State of Wyoming Has $599,000 Holdings in ATI Inc. $ATI

State of Wyoming increased its position in ATI Inc. (NYSE:ATI) by 249.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 5,218 shares of the basic materials company’s stock after buying an additional 3,723 shares during the period. State of Wyoming’s holdings in ATI were worth $599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC raised its holdings in ATI by 642.9% in the 4th quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 225 shares during the period. Prestige Wealth Management Group LLC bought a new position in ATI in the 3rd quarter worth $34,000. Torren Management LLC bought a new position in ATI in the 4th quarter worth $52,000. Allworth Financial LP raised its holdings in ATI by 50.8% in 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, Clearstead Advisors LLC raised its holdings in ATI by 137.3% in the 4th quarter. Clearstead Advisors LLC now owns 598 shares of the basic materials company’s stock worth $69,000 after acquiring an additional 346 shares during the period.

Wall Street Analysts Forecast Growth

ATI has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $194.00 target price on shares of ATI in a report on Friday, May 1st. JPMorgan Chase & Co. lifted their target price on shares of ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. BTIG Research lifted their target price on shares of ATI from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Zacks Research downgraded shares of ATI from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Susquehanna boosted their price objective on shares of ATI from $155.00 to $185.00 and gave the stock a “positive” rating in a report on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $164.38.

Insider Transactions at ATI

In related news, Director David J. Morehouse sold 6,609 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $154.25, for a total value of $1,019,438.25. Following the sale, the director owned 38,168 shares of the company’s stock, valued at $5,887,414. The trade was a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Kimberly A. Fields sold 59,749 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the completion of the sale, 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 SEC filing for this sale provides additional information. In the last three months, insiders sold 106,358 shares of company stock worth $18,087,092. 0.98% of the stock is currently owned by insiders.

ATI Stock Performance

NYSE ATI opened at $177.57 on Friday. The stock has a market cap of $24.23 billion, a P/E ratio of 58.80, a PEG ratio of 1.56 and a beta of 0.96. The company’s 50-day simple moving average is $158.86 and its 200 day simple moving average is $138.01. ATI Inc. has a twelve month low of $70.42 and a twelve month high of $183.30. The company has a quick ratio of 1.17, a current ratio of 2.67 and a debt-to-equity ratio of 0.95.

ATI (NYSE:ATI) last posted its earnings results on Thursday, April 30th. The basic materials company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.12. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.19 billion. ATI had a net margin of 9.26% and a return on equity of 26.44%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 earnings per share. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. As a group, research analysts forecast that ATI Inc. will post 4.43 earnings per share for the current fiscal year.

ATI announced that its board has authorized a share buyback plan on Thursday, February 19th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the basic materials company to buy up to 2.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

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.