David Morehouse Sells 2,485 Shares of ATI (NYSE:ATI) Stock

ATI Inc. (NYSE:ATI) Director David Morehouse sold 2,485 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $201.61, for a total value of $501,000.85. Following the sale, the director directly owned 35,826 shares in the company, valued at $7,222,879.86. This trade represents a 6.49% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

ATI Stock Up 2.9%

Shares of NYSE ATI opened at $210.52 on Friday. The company has a quick ratio of 1.14, a current ratio of 2.33 and a debt-to-equity ratio of 0.91. The company has a market cap of $28.67 billion, a P/E ratio of 61.74, a P/E/G ratio of 1.28 and a beta of 1.01. ATI Inc. has a 52 week low of $74.45 and a 52 week high of $243.57. The business has a 50-day simple moving average of $202.12 and a two-hundred day simple moving average of $176.74.

ATI (NYSE:ATI) last announced its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.20. ATI had a return on equity of 29.27% and a net margin of 10.09%.The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the business posted $0.74 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. Research analysts anticipate that ATI Inc. will post 5.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ATI

A number of institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada lifted its holdings in shares of ATI by 8.1% during the 1st quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock worth $3,140,000 after acquiring an additional 4,542 shares during the last quarter. Goldman Sachs Group Inc. raised its position in 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 purchasing an additional 209,480 shares in the last quarter. Cetera Investment Advisers purchased a new stake in ATI during the second quarter valued at about $324,000. M&T Bank Corp bought a new stake in ATI during the second quarter worth about $317,000. Finally, First Trust Advisors LP boosted its holdings in shares of ATI by 4.9% in the 2nd quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company’s stock worth $17,028,000 after purchasing an additional 9,234 shares in the last quarter.

Wall Street Analysts Forecast Growth

ATI has been the topic of several recent analyst reports. KeyCorp increased their target price on shares of ATI from $211.00 to $258.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. TD Cowen upped their price target on shares of ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Wall Street Zen upgraded ATI from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. BTIG Research lifted their price objective on ATI from $180.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Weiss Ratings raised ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to data from MarketBeat.com, ATI presently has an average rating of “Buy” and a consensus target price 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.