ATI (NYSE:ATI) Sets New 1-Year High – What’s Next?

ATI Inc. (NYSE:ATI)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $171.41 and last traded at $169.0240, with a volume of 377759 shares traded. The stock had previously closed at $168.76.

Analyst Ratings Changes

A number of equities research analysts have commented on ATI shares. Wells Fargo & Company started coverage on shares of ATI in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 target price for the company. Wall Street Zen downgraded shares of ATI from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $194.00 target price on shares of ATI in a research report on Friday, May 1st. JPMorgan Chase & Co. boosted their price objective on shares of ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, KeyCorp boosted their price objective on shares of ATI from $167.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $164.38.

ATI Stock Performance

The business’s 50-day moving average price is $154.23 and its 200-day moving average price is $133.88. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.17 and a current ratio of 2.67. The stock has a market cap of $23.21 billion, a P/E ratio of 56.27, a P/E/G ratio of 1.40 and a beta of 0.94.

ATI (NYSE:ATI) last released its earnings results on Thursday, April 30th. The basic materials company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.12. ATI had a net margin of 9.26% and a return on equity of 26.44%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the previous year, the company earned $0.72 EPS. ATI’s revenue for the quarter was up .6% on a year-over-year basis. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. As a group, sell-side analysts expect that ATI Inc. will post 4.43 earnings per share for the current fiscal year.

ATI announced that its Board of Directors has approved a stock repurchase program on Thursday, February 19th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the basic materials company to reacquire up to 2.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at ATI

In other ATI news, CEO Kimberly A. Fields sold 40,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $159.21, for a total value of $6,368,400.00. Following the sale, the chief executive officer owned 277,763 shares in the company, valued at $44,222,647.23. The trade was a 12.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David J. Morehouse sold 6,609 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $154.25, for a total transaction of $1,019,438.25. Following the completion of the sale, the director owned 38,168 shares in the company, valued at approximately $5,887,414. The trade was a 14.76% decrease in their position. The SEC filing for this sale provides additional information. 0.98% of the stock is owned by insiders.

Institutional Trading of ATI

Several hedge funds have recently bought and sold shares of the stock. Capital International Investors lifted its stake in ATI by 2.6% in the 3rd quarter. Capital International Investors now owns 17,147,559 shares of the basic materials company’s stock worth $1,394,349,000 after purchasing an additional 436,131 shares in the last quarter. Capital World Investors lifted its stake in ATI by 15.8% in the 3rd quarter. Capital World Investors now owns 7,900,572 shares of the basic materials company’s stock worth $642,633,000 after purchasing an additional 1,080,201 shares in the last quarter. State Street Corp lifted its stake in ATI by 7.4% in the 3rd quarter. State Street Corp now owns 6,042,244 shares of the basic materials company’s stock worth $491,476,000 after purchasing an additional 415,479 shares in the last quarter. Capital Research Global Investors lifted its stake in ATI by 12.0% in the 4th quarter. Capital Research Global Investors now owns 3,611,724 shares of the basic materials company’s stock worth $414,481,000 after purchasing an additional 386,754 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of ATI by 7.4% during the 4th quarter. Invesco Ltd. now owns 3,384,924 shares of the basic materials company’s stock valued at $388,454,000 after buying an additional 233,010 shares in the last quarter.

About ATI

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.