North Dakota State Investment Board Takes Position in ATI Inc. $ATI

North Dakota State Investment Board purchased a new stake in shares of ATI Inc. (NYSE:ATI) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 4,917 shares of the basic materials company’s stock, valued at approximately $564,000.

Several other institutional investors have also recently made changes to their positions in the company. DNB Asset Management AS purchased a new stake in shares of ATI during the 4th quarter valued at approximately $225,000. Northwestern Mutual Wealth Management Co. raised its position in shares of ATI by 456.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 129,617 shares of the basic materials company’s stock valued at $14,875,000 after buying an additional 106,343 shares during the period. Thrivent Financial for Lutherans raised its position in shares of ATI by 2.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 47,287 shares of the basic materials company’s stock valued at $5,427,000 after buying an additional 1,165 shares during the period. Allworth Financial LP raised its position in shares of ATI by 206.6% during the 4th quarter. Allworth Financial LP now owns 1,637 shares of the basic materials company’s stock valued at $188,000 after buying an additional 1,103 shares during the period. Finally, Freemont Management S.A. raised its position in shares of ATI by 197.0% during the 4th quarter. Freemont Management S.A. now owns 19,900 shares of the basic materials company’s stock valued at $2,284,000 after buying an additional 13,200 shares during the period.

Insiders Place Their Bets

In other news, Director David J. Morehouse sold 6,609 shares of the company’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 of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kimberly A. Fields sold 40,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $159.21, for a total value of $6,368,400.00. Following the sale, the chief executive officer directly owned 277,763 shares in the company, valued at $44,222,647.23. This represents a 12.59% decrease in their position. The SEC filing for this sale provides additional information. 0.98% of the stock is currently owned by corporate insiders.

ATI Stock Up 4.3%

Shares of NYSE ATI opened at $160.37 on Friday. The firm has a market cap of $21.89 billion, a price-to-earnings ratio of 53.10, a PEG ratio of 1.32 and a beta of 0.94. 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 Inc. has a 52-week low of $70.42 and a 52-week high of $171.11. The business’s 50 day moving average is $153.28 and its two-hundred day moving average is $132.45.

ATI (NYSE:ATI) last posted its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.12. ATI had a return on equity of 26.44% and a net margin of 9.26%.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 prior year, the company earned $0.72 earnings per share. The company’s 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. Research analysts predict that ATI Inc. will post 4.43 EPS for the current year.

ATI announced that its board has authorized a share repurchase program on Thursday, February 19th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the basic materials company to reacquire up to 2.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. BTIG Research boosted their target price on ATI from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Wells Fargo & Company assumed coverage on ATI in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 target price on the stock. 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. Susquehanna boosted their target price on ATI from $155.00 to $185.00 and gave the company a “positive” rating in a research report on Friday, April 10th. Finally, Wall Street Zen lowered ATI from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. One 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’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $164.38.

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.