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

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 $145.00 and last traded at $143.8310, with a volume of 75016 shares. The stock had previously closed at $143.93.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ATI shares. Susquehanna set a $155.00 price objective on ATI in a research note on Wednesday, February 4th. KeyCorp increased their price objective on shares of ATI from $120.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. JPMorgan Chase & Co. boosted their price target on ATI from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a research note on Monday, December 29th. Finally, Wall Street Zen downgraded ATI from a “buy” rating to a “hold” rating in a research report on Sunday. One research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $133.00.

ATI Stock Performance

The firm’s fifty day moving average is $121.32 and its 200-day moving average is $97.90. The company has a current ratio of 2.66, a quick ratio of 1.27 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $19.81 billion, a PE ratio of 51.34, a price-to-earnings-growth ratio of 1.45 and a beta of 1.02.

ATI (NYSE:ATI) last announced its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. ATI had a net margin of 8.81% and a return on equity of 24.26%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the business earned $0.79 earnings per share. The business’s revenue for the quarter was up .4% on a year-over-year basis. ATI has set its FY 2026 guidance at 3.990-4.270 EPS and its Q1 2026 guidance at 0.830-0.890 EPS. As a group, research analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current year.

Insider Activity at ATI

In other news, Chairman Robert S. Wetherbee sold 53,862 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $109.48, for a total value of $5,896,811.76. Following the completion of the transaction, the chairman owned 132,676 shares of the company’s stock, valued at approximately $14,525,368.48. This trade represents a 28.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Timothy J. Harris sold 10,542 shares of ATI stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $97.88, for a total transaction of $1,031,850.96. Following the completion of the transaction, the vice president owned 98,310 shares of the company’s stock, valued at $9,622,582.80. This trade represents a 9.68% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 67,002 shares of company stock worth $7,170,952. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ATI

Institutional investors have recently modified their holdings of the business. Candelo Capital Management LP raised its stake in shares of ATI by 4.1% in the fourth quarter. Candelo Capital Management LP now owns 63,396 shares of the basic materials company’s stock valued at $7,275,000 after acquiring an additional 2,500 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in ATI during the 4th quarter worth about $129,000. Captrust Financial Advisors acquired a new stake in ATI in the 4th quarter valued at about $869,000. &PARTNERS raised its position in ATI by 65.4% in the 4th quarter. &PARTNERS now owns 16,107 shares of the basic materials company’s stock valued at $1,848,000 after purchasing an additional 6,368 shares in the last quarter. Finally, ExodusPoint Capital Management LP purchased a new position in shares of ATI in the 4th quarter valued at about $2,024,000.

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.