Horizon Investments LLC Acquires New Shares in ATI Inc. $ATI

Key Points

• Horizon Investments LLC purchased a new stake of 55,514 shares of ATI during Q4, valued at approximately $6.37 million per the firm's latest 13F filing.
• ATI reported Q1 adjusted EPS of $1.00 (beat) while revenue of $1.15B slightly missed estimates, provided Q2 and FY‑2026 guidance, and authorized a $500 million share buyback (about 2.5% of shares outstanding).
• Institutional and analyst sentiment is bullish—several firms raised price targets (e.g., JPMorgan to $175, BTIG to $180, Deutsche Bank to $194) and MarketBeat's consensus is a Buy—though the stock carries a premium valuation (P/E ~51.4).

Horizon Investments LLC bought a new stake in ATI Inc. (NYSE:ATI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 55,514 shares of the basic materials company's stock, valued at approximately $6,371,000.

A number of other hedge funds have also modified their holdings of the business. True Wealth Design LLC raised its holdings in ATI by 642.9% in the 4th quarter. True Wealth Design LLC now owns 260 shares of the basic materials company's stock valued at $30,000 after buying an additional 225 shares during the period. Meeder Asset Management Inc. boosted its position in shares of ATI by 2,010.0% during the third quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company's stock worth $34,000 after buying an additional 402 shares during the period. Prestige Wealth Management Group LLC purchased a new stake in shares of ATI in the 3rd quarter valued at $34,000. Allworth Financial LP boosted its holdings in ATI by 50.8% during the 3rd quarter. Allworth Financial LP now owns 534 shares of the basic materials company's stock valued at $43,000 after acquiring an additional 180 shares during the period. Finally, Torren Management LLC acquired a new position in ATI in the 4th quarter valued at about $52,000.

ATI Stock Performance

Shares of ATI opened at $155.25 on Friday. The company has a market capitalization of $21.19 billion, a price-to-earnings ratio of 51.41, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. ATI Inc. has a 52-week low of $62.41 and a 52-week high of $168.14. The company has a quick ratio of 1.27, a current ratio of 2.67 and a debt-to-equity ratio of 0.95. The stock has a 50 day moving average price of $153.50 and a 200 day moving average price of $125.87.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.12. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.19 billion. ATI had a net margin of 9.26% and a return on equity of 26.44%. The company's revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 EPS. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. Research analysts predict that ATI Inc. will post 4.4 EPS for the current fiscal year.

ATI announced that its Board of Directors has authorized a share buyback plan on Thursday, February 19th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the basic materials company to buy up to 2.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Insider Transactions at ATI

In other ATI news, Director David J. Morehouse sold 6,609 shares of the company's stock in a transaction on Monday, March 9th. The shares were sold at an average price of $154.25, for a total value of $1,019,438.25. Following the completion of the transaction, the director owned 38,168 shares in the company, valued at $5,887,414. This represents a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.98% of the stock is owned by corporate insiders.

Trending Headlines about ATI

Here are the key news stories impacting ATI this week:

• Positive Sentiment: Analyst price-target raises — JPMorgan moved its target from $150 to $175 and kept an "overweight" rating, signaling confidence in ATI's outlook and creating upside for the stock. Benzinga
• Positive Sentiment: Another bullish upgrade — BTIG lifted its target from $165 to $180 and reiterated a "buy" rating, reinforcing buy-side momentum from institutional research. Benzinga The Fly
• Positive Sentiment: Q1 results and margin improvement — ATI reported adjusted EPS of $1.00 (beat) and highlighted margin expansion (adjusted EBITDA margin 20.1%, +310 bps YoY), stronger aerospace demand, and raised full‑year adjusted earnings/cash‑flow guidance. Management also provided an adjusted EBITDA outlook ($1.01B–$1.06B) and backlog of ~$4.1B, which support forward earnings visibility. PR Newswire MSN
• Neutral Sentiment: Call transcripts and market reaction coverage — Investors and analysts are parsing the earnings call and transcripts for color on aerospace demand, pricing, and cost flow; summaries and transcripts are available for deeper read. Seeking Alpha transcript Yahoo - investor reaction
• Negative Sentiment: Revenue slightly missed estimates — Sales of $1.15B came in below the $1.19B consensus, which tempers the beat and could limit upside if investors focus on top-line softness. MarketBeat
• Negative Sentiment: Valuation and expectations risk — ATI's premium multiple (e.g., elevated P/E) and guidance that’s roughly in line with consensus mean upside depends on continued margin improvements and execution; failure to sustain margins could pressure the stock. Zacks

Analyst Ratings Changes

Several analysts have recently issued reports on ATI shares. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $194.00 price target on shares of ATI in a research report on Friday. Susquehanna upped their price objective on ATI from $155.00 to $185.00 and gave the stock a "positive" rating in a research report on Friday, April 10th. Wall Street Zen raised ATI from a "hold" rating to a "buy" rating in a research note on Saturday. Alembic Global Advisors started coverage on ATI in a research report on Thursday, January 15th. They set an "overweight" rating and a $141.00 price objective for the company. Finally, BTIG Research increased their price objective on shares of ATI from $165.00 to $180.00 and gave the company a "buy" rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $163.38.

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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