Thurston Springer Miller Herd & Titak Inc. Invests $569,000 in ATI Inc. $ATI

Thurston Springer Miller Herd & Titak Inc. bought a new position in ATI Inc. (NYSE:ATI) during the second quarter, according to its most recent filing with the SEC. The firm bought 2,886 shares of the basic materials company’s stock, valued at approximately $569,000.

A number of other large investors also recently modified their holdings of the company. Bank of Nova Scotia raised its holdings in ATI by 92.9% during the first quarter. Bank of Nova Scotia now owns 467,149 shares of the basic materials company’s stock worth $67,951,000 after buying an additional 224,949 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of ATI by 456.9% during the fourth 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 last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of ATI during the first quarter valued at about $4,599,000. Precision Wealth Strategies LLC bought a new stake in shares of ATI during the first quarter worth about $1,009,000. Finally, Illinois Municipal Retirement Fund bought a new stake in shares of ATI during the first quarter worth about $1,106,000.

ATI Stock Performance

Shares of ATI stock opened at $228.15 on Friday. The firm has a 50-day moving average of $192.40 and a 200-day moving average of $164.47. The company has a market cap of $31.14 billion, a P/E ratio of 66.91, a P/E/G ratio of 1.62 and a beta of 0.98. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.33 and a quick ratio of 1.17. ATI Inc. has a one year low of $70.42 and a one year high of $236.98.

ATI (NYSE:ATI) last released its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.20. ATI had a net margin of 10.09% and a return on equity of 29.27%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the company earned $0.74 earnings per share. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. Equities research analysts forecast that ATI Inc. will post 5.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ATI has been the topic of a number of analyst reports. BTIG Research upped their target price on shares of ATI from $180.00 to $270.00 and gave the stock a “buy” rating in a report on Friday. Susquehanna boosted their price objective on ATI from $215.00 to $265.00 and gave the stock a “positive” rating in a report on Friday. Zacks Research raised ATI from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $194.00 price objective on shares of ATI in a research note on Friday, May 1st. Finally, KeyCorp raised their target price on ATI from $175.00 to $211.00 and gave the company an “overweight” rating in a report on Tuesday, June 30th. Two analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. According to MarketBeat, ATI has an average rating of “Buy” and a consensus price target of $205.12.

Key ATI News

Here are the key news stories impacting ATI this week:

• Positive Sentiment: Quarterly results exceeded expectations: ATI reported adjusted EPS of $1.23 versus the $1.03 consensus estimate, while revenue rose 11% year over year to $1.26 billion. GAAP EPS increased 56% to $1.09, and net income rose 50% to $151 million. ATI Announces Second Quarter 2026 Results
• Positive Sentiment: Profitability is expanding: Adjusted EBITDA climbed 37% to $284 million, with the margin expanding to 22.6% from 18.2% a year earlier. Aerospace and defense sales increased 13%, supporting demand for ATI’s advanced materials. ATI Q2 Earnings Call Highlights
• Positive Sentiment: Raised outlook and strong backlog: ATI increased its full-year 2026 adjusted EPS guidance to $4.90-$5.18 from $4.20-$4.48 and forecast third-quarter EPS of $1.31-$1.37, above the $1.12 consensus. Management also cited a record $4.4 billion backlog and stronger second-half growth as its HPMC business ramps. ATI Raises 2026 Outlook
• Positive Sentiment: Analysts raised price targets: Susquehanna lifted its target to $265 and assigned a positive rating, while BTIG raised its target to $270 and upgraded ATI to Buy. The revisions reinforce optimism about sustained aerospace, defense and margin growth.
• Neutral Sentiment: ATI is trading near its 52-week high and at a comparatively elevated valuation, with a reported P/E ratio above 75, which may increase sensitivity to any earnings or guidance disappointment.
• Negative Sentiment: Insider-trading data shows 26 open-market sales and no purchases during the past six months, including sales by senior executives. This may temper sentiment, although the transactions have not offset the positive earnings reaction.

Insider Activity at ATI

In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of ATI stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the transaction, the chief executive officer owned 218,014 shares of the company’s stock, valued at $39,039,766.98. This trade represents a 21.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 192,199 shares of company stock worth $34,601,100. 0.98% of the stock is owned by company insiders.

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.