4,917 Shares in ATI Inc. $ATI Bought by North Dakota State Investment Board

North Dakota State Investment Board bought a new position in shares of ATI Inc. (NYSE:ATI) in the fourth quarter, HoldingsChannel reports. The fund bought 4,917 shares of the basic materials company’s stock, valued at approximately $564,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ATI. True Wealth Design LLC grew its stake 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 purchasing an additional 225 shares in the last quarter. Prestige Wealth Management Group LLC acquired a new position in shares of ATI during the third quarter worth $34,000. Allworth Financial LP grew its stake in shares of ATI by 50.8% during the third quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 180 shares in the last quarter. Torren Management LLC acquired a new position in shares of ATI during the fourth quarter worth $52,000. Finally, ARK Investment Management LLC grew its stake in shares of ATI by 378.7% during the third quarter. ARK Investment Management LLC now owns 742 shares of the basic materials company’s stock worth $60,000 after purchasing an additional 587 shares in the last quarter.

Insider Buying and Selling at ATI

In other ATI news, Director David J. Morehouse sold 6,609 shares of the company’s stock in a transaction on 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 completion of the transaction, the director owned 38,168 shares in the company, valued at $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 is available at this hyperlink. Also, CEO Kimberly A. Fields sold 40,000 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $159.21, for a total transaction of $6,368,400.00. Following the completion of the transaction, the chief executive officer owned 277,763 shares of the company’s stock, valued at $44,222,647.23. This represents a 12.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.98% of the company’s stock.

Analyst Ratings Changes

ATI has been the subject of a number of analyst reports. Zacks Research downgraded shares of ATI from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Wells Fargo & Company initiated coverage on shares of ATI in a research note on Wednesday, April 1st. They set an “overweight” rating and a $175.00 target price for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $194.00 target price on shares of ATI in a research note on Friday, May 1st. Wall Street Zen downgraded shares of ATI from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, KeyCorp upped their price objective on shares of ATI from $167.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $164.38.

ATI Stock Performance

NYSE ATI opened at $160.37 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.67 and a quick ratio of 1.17. ATI Inc. has a 1 year low of $70.42 and a 1 year high of $171.11. The company has a market capitalization of $21.89 billion, a PE ratio of 53.10, a P/E/G ratio of 1.32 and a beta of 0.94. The company has a fifty day moving average of $153.28 and a two-hundred day moving average of $132.45.

ATI (NYSE:ATI) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.12. ATI had a net margin of 9.26% and a return on equity of 26.44%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the firm posted $0.72 earnings per share. ATI’s revenue for the quarter was up .6% on a year-over-year basis. 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, analysts expect that ATI Inc. will post 4.43 earnings per share for the current year.

ATI announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 19th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the basic materials company to buy up to 2.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

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.