Hennion & Walsh Asset Management Inc. Raises Stake in ATI Inc. $ATI

Hennion & Walsh Asset Management Inc. grew its holdings in ATI Inc. (NYSE:ATI) by 65.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 25,214 shares of the basic materials company’s stock after buying an additional 10,004 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in ATI were worth $2,894,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. True Wealth Design LLC grew its holdings in shares of ATI by 642.9% during the fourth quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock worth $30,000 after buying an additional 225 shares during the last quarter. Meeder Asset Management Inc. raised its stake in ATI by 2,010.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 402 shares during the last quarter. Prestige Wealth Management Group LLC acquired a new stake in ATI during the 3rd quarter worth approximately $34,000. Allworth Financial LP lifted its position in ATI by 50.8% during the 3rd quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 180 shares during the period. Finally, ARK Investment Management LLC grew its stake in shares of ATI by 378.7% in the 3rd quarter. ARK Investment Management LLC now owns 742 shares of the basic materials company’s stock valued at $60,000 after purchasing an additional 587 shares during the last quarter.

ATI Price Performance

Shares of ATI opened at $144.66 on Wednesday. The company has a current ratio of 2.66, a quick ratio of 1.27 and a debt-to-equity ratio of 0.90. The stock’s 50 day moving average is $143.38 and its two-hundred day moving average is $114.65. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $168.14. The firm has a market capitalization of $19.74 billion, a PE ratio of 50.94, a P/E/G ratio of 1.34 and a beta of 0.95.

ATI (NYSE:ATI) last issued its earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. ATI had a return on equity of 24.26% and a net margin of 8.81%.The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the business posted $0.79 EPS. ATI has set its FY 2026 guidance at 3.990-4.270 EPS and its Q1 2026 guidance at 0.830-0.890 EPS. Research analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current year.

ATI declared that its board has authorized a share buyback program on Thursday, February 19th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the basic materials company to purchase up to 2.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ATI shares. KeyCorp started coverage on ATI in a report on Wednesday, March 25th. They issued an “overweight” rating and a $140.00 target price on the stock. Alembic Global Advisors began coverage on ATI in a report on Thursday, January 15th. They set an “overweight” rating and a $141.00 price target for the company. Susquehanna set a $155.00 price objective on shares of ATI in a research report on Wednesday, February 4th. Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $150.00 price objective on shares of ATI in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $134.00.

Insider Transactions at ATI

In other ATI news, Director David J. Morehouse sold 6,609 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $154.25, for a total value of $1,019,438.25. Following the completion of the transaction, the director owned 38,168 shares in the company, valued at approximately $5,887,414. This represents a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

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.