ATI (NYSE:ATI) Reaches New 1-Year High – Time to Buy?

ATI Inc. (NYSE:ATI) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $123.96 and last traded at $122.50, with a volume of 168811 shares trading hands. The stock had previously closed at $120.84.

Analyst Upgrades and Downgrades

ATI has been the topic of a number of recent research reports. BTIG Research reiterated a “buy” rating and set a $120.00 price target on shares of ATI in a report on Wednesday, October 29th. Susquehanna raised their target price on ATI from $100.00 to $120.00 and gave the stock a “positive” rating in a research report on Wednesday, October 29th. KeyCorp upgraded ATI from a “sector weight” rating to an “overweight” rating and set a $120.00 price target on the stock in a research report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on ATI in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lifted their price objective on ATI from $118.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, December 19th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.14.

ATI Price Performance

The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.18 and a current ratio of 2.50. The business has a 50 day moving average price of $105.12 and a 200-day moving average price of $90.29. The company has a market capitalization of $16.44 billion, a price-to-earnings ratio of 39.15, a P/E/G ratio of 1.24 and a beta of 1.02.

ATI (NYSE:ATI) last released its earnings results on Tuesday, October 28th. The basic materials company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.75 by $0.10. ATI had a return on equity of 23.34% and a net margin of 9.71%.The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter last year, the firm posted $0.60 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. ATI has set its FY 2025 guidance at 3.150-3.21 EPS and its Q4 2025 guidance at 0.840-0.90 EPS. Research analysts predict that ATI Inc. will post 2.89 EPS for the current fiscal year.

Insider Activity at ATI

In related news, CEO Kimberly A. Fields sold 21,153 shares of the stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $85.87, for a total transaction of $1,816,408.11. Following the transaction, the chief executive officer directly owned 202,668 shares of the company’s stock, valued at $17,403,101.16. This represents a 9.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Robert S. Wetherbee sold 60,000 shares of ATI stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $98.34, for a total transaction of $5,900,400.00. Following the completion of the sale, the chairman directly owned 246,538 shares of the company’s stock, valued at approximately $24,244,546.92. This trade represents a 19.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 179,783 shares of company stock worth $17,961,263 over the last quarter. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ATI. MassMutual Private Wealth & Trust FSB grew its position in ATI by 79.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 386 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 171 shares during the period. Signaturefd LLC raised its holdings in ATI by 117.7% during the second quarter. Signaturefd LLC now owns 381 shares of the basic materials company’s stock worth $33,000 after buying an additional 206 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in shares of ATI by 2,010.0% in the third quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock valued at $34,000 after buying an additional 402 shares in the last quarter. Prestige Wealth Management Group LLC acquired a new position in shares of ATI during the third quarter valued at about $34,000. Finally, Allworth Financial LP increased its position in shares of ATI by 50.8% during the third quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 180 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.