Sheets Smith Wealth Management Invests $496,000 in ATI Inc. $ATI

Sheets Smith Wealth Management bought a new stake in ATI Inc. (NYSE:ATI) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,321 shares of the basic materials company’s stock, valued at approximately $496,000.

Other hedge funds have also modified their holdings of the company. True Wealth Design LLC lifted its position in ATI by 642.9% during 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 in the last quarter. Meeder Asset Management Inc. grew its position in ATI by 2,010.0% in the third quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 402 shares in the last quarter. Prestige Wealth Management Group LLC acquired a new stake in ATI in the third quarter valued at approximately $34,000. Allworth Financial LP raised 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 valued at $43,000 after purchasing an additional 180 shares during the period. Finally, ARK Investment Management LLC raised 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 valued at $60,000 after purchasing an additional 587 shares during the period.

ATI Stock Performance

Shares of ATI opened at $147.19 on Friday. The firm has a market cap of $20.09 billion, a price-to-earnings ratio of 51.83, a PEG ratio of 1.45 and a beta of 1.00. The company has a quick ratio of 1.27, a current ratio of 2.66 and a debt-to-equity ratio of 0.90. The business’s 50 day moving average is $144.88 and its two-hundred day moving average is $115.87. ATI Inc. has a 52-week low of $39.23 and a 52-week high of $168.14.

ATI (NYSE:ATI) last released its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. The business had revenue of $1.18 billion during 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 business’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the company earned $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. Analysts forecast that ATI Inc. will post 2.89 EPS for the current fiscal year.

ATI declared that its Board of Directors has approved a stock 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 usually a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other ATI news, Director David J. Morehouse sold 6,609 shares of the firm’s stock in a transaction on 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 completion of the transaction, the director directly owned 38,168 shares of the company’s stock, valued at $5,887,414. This trade represents a 14.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ATI. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $150.00 target price on shares of ATI in a research note on Wednesday, February 4th. KeyCorp assumed coverage on shares of ATI in a research note on Wednesday, March 25th. They set an “overweight” rating and a $140.00 price target on the stock. BTIG Research boosted their price objective on shares of ATI from $120.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Alembic Global Advisors assumed coverage on shares of ATI in a research report on Thursday, January 15th. They issued an “overweight” rating and a $141.00 price objective for the company. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $138.56.

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.