Hennion & Walsh Asset Management Inc. Grows Stock Holdings in ATI Inc. $ATI

Hennion & Walsh Asset Management Inc. boosted its stake in shares of ATI Inc. (NYSE:ATI) by 65.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 25,214 shares of the basic materials company’s stock after purchasing an additional 10,004 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in ATI were worth $2,894,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of ATI during the 2nd quarter valued at approximately $146,726,000. Capital World Investors grew its holdings in shares of ATI by 15.8% in the 3rd quarter. Capital World Investors now owns 7,900,572 shares of the basic materials company’s stock worth $642,633,000 after acquiring an additional 1,080,201 shares during the period. Holocene Advisors LP increased its stake in ATI by 153.7% in the 3rd quarter. Holocene Advisors LP now owns 1,534,114 shares of the basic materials company’s stock valued at $124,785,000 after purchasing an additional 929,333 shares in the last quarter. BNP Paribas Financial Markets increased its stake in ATI by 552.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 720,224 shares of the basic materials company’s stock valued at $62,184,000 after purchasing an additional 609,874 shares in the last quarter. Finally, Capital International Investors raised its holdings in ATI by 2.6% during the third quarter. Capital International Investors now owns 17,147,559 shares of the basic materials company’s stock worth $1,394,349,000 after purchasing an additional 436,131 shares during the last quarter.

Insider Buying and Selling at ATI

In other news, Director David J. Morehouse sold 6,609 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $154.25, for a total transaction of $1,019,438.25. Following the sale, the director owned 38,168 shares in the company, valued at $5,887,414. This trade represents a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.

ATI Stock Performance

Shares of NYSE ATI opened at $144.66 on Wednesday. The company has a market cap of $19.74 billion, a PE ratio of 50.94, a price-to-earnings-growth ratio of 1.34 and a beta of 0.95. ATI Inc. has a 12 month low of $39.23 and a 12 month high of $168.14. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.66 and a quick ratio of 1.27. The company has a 50-day simple moving average of $143.38 and a 200-day simple moving average of $114.65.

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

ATI announced that its board has approved a stock repurchase plan on Thursday, February 19th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the basic materials company to reacquire up to 2.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts have commented on ATI shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $150.00 target price on shares of ATI in a research report on Wednesday, February 4th. Alembic Global Advisors started coverage on ATI in a research report on Thursday, January 15th. They issued an “overweight” rating and a $141.00 price target for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ATI in a research note on Monday, December 29th. JPMorgan Chase & Co. boosted their price objective on shares of ATI from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Finally, Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company’s stock. Based on data from MarketBeat, ATI currently has a consensus rating of “Buy” and an average target price of $134.00.

About ATI

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.