ATI (NYSE:ATI) Reaches New 1-Year High – Should You Buy?

Shares of ATI Inc. (NYSE:ATI) hit a new 52-week high during trading on Thursday . The stock traded as high as $171.11 and last traded at $162.2650, with a volume of 180524 shares traded. The stock had previously closed at $165.08.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ATI. Alembic Global Advisors began coverage on shares of ATI in a research report on Thursday, January 15th. They issued an “overweight” rating and a $141.00 price objective on the stock. Wall Street Zen raised shares of ATI from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. BTIG Research lifted their price objective on shares of ATI from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Susquehanna lifted their price objective on shares of ATI from $155.00 to $185.00 and gave the stock a “positive” rating in a research report on Friday, April 10th. Finally, KeyCorp lifted their price objective on shares of ATI from $167.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $164.38.

ATI Price Performance

The stock has a market cap of $22.38 billion, a PE ratio of 54.27, a P/E/G ratio of 1.34 and a beta of 0.94. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.67 and a quick ratio of 1.17. The firm’s 50 day moving average price is $153.54 and its two-hundred day moving average price is $127.25.

ATI (NYSE:ATI) last posted its earnings results on Thursday, April 30th. The basic materials company reported $1.00 earnings per share 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 the consensus estimate of $1.19 billion. ATI had a net margin of 9.26% and a return on equity of 26.44%. The company’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the company earned $0.72 earnings per share. 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, research analysts expect that ATI Inc. will post 4.43 earnings per share for the current year.

ATI declared that its board has authorized a stock repurchase program on Thursday, February 19th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the basic materials company to buy up to 2.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at ATI

In other news, Director David J. Morehouse sold 6,609 shares of ATI stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $154.25, for a total value of $1,019,438.25. Following the completion of the transaction, the director owned 38,168 shares in the company, valued at $5,887,414. This trade represents a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.98% of the stock is owned by insiders.

Hedge Funds Weigh In On ATI

Several hedge funds have recently bought and sold shares of the company. Lido Advisors LLC grew its stake in ATI by 2.7% during the third quarter. Lido Advisors LLC now owns 3,784 shares of the basic materials company’s stock valued at $308,000 after acquiring an additional 101 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in ATI by 2.4% during the third quarter. Sequoia Financial Advisors LLC now owns 4,424 shares of the basic materials company’s stock valued at $360,000 after acquiring an additional 102 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in ATI by 12.1% during the third quarter. Smartleaf Asset Management LLC now owns 1,090 shares of the basic materials company’s stock valued at $86,000 after acquiring an additional 118 shares in the last quarter. Activest Wealth Management grew its stake in ATI by 17.6% during the fourth quarter. Activest Wealth Management now owns 834 shares of the basic materials company’s stock valued at $96,000 after acquiring an additional 125 shares in the last quarter. Finally, D.A. Davidson & CO. grew its stake in ATI by 2.0% during the fourth quarter. D.A. Davidson & CO. now owns 7,202 shares of the basic materials company’s stock valued at $827,000 after acquiring an additional 140 shares in 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.