KLCM Advisors Inc. Lowers Stake in ATI Inc. $ATI

KLCM Advisors Inc. lessened its position in shares of ATI Inc. (NYSE:ATI) by 8.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 322,664 shares of the basic materials company’s stock after selling 31,173 shares during the quarter. ATI accounts for 3.2% of KLCM Advisors Inc.’s holdings, making the stock its 3rd largest holding. KLCM Advisors Inc.’s holdings in ATI were worth $37,029,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada boosted its position in ATI by 8.1% during the first quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock worth $3,140,000 after purchasing an additional 4,542 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of ATI by 49.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock valued at $32,984,000 after buying an additional 209,480 shares in the last quarter. Cetera Investment Advisers bought a new position in ATI in the 2nd quarter worth approximately $324,000. M&T Bank Corp purchased a new position in ATI in the 2nd quarter valued at approximately $317,000. Finally, First Trust Advisors LP raised its holdings in ATI by 4.9% during the 2nd quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company’s stock valued at $17,028,000 after acquiring an additional 9,234 shares during the period.

ATI Trading Up 1.8%

Shares of ATI opened at $161.26 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 2.67 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $22.01 billion, a P/E ratio of 53.40, a PEG ratio of 1.36 and a beta of 0.94. ATI Inc. has a twelve month low of $70.42 and a twelve month high of $171.11. The firm has a fifty day simple moving average of $153.50 and a two-hundred day simple moving average of $128.91.

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

ATI declared that its board has initiated a stock buyback plan on Thursday, February 19th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the basic materials company to purchase up to 2.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at ATI

In related 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 value of $1,019,438.25. Following the sale, the director directly owned 38,168 shares of the company’s stock, valued at $5,887,414. This represents a 14.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.98% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Alembic Global Advisors started coverage on ATI in a research report on Thursday, January 15th. They set an “overweight” rating and a $141.00 price target on the stock. Susquehanna boosted their price objective on shares of ATI from $155.00 to $185.00 and gave the company a “positive” rating in a research note on Friday, April 10th. Zacks Research cut shares of ATI from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Finally, KeyCorp boosted their price target on shares of ATI from $167.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, ATI has a consensus rating of “Buy” and an average price target of $164.38.

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.