Oakmont Investment Advisors Inc. Acquires New Stake in ATI Inc. $ATI

Oakmont Investment Advisors Inc. acquired a new position in shares of ATI Inc. (NYSE:ATI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,371 shares of the basic materials company’s stock, valued at approximately $1,059,000.

Several other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in ATI in the second quarter valued at $3,687,529,000. State Street Corp grew its holdings in ATI by 7.4% during the 3rd quarter. State Street Corp now owns 6,042,244 shares of the basic materials company’s stock worth $491,476,000 after acquiring an additional 415,479 shares during the period. Capital Research Global Investors raised its position in shares of ATI by 12.0% in the 4th quarter. Capital Research Global Investors now owns 3,611,724 shares of the basic materials company’s stock worth $414,481,000 after acquiring an additional 386,754 shares in the last quarter. Invesco Ltd. lifted its stake in shares of ATI by 7.4% in the 4th quarter. Invesco Ltd. now owns 3,384,924 shares of the basic materials company’s stock valued at $388,454,000 after purchasing an additional 233,010 shares during the period. Finally, Bank of America Corp DE acquired a new position in shares of ATI in the 2nd quarter valued at about $348,285,000.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of ATI from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. BTIG Research raised their price target on shares of ATI from $180.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $262.00 price objective on shares of ATI in a report on Monday, August 10th. Susquehanna boosted their target price on ATI from $215.00 to $265.00 and gave the stock a “positive” rating in a research note on Friday, August 7th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $275.00 price target on shares of ATI in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. Based on data from MarketBeat.com, ATI has an average rating of “Buy” and a consensus price target of $232.00.

ATI Stock Performance

NYSE ATI opened at $210.52 on Friday. The company’s 50 day simple moving average is $202.12 and its two-hundred day simple moving average is $176.74. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.33 and a quick ratio of 1.14. ATI Inc. has a 1 year low of $74.45 and a 1 year high of $243.57. The stock has a market capitalization of $28.67 billion, a PE ratio of 61.74, a P/E/G ratio of 1.24 and a beta of 1.01.

ATI (NYSE:ATI) last announced its earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.20. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. ATI had a return on equity of 29.27% and a net margin of 10.09%.The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 EPS. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. Analysts predict that ATI Inc. will post 5.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Kimberly A. Fields sold 40,000 shares of the company’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $182.91, for a total transaction of $7,316,400.00. Following the completion of the transaction, the chief executive officer directly owned 157,321 shares of the company’s stock, valued at approximately $28,775,584.11. This represents a 20.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David J. Morehouse sold 2,485 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $201.61, for a total transaction of $501,000.85. Following the sale, the director owned 35,826 shares of the company’s stock, valued at approximately $7,222,879.86. This represents a 6.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 136,280 shares of company stock worth $27,243,528 in the last 90 days. 0.98% of the stock is owned by company insiders.

ATI Profile

Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.