Semanteon Capital Management LP Acquires New Position in Atkore Inc. $ATKR

Semanteon Capital Management LP acquired a new stake in shares of Atkore Inc. (NYSE:ATKR) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,622 shares of the company’s stock, valued at approximately $478,000.

A number of other large investors have also recently modified their holdings of the business. California State Teachers Retirement System raised its holdings in shares of Atkore by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 33,067 shares of the company’s stock worth $2,333,000 after buying an additional 214 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Atkore by 15.4% in the second quarter. Osaic Holdings Inc. now owns 1,794 shares of the company’s stock worth $127,000 after acquiring an additional 240 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Atkore by 61.8% in the 1st quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock valued at $39,000 after purchasing an additional 246 shares in the last quarter. Matrix Trust Co grew its holdings in shares of Atkore by 6.2% during the 3rd quarter. Matrix Trust Co now owns 4,391 shares of the company’s stock valued at $275,000 after purchasing an additional 258 shares during the last quarter. Finally, Arkadios Wealth Advisors lifted its stake in Atkore by 8.4% in the 2nd quarter. Arkadios Wealth Advisors now owns 4,111 shares of the company’s stock valued at $290,000 after purchasing an additional 317 shares during the last quarter.

Atkore Stock Up 0.6%

Shares of ATKR opened at $67.14 on Monday. The stock’s 50-day moving average price is $67.40 and its two-hundred day moving average price is $64.40. Atkore Inc. has a 12 month low of $49.92 and a 12 month high of $80.06. The company has a market capitalization of $2.27 billion, a PE ratio of -48.30 and a beta of 1.60. The company has a current ratio of 3.42, a quick ratio of 2.40 and a debt-to-equity ratio of 0.54.

Atkore (NYSE:ATKR) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.19. The company had revenue of $655.55 million during the quarter, compared to the consensus estimate of $650.09 million. Atkore had a positive return on equity of 11.27% and a negative net margin of 1.63%.The firm’s revenue was down .9% compared to the same quarter last year. During the same period last year, the company earned $1.63 earnings per share. Atkore has set its FY 2026 guidance at 5.050-5.550 EPS. On average, analysts anticipate that Atkore Inc. will post 5.79 EPS for the current year.

Atkore Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be given a $0.33 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.0%. Atkore’s payout ratio is -94.96%.

Insider Activity

In other news, insider Mark F. Lamps sold 1,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $65.78, for a total value of $65,780.00. Following the sale, the insider directly owned 35,982 shares of the company’s stock, valued at approximately $2,366,895.96. This represents a 2.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

ATKR has been the subject of several research analyst reports. Citigroup upped their price target on shares of Atkore from $64.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Royal Bank Of Canada set a $71.00 price objective on Atkore in a research report on Wednesday, February 4th. CJS Securities raised Atkore to a “strong-buy” rating in a report on Thursday, December 11th. Wall Street Zen upgraded Atkore from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Atkore in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Atkore currently has an average rating of “Hold” and a consensus price target of $75.50.

About Atkore

Atkore International Group Inc (NYSE: ATKR) is a diversified global manufacturer of electrical raceway and mechanical products, serving a broad range of end markets including commercial construction, industrial facilities and energy infrastructure. The company’s electrical product portfolio encompasses conduit, tubing, fittings, connectors and cable management systems designed for use in residential, commercial and industrial wiring applications. On the mechanical side, Atkore offers pipe support solutions, seismic bracing, HVAC hangers and other mechanical products that address critical building and process piping needs.

Founded as a family-owned business before its reorganization into a standalone public company in 2016, Atkore has grown through both organic investment and targeted acquisitions.