Hennion & Walsh Asset Management Inc. Has $7.26 Million Stake in ATI Inc. $ATI

Hennion & Walsh Asset Management Inc. raised its stake in ATI Inc. (NYSE:ATI) by 18.0% in the second quarter, Holdings Channel reports. The fund owned 36,829 shares of the basic materials company’s stock after purchasing an additional 5,617 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in ATI were worth $7,259,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Signature Equity Partners LLC grew its holdings in shares of ATI by 208.5% during the 1st quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 123 shares during the last quarter. CoreCap Advisors LLC acquired a new position in ATI during the 2nd quarter worth approximately $30,000. Torren Management LLC bought a new position in ATI in the 4th quarter valued at approximately $52,000. Summit Securities Group LLC bought a new position in ATI in the 1st quarter valued at approximately $60,000. Finally, Hollencrest Capital Management lifted its stake in ATI by 283.1% in the 1st quarter. Hollencrest Capital Management now owns 452 shares of the basic materials company’s stock valued at $66,000 after purchasing an additional 334 shares during the last quarter.

Analyst Ratings Changes

A number of research firms have weighed in on ATI. JPMorgan Chase & Co. boosted their target price on shares of ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. KeyCorp increased their price target on ATI from $175.00 to $211.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. Zacks Research raised ATI from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Weiss Ratings upgraded ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Finally, TD Cowen upped their target price on ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. Based on data from MarketBeat, ATI currently has an average rating of “Buy” and a consensus price target of $205.12.

Key Headlines Impacting ATI

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.

ATI Stock Up 2.1%

Shares of ATI opened at $228.15 on Friday. The stock’s 50-day moving average price is $192.40 and its two-hundred day moving average price is $164.47. ATI Inc. has a 12 month low of $70.42 and a 12 month high of $236.98. The company has a market capitalization of $31.14 billion, a PE ratio of 66.91, a PEG ratio of 1.62 and a beta of 0.98. The company has a current ratio of 2.33, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91.

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

Insiders Place Their Bets

In other ATI news, CEO Kimberly A. Fields sold 31,757 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $190.99, for a total transaction of $6,065,269.43. Following the completion of the sale, the chief executive officer owned 125,564 shares of the company’s stock, valued at approximately $23,981,468.36. This represents a 20.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 192,199 shares of company stock worth $34,601,100. Corporate insiders own 0.98% of the company’s stock.

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.