly owns 28,586 shares of the company’s stock, valued at approximately $4,507,154.62. The disclosure for this sale can be found here. Insiders own 2.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $187.00 target price on shares of Atkore in a research report on Friday, March 22nd. StockNews.com lowered shares of Atkore from a “buy” rating to a “hold” rating in a research report on Wednesday, May 8th. Finally, Citigroup reduced their target price on shares of Atkore from $200.00 to $188.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th.

Atkore Profile

Atkore Inc engages in the manufacture and sale of electrical, mechanical, safety, and infrastructure products and solutions in the United States and internationally. The company offers conduits, cables, and installation accessories. It also designs and manufactures protection and reliability solutions for critical infrastructure, such as metal framing, mechanical pipe, perimeter security, and cable management.