Barrow Hanley Mewhinney & Strauss LLC Buys New Position in ATI Inc. $ATI

Key Points

• Barrow Hanley Mewhinney & Strauss LLC acquired 658,413 ATI shares worth approximately $129.8 million, representing about 0.48% of the company. Several other institutional investors also increased or initiated positions.
• ATI CEO Kimberly A. Fields sold 59,749 shares for roughly $10.7 million, while insiders sold approximately $34.0 million of stock over the past three months.
• ATI surpassed quarterly expectations with $1.23 in EPS and $1.26 billion in revenue, up 10.6% year over year. Analysts maintain a generally bullish view, with the stock carrying an average “Buy” rating and a $232 price target.

Barrow Hanley Mewhinney & Strauss LLC acquired a new position in ATI Inc. (NYSE:ATI - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 658,413 shares of the basic materials company's stock, valued at approximately $129,773,000. Barrow Hanley Mewhinney & Strauss LLC owned about 0.48% of ATI at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Royal Bank of Canada raised 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 valued at $3,140,000 after buying an additional 4,542 shares during the period. Goldman Sachs Group Inc. boosted its holdings in ATI by 49.4% in the first 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. Cetera Investment Advisers bought a new position in shares of ATI in the 2nd quarter valued at approximately $324,000. M&T Bank Corp bought a new position in shares of ATI in the second quarter valued at approximately $317,000. Finally, First Trust Advisors LP lifted its position 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 worth $17,028,000 after acquiring an additional 9,234 shares during the last quarter.

Insider Buying and Selling at ATI

In other news, CEO Kimberly A. Fields sold 59,749 shares of ATI stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total value of $10,699,253.43. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 177,044 shares of company stock valued at $33,976,616 over the last three months. 0.98% of the stock is currently owned by company insiders.

ATI Stock Down 0.1%

ATI stock opened at $206.84 on Monday. ATI Inc. has a fifty-two week low of $71.94 and a fifty-two week high of $243.57. The firm has a market capitalization of $28.17 billion, a price-to-earnings 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 current ratio of 2.33 and a quick ratio of 1.14. The company's 50 day simple moving average is $200.19 and its 200 day simple moving average is $171.84.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) 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 business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the firm earned $0.74 EPS. ATI's quarterly revenue 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. As a group, sell-side analysts anticipate that ATI Inc. will post 5.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ATI shares. TD Cowen increased their price objective on ATI from $170.00 to $210.00 and gave the company a "buy" rating in a research report on Monday, July 13th. Wells Fargo & Company reissued an "overweight" rating and issued a $275.00 target price on shares of ATI in a report on Monday, August 10th. Weiss Ratings upgraded shares of ATI from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, July 9th. Wall Street Zen upgraded ATI from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Finally, KeyCorp raised their price target on shares of ATI from $211.00 to $258.00 and gave the company an "overweight" rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. Based on data from MarketBeat.com, ATI currently has an average rating of "Buy" and an average target price of $232.00.

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.

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