ATI (NYSE:ATI) VP Timothy Harris Sells 16,500 Shares of Stock

ATI Inc. (NYSE:ATI) VP Timothy Harris sold 16,500 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $210.01, for a total transaction of $3,465,165.00. Following the transaction, the vice president owned 130,187 shares in the company, valued at $27,340,571.87. The trade was a 11.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

ATI Trading Up 0.2%

NYSE:ATI opened at $201.26 on Thursday. ATI Inc. has a 12 month low of $74.45 and a 12 month high of $243.57. The firm has a fifty day simple moving average of $201.75 and a 200-day simple moving average of $176.07. The company has a current ratio of 2.33, a quick ratio of 1.14 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $27.41 billion, a P/E ratio of 59.02, a PEG ratio of 1.22 and a beta of 1.01.

ATI (NYSE:ATI) last released its earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.20. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. ATI had a return on equity of 29.27% and a net margin of 10.09%.The firm’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 EPS. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. On average, equities research analysts anticipate that ATI Inc. will post 5.12 earnings per share for the current year.

Analyst Ratings Changes

ATI has been the subject of a number of research reports. Susquehanna lifted their target price on ATI from $215.00 to $265.00 and gave the stock a “positive” rating in a report on Friday, August 7th. Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Wall Street Zen upgraded shares of ATI from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings raised shares of ATI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. Finally, BTIG Research increased 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, August 7th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to MarketBeat.com, ATI currently has an average rating of “Buy” and a consensus price target of $232.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of Nova Scotia grew its holdings in ATI by 92.9% in the first quarter. Bank of Nova Scotia now owns 467,149 shares of the basic materials company’s stock valued at $67,951,000 after purchasing an additional 224,949 shares during the period. Precision Wealth Strategies LLC purchased a new position in shares of ATI during the 1st quarter valued at approximately $1,009,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of ATI during the 2nd quarter valued at approximately $129,773,000. Northwestern Mutual Wealth Management Co. grew its stake in ATI by 456.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 129,617 shares of the basic materials company’s stock valued at $14,875,000 after acquiring an additional 106,343 shares during the period. Finally, Illinois Municipal Retirement Fund acquired a new stake in ATI in the 1st quarter valued at $1,106,000.

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.