Paradigm Capital Management Inc. NY Invests $3.55 Million in ATI Inc. $ATI

Key Points

• Paradigm Capital Management acquired 18,000 ATI shares during the second quarter, worth approximately $3.55 million. Other institutional investors, including Goldman Sachs and Royal Bank of Canada, also increased their positions.
• ATI reported quarterly earnings of $1.23 per share, exceeding the $1.03 consensus estimate, while revenue rose 10.6% year over year to $1.26 billion. The company issued third-quarter 2026 EPS guidance of $1.31–$1.37.
• Analysts maintain a favorable outlook, with ATI carrying a consensus “Buy” rating and an average price target of $232.00; recent targets range as high as $275.00. Meanwhile, insiders sold roughly $34.0 million of stock over the past 90 days.

Paradigm Capital Management Inc. NY bought a new position in ATI Inc. (NYSE:ATI - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 18,000 shares of the basic materials company's stock, valued at approximately $3,548,000.

Other hedge funds have also bought and sold shares of the company. Royal Bank of Canada raised its holdings 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 worth $3,140,000 after buying an additional 4,542 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of ATI by 49.4% during the first quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company's stock valued at $32,984,000 after buying an additional 209,480 shares during the last quarter. Cetera Investment Advisers acquired a new position in shares of ATI during the second quarter valued at about $324,000. M&T Bank Corp bought a new stake in shares of ATI during the second quarter worth about $317,000. Finally, First Trust Advisors LP increased its position in shares of ATI by 4.9% during the second 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 in the last quarter.

ATI Trading Up 1.4%

NYSE:ATI opened at $209.95 on Tuesday. ATI Inc. has a 52 week low of $73.00 and a 52 week high of $243.57. The firm has a 50-day moving average price of $200.48 and a two-hundred day moving average price of $172.42. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.14 and a current ratio of 2.33. The firm has a market cap of $28.59 billion, a price-to-earnings ratio of 61.57, a price-to-earnings-growth ratio of 1.25 and a beta of 0.98.

ATI (NYSE:ATI - Get Free Report) last announced its earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.03 by $0.20. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. ATI had a return on equity of 29.27% and a net margin of 10.09%.The company's revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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, equities analysts expect that ATI Inc. will post 5.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ATI has been the topic of several recent research reports. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $275.00 price target on shares of ATI in a research report on Monday, August 10th. Weiss Ratings raised ATI from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $262.00 price objective on shares of ATI in a research note on Monday, August 10th. Wall Street Zen upgraded ATI from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Finally, KeyCorp lifted 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 research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to data from MarketBeat.com, ATI currently has a consensus rating of "Buy" and a consensus target price of $232.00.

Insiders Place Their Bets

In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of the business's stock in a transaction 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 of the company's stock, valued at approximately $39,039,766.98. The trade was a 21.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 177,044 shares of company stock valued at $33,976,616 over the last 90 days. 0.98% of the stock is currently owned by insiders.

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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