ATI (NYSE:ATI) Reaches New 1-Year High – Still a Buy?

ATI Inc. (NYSE:ATI)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $189.70 and last traded at $187.8520, with a volume of 152197 shares changing hands. The stock had previously closed at $180.14.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $194.00 price target on shares of ATI in a report on Friday, May 1st. Wells Fargo & Company assumed coverage on ATI in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 target price for the company. Susquehanna increased their target price on ATI from $155.00 to $185.00 and gave the stock a “positive” rating in a research report on Friday, April 10th. Zacks Research lowered ATI from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, BTIG Research increased their target price on ATI from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $164.38.

ATI Price Performance

The stock has a market cap of $24.93 billion, a P/E ratio of 60.66, a price-to-earnings-growth ratio of 1.53 and a beta of 0.96. The firm has a 50-day moving average price of $159.59 and a 200-day moving average price of $138.86. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.17 and a current ratio of 2.67.

ATI (NYSE:ATI) last announced its earnings results on Thursday, April 30th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.12. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.19 billion. ATI had a return on equity of 26.44% and a net margin of 9.26%.The business’s revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company 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. On average, analysts forecast that ATI Inc. will post 4.43 earnings per share for the current fiscal year.

ATI announced that its board has authorized 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 a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at ATI

In related news, CEO Kimberly A. Fields sold 59,749 shares of the company’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 sale, the chief executive officer owned 218,014 shares in the company, valued at $39,039,766.98. This represents a 21.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.98% of the stock is owned by insiders.

Institutional Trading of ATI

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. DV Trading LLC grew its stake in shares of ATI by 100.0% in the 1st quarter. DV Trading LLC now owns 1,600 shares of the basic materials company’s stock worth $233,000 after buying an additional 800 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of ATI by 3,869.0% in the 1st quarter. NewEdge Advisors LLC now owns 3,969 shares of the basic materials company’s stock worth $577,000 after buying an additional 3,869 shares during the last quarter. Optiver Holding B.V. purchased a new stake in shares of ATI in the 1st quarter worth approximately $178,000. Bank of America Corp DE grew its stake in shares of ATI by 70.8% in the 1st quarter. Bank of America Corp DE now owns 1,364,941 shares of the basic materials company’s stock worth $198,544,000 after buying an additional 565,867 shares during the last quarter. Finally, Edgestream Partners L.P. grew its stake in shares of ATI by 17.2% in the 1st quarter. Edgestream Partners L.P. now owns 9,517 shares of the basic materials company’s stock worth $1,384,000 after buying an additional 1,399 shares during the last quarter.

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.