Havemeyer Place LP Takes Position in ATI Inc. $ATI

Havemeyer Place LP acquired a new stake in shares of ATI Inc. (NYSE:ATI) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 13,632 shares of the basic materials company’s stock, valued at approximately $1,564,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. True Wealth Design LLC raised its position in shares of ATI by 642.9% during the 4th quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock valued at $30,000 after buying an additional 225 shares in the last quarter. Prestige Wealth Management Group LLC bought a new position in shares of ATI during the 3rd quarter valued at $34,000. Torren Management LLC bought a new position in shares of ATI during the 4th quarter valued at $52,000. Allworth Financial LP grew its holdings in shares of ATI by 50.8% during the 3rd quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 180 shares during the last quarter. Finally, Clearstead Advisors LLC grew its holdings in shares of ATI by 137.3% during the 4th quarter. Clearstead Advisors LLC now owns 598 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 346 shares during the last quarter.

ATI Trading Down 2.0%

NYSE:ATI opened at $177.57 on Friday. ATI Inc. has a one year low of $70.42 and a one year high of $183.30. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.67 and a quick ratio of 1.17. The company’s 50-day simple moving average is $158.86 and its 200 day simple moving average is $138.01. The firm has a market capitalization of $24.23 billion, a P/E ratio of 58.80, a PEG ratio of 1.53 and a beta of 0.96.

ATI (NYSE:ATI) last posted its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 EPS for the quarter, topping 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 business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the firm posted $0.72 earnings per share. ATI’s quarterly revenue 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 forecast that ATI Inc. will post 4.43 EPS for the current fiscal year.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ATI in a research note on Friday, May 22nd. Wall Street Zen lowered shares of ATI from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. JPMorgan Chase & Co. lifted their target price on shares of ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. BTIG Research lifted their target price on shares of ATI from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, KeyCorp lifted their target price 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 issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $164.38.

Insider Activity

In related news, Director David J. Morehouse sold 6,609 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were 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 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 at this link. Also, CEO Kimberly A. Fields sold 59,749 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the sale, the chief executive officer directly owned 218,014 shares in the company, valued at $39,039,766.98. The trade was a 21.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 106,358 shares of company stock worth $18,087,092 in the last three months. 0.98% of the stock is currently owned by insiders.

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.