Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of ATI Inc. (NYSE:ATI – Free Report) during the second quarter, according to its most recent filing with the SEC. The fund bought 2,886 shares of the basic materials company’s stock, valued at approximately $569,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in ATI. Signature Equity Partners LLC grew its position in ATI by 208.5% during the first quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock valued at $26,000 after buying an additional 123 shares during the period. CoreCap Advisors LLC purchased a new stake in ATI during the second quarter worth about $30,000. Torren Management LLC bought a new stake in ATI in the fourth quarter worth about $52,000. Summit Securities Group LLC bought a new stake in ATI in the first quarter worth about $60,000. Finally, Hollencrest Capital Management boosted its stake in ATI by 283.1% in the first quarter. Hollencrest Capital Management now owns 452 shares of the basic materials company’s stock valued at $66,000 after acquiring an additional 334 shares during the last quarter.
Insider Buying and Selling
In related news, CEO Kimberly A. Fields sold 59,749 shares of ATI stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total value of $10,699,253.43. Following the completion of the transaction, the chief executive officer directly owned 218,014 shares in the company, valued at approximately $39,039,766.98. The trade was a 21.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 192,199 shares of company stock valued at $34,601,100. 0.98% of the stock is currently owned by company insiders.
ATI News Roundup
- Positive Sentiment: Quarterly results exceeded expectations: ATI reported adjusted EPS of $1.23 versus the $1.03 consensus estimate, while revenue rose 11% year over year to $1.26 billion. GAAP EPS increased 56% to $1.09, and net income rose 50% to $151 million. ATI Announces Second Quarter 2026 Results
- Positive Sentiment: Profitability is expanding: Adjusted EBITDA climbed 37% to $284 million, with the margin expanding to 22.6% from 18.2% a year earlier. Aerospace and defense sales increased 13%, supporting demand for ATI’s advanced materials. ATI Q2 Earnings Call Highlights
- Positive Sentiment: Raised outlook and strong backlog: ATI increased its full-year 2026 adjusted EPS guidance to $4.90-$5.18 from $4.20-$4.48 and forecast third-quarter EPS of $1.31-$1.37, above the $1.12 consensus. Management also cited a record $4.4 billion backlog and stronger second-half growth as its HPMC business ramps. ATI Raises 2026 Outlook
- Positive Sentiment: Analysts raised price targets: Susquehanna lifted its target to $265 and assigned a positive rating, while BTIG raised its target to $270 and upgraded ATI to Buy. The revisions reinforce optimism about sustained aerospace, defense and margin growth.
- Neutral Sentiment: ATI is trading near its 52-week high and at a comparatively elevated valuation, with a reported P/E ratio above 75, which may increase sensitivity to any earnings or guidance disappointment.
- Negative Sentiment: Insider-trading data shows 26 open-market sales and no purchases during the past six months, including sales by senior executives. This may temper sentiment, although the transactions have not offset the positive earnings reaction.
ATI Price Performance
NYSE ATI opened at $228.15 on Friday. The company has a quick ratio of 1.17, a current ratio of 2.33 and a debt-to-equity ratio of 0.91. The company has a market cap of $31.14 billion, a PE ratio of 66.91, a price-to-earnings-growth ratio of 1.62 and a beta of 0.98. ATI Inc. has a 52 week low of $70.42 and a 52 week high of $236.98. The firm’s 50-day simple moving average is $192.40 and its two-hundred day simple moving average is $164.47.
ATI (NYSE:ATI – Get Free Report) last posted its earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.20. ATI had a net margin of 10.09% and a return on equity of 29.27%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company earned $0.74 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. Research analysts predict that ATI Inc. will post 5.04 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on ATI. JPMorgan Chase & Co. increased their target price on shares of ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. BTIG Research upped their price objective on ATI from $180.00 to $270.00 and gave the company a “buy” rating in a research note on Friday. TD Cowen increased their price objective on ATI from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $194.00 target price on shares of ATI in a research report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $205.12.
View Our Latest Stock Report on ATI
ATI Company 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.
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