ATI (NYSE:ATI) Hits New 1-Year High – Here’s Why

Shares of ATI Inc. (NYSE:ATI) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $206.35 and last traded at $205.62, with a volume of 104027 shares trading hands. The stock had previously closed at $200.15.

More ATI News

Here are the key news stories impacting ATI this week:

• Positive Sentiment: Quarterly results exceeded expectations. ATI reported second-quarter adjusted EPS of $1.23, above the $1.03 consensus estimate and up from $0.74 a year earlier. Revenue rose 11% to $1.26 billion, ahead of the $1.22 billion expected. GAAP EPS increased 56% year over year to $1.09, while net income rose 50% to $151 million. ATI Announces Second Quarter 2026 Results
• Positive Sentiment: Profitability improved significantly. Adjusted EBITDA climbed 37% to $284 million, and the margin expanded to 22.6% from 18.2%. Management said aerospace and defense sales increased 13%, while backlog reached $4.4 billion, up 18%, supporting expectations for continued demand. ATI Q2 2026 Sales Rise 11% to $1.26 Billion
• Positive Sentiment: Full-year guidance was raised substantially. ATI now expects 2026 adjusted EBITDA of $1.135 billion-$1.185 billion, adjusted EPS of $4.90-$5.18 and adjusted free cash flow of approximately $575 million at the midpoint. The prior EPS range was $4.20-$4.48, and the new outlook is above consensus. Third-quarter adjusted EPS guidance of $1.31-$1.37 also exceeds the $1.12 analyst estimate. ATI Targets 2026 EBITDA and Free Cash Flow
• Neutral Sentiment: Valuation and momentum may increase volatility. ATI is trading near its 52-week high and above its 50-day and 200-day moving averages, but its reported price-to-earnings ratio is elevated at about 74. The median analyst price target cited in recent coverage is $177.50, below the current trading level, although recent ratings remain positive.
• Negative Sentiment: Insider selling is a cautionary signal. Company insiders reported 26 open-market sales and no purchases over the past six months, including sales by CEO Kimberly A. Fields and Executive Chairman Robert S. Wetherbee. These transactions may reflect personal liquidity needs, but they could temper bullish sentiment.

Wall Street Analyst Weigh In

ATI has been the topic of a number of recent research reports. Weiss Ratings raised ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Susquehanna upped their price target on shares of ATI from $185.00 to $215.00 and gave the stock a “positive” rating in a research report on Thursday, July 9th. BTIG Research boosted their price objective on shares of ATI from $180.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday. Finally, JPMorgan Chase & Co. upped their price objective on ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $198.88.

ATI Stock Up 8.5%

The stock has a fifty day moving average price of $191.35 and a two-hundred day moving average price of $164.02. The company has a market cap of $30.37 billion, a price-to-earnings ratio of 73.70, a P/E/G ratio of 1.63 and a beta of 0.98. The company has a quick ratio of 1.17, a current ratio of 2.67 and a debt-to-equity ratio of 0.95.

ATI (NYSE:ATI) last released its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.03 by $0.20. ATI had a net margin of 9.26% and a return on equity of 26.44%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the company posted $0.74 earnings per share. ATI’s revenue was up 10.6% compared to the same quarter last year. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. As a group, sell-side analysts expect that ATI Inc. will post 4.49 EPS for the current year.

Insider Activity

In other news, CEO Kimberly A. Fields sold 59,749 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the transaction, the chief executive officer directly owned 218,014 shares of the company’s stock, valued at approximately $39,039,766.98. This trade represents a 21.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have sold 192,199 shares of company stock worth $34,601,100. Corporate insiders own 0.98% of the company’s stock.

Institutional Trading of ATI

Institutional investors have recently modified their holdings of the stock. Signature Equity Partners LLC lifted its position in ATI by 208.5% during the first quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 123 shares during the period. CoreCap Advisors LLC acquired a new stake in shares of ATI during the 2nd quarter worth approximately $30,000. Torren Management LLC bought a new position in ATI in the fourth quarter valued at approximately $52,000. Summit Securities Group LLC bought a new stake in ATI during the first quarter worth $60,000. Finally, Hollencrest Capital Management increased its stake in shares of ATI by 283.1% in the 1st quarter. Hollencrest Capital Management now owns 452 shares of the basic materials company’s stock valued at $66,000 after purchasing an additional 334 shares during 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.