Legal & General Group Plc Purchases Shares of 199,420 ATI Inc. $ATI

Key Points

• Legal & General Group acquired 199,420 ATI shares in the second quarter, worth approximately $39.3 million, giving it a 0.15% stake. Several other institutional investors also initiated or increased positions.
• ATI exceeded quarterly expectations, reporting $1.23 in EPS versus the $1.03 consensus and $1.26 billion in revenue, up 10.6% year over year. The company issued third-quarter EPS guidance of $1.31–$1.37 and full-year guidance of $4.90–$5.18.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $232. However, insiders sold 177,044 shares worth nearly $34 million during the last quarter, including a sizable sale by CEO Kimberly A. Fields.

Legal & General Group Plc acquired a new stake in shares of ATI Inc. (NYSE:ATI - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 199,420 shares of the basic materials company's stock, valued at approximately $39,306,000. Legal & General Group Plc owned about 0.15% of ATI as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. CoreCap Advisors LLC acquired a new stake in ATI during the second quarter worth about $30,000. Signature Equity Partners LLC lifted its holdings in ATI by 208.5% in the first quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 123 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in ATI in the 2nd quarter worth approximately $73,000. Meeder Asset Management Inc. purchased a new stake in ATI in the 2nd quarter worth approximately $77,000. Finally, Summit Securities Group LLC acquired a new stake in shares of ATI during the 1st quarter worth approximately $60,000.

Insider Buying and Selling at ATI

In other news, CEO Kimberly A. Fields sold 59,749 shares of the firm's stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total value of $10,699,253.43. Following the transaction, the chief executive officer owned 218,014 shares in the company, valued at $39,039,766.98. This trade represents a 21.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 177,044 shares of company stock valued at $33,976,616 in the last quarter. Company insiders own 0.98% of the company's stock.

ATI Stock Down 2.0%

Shares of NYSE ATI opened at $210.29 on Friday. The firm has a market cap of $28.64 billion, a price-to-earnings ratio of 61.67, a price-to-earnings-growth ratio of 1.29 and a beta of 0.98. The company's 50-day simple moving average is $201.64 and its 200-day simple moving average is $174.45. The company has a quick ratio of 1.14, a current ratio of 2.33 and a debt-to-equity ratio of 0.91. ATI Inc. has a 52-week low of $74.45 and a 52-week high of $243.57.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.03 by $0.20. ATI had a net margin of 10.09% and a return on equity of 29.27%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the company posted $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. Equities analysts predict that ATI Inc. will post 5.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. BTIG Research boosted their target price on shares of ATI from $180.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Weiss Ratings upgraded shares of ATI from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, July 9th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $275.00 price objective on shares of ATI in a report on Monday, August 10th. TD Cowen increased their target price on shares of ATI from $170.00 to $210.00 and gave the stock a "buy" rating in a research note on Monday, July 13th. Finally, KeyCorp raised their target price on ATI from $211.00 to $258.00 and gave the company an "overweight" rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company's stock. According to MarketBeat.com, ATI has an average rating of "Buy" and a consensus price target of $232.00.

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.

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