First Financial Bankshares Inc Makes New $1.59 Million Investment in ATI Inc. $ATI

First Financial Bankshares Inc bought a new stake in ATI Inc. (NYSE:ATI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,534 shares of the basic materials company’s stock, valued at approximately $1,589,000.

Several other large investors also recently modified their holdings of ATI. Royal Bank of Canada lifted its holdings in shares of ATI by 8.1% during the 1st quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock valued at $3,140,000 after purchasing an additional 4,542 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in ATI by 49.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock worth $32,984,000 after purchasing an additional 209,480 shares in the last quarter. AlphaQuest LLC raised its holdings in ATI by 3.0% during the 2nd quarter. AlphaQuest LLC now owns 5,772 shares of the basic materials company’s stock worth $498,000 after buying an additional 170 shares during the period. Bessemer Group Inc. lifted its stake in ATI by 173.9% in the second quarter. Bessemer Group Inc. now owns 1,813 shares of the basic materials company’s stock valued at $157,000 after buying an additional 1,151 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in shares of ATI by 33.7% in the second quarter. Teacher Retirement System of Texas now owns 31,931 shares of the basic materials company’s stock valued at $2,757,000 after buying an additional 8,041 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. BTIG Research raised 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. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $150.00 target price on shares of ATI in a research note on Wednesday, February 4th. Zacks Research raised ATI from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. KeyCorp boosted their price target on ATI from $120.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Finally, JPMorgan Chase & Co. upped their price objective on ATI from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $133.00.

ATI Stock Performance

ATI opened at $159.12 on Tuesday. The business’s 50-day simple moving average is $126.00 and its 200 day simple moving average is $100.66. ATI Inc. has a 52-week low of $39.23 and a 52-week high of $159.83. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.27 and a current ratio of 2.66. The firm has a market capitalization of $21.62 billion, a PE ratio of 56.03, a PEG ratio of 1.60 and a beta of 1.02.

ATI (NYSE:ATI) last posted its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. ATI had a return on equity of 24.26% and a net margin of 8.81%.The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the company earned $0.79 earnings per share. The business’s revenue was up .4% compared to the same quarter last year. ATI has set its FY 2026 guidance at 3.990-4.270 EPS and its Q1 2026 guidance at 0.830-0.890 EPS. As a group, sell-side analysts expect that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

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

Insiders Place Their Bets

In related news, Chairman Robert S. Wetherbee sold 53,862 shares of the business’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $109.48, for a total transaction of $5,896,811.76. Following the transaction, the chairman directly owned 132,676 shares in the company, valued at approximately $14,525,368.48. The trade was a 28.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

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.