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

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

Analysts Set New Price Targets

Several analysts recently issued reports on ATI shares. Wells Fargo & Company started coverage on ATI in a report on Wednesday, April 1st. They set an “overweight” rating and a $175.00 price objective for the company. Wall Street Zen lowered ATI from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. JPMorgan Chase & Co. increased their price objective on ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Zacks Research lowered ATI from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, KeyCorp increased their price objective on ATI from $167.00 to $175.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $164.38.

ATI Trading Down 1.9%

The company has a fifty day simple moving average of $161.48 and a two-hundred day simple moving average of $140.11. 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 company has a market capitalization of $25.06 billion, a P/E ratio of 60.79, a price-to-earnings-growth ratio of 1.61 and a beta of 0.96.

ATI (NYSE:ATI) last issued its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.12. The business had revenue of $1.15 billion for 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 firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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 declared that its Board of Directors has approved a share buyback plan on Thursday, February 19th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the basic materials company to buy up to 2.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Insider Activity at ATI

In other news, CEO Kimberly A. Fields sold 59,749 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the transaction, the chief executive officer owned 218,014 shares of the company’s stock, valued at approximately $39,039,766.98. This represents a 21.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.98% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ATI. Meeder Asset Management Inc. grew its stake in ATI by 2.8% in the 1st quarter. Meeder Asset Management Inc. now owns 2,754 shares of the basic materials company’s stock valued at $401,000 after buying an additional 74 shares during the last quarter. Lido Advisors LLC lifted its position in ATI by 2.7% during the 3rd quarter. Lido Advisors LLC now owns 3,784 shares of the basic materials company’s stock worth $308,000 after acquiring an additional 101 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in ATI by 12.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,090 shares of the basic materials company’s stock worth $86,000 after acquiring an additional 118 shares during the last quarter. Signature Equity Partners LLC lifted its position in ATI by 208.5% during the 1st quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 123 shares during the last quarter. Finally, Activest Wealth Management increased its stake in shares of ATI by 17.6% in the fourth quarter. Activest Wealth Management now owns 834 shares of the basic materials company’s stock worth $96,000 after purchasing an additional 125 shares during the period.

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.