Northwestern Mutual Wealth Management Co. Buys New Holdings in ATI Inc. $ATI

Northwestern Mutual Wealth Management Co. purchased a new stake in shares of ATI Inc. (NYSE:ATI) in the second quarter, HoldingsChannel.com reports. The firm purchased 78,629 shares of the basic materials company’s stock, valued at approximately $15,498,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ATI. Signature Equity Partners LLC raised its holdings in shares of ATI by 208.5% in the 1st quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 123 shares during the period. CoreCap Advisors LLC acquired a new position in shares of ATI in the 2nd quarter valued at about $30,000. Torren Management LLC purchased a new stake in shares of ATI during the 4th quarter worth about $52,000. Summit Securities Group LLC purchased a new stake in shares of ATI during the 1st quarter worth about $60,000. Finally, Hollencrest Capital Management increased its position in ATI by 283.1% during the 1st quarter. Hollencrest Capital Management now owns 452 shares of the basic materials company’s stock worth $66,000 after purchasing an additional 334 shares in the last quarter.

Insider Activity

In other news, CEO Kimberly A. Fields sold 24,845 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $231.19, for a total transaction of $5,743,915.55. Following the transaction, the chief executive officer directly owned 100,719 shares of the company’s stock, valued at approximately $23,285,225.61. The trade was a 19.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 177,044 shares of company stock worth $33,976,616 in the last 90 days. Company insiders own 0.98% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. TD Cowen raised their price target on shares of ATI from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 13th. Wall Street Zen upgraded shares of ATI from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Wells Fargo & Company reissued an “overweight” rating and issued a $275.00 price objective on shares of ATI in a research report on Monday, August 10th. KeyCorp raised their target price on shares of ATI from $211.00 to $258.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Finally, Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to MarketBeat.com, ATI presently has a consensus rating of “Buy” and an average target price of $232.00.

ATI Stock Performance

Shares of NYSE:ATI opened at $206.84 on Friday. The company has a market cap of $28.17 billion, a P/E ratio of 60.66, a PEG ratio of 1.25 and a beta of 0.98. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.14 and a current ratio of 2.33. ATI Inc. has a one year low of $71.94 and a one year high of $243.57. The business’s 50-day simple moving average is $200.19 and its 200 day simple moving average is $171.49.

ATI (NYSE:ATI) last released its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.03 by $0.20. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. ATI had a return on equity of 29.27% and a net margin of 10.09%.ATI’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 EPS. 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, sell-side analysts forecast that ATI Inc. will post 5.15 earnings per share for the current fiscal year.

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.