ATI (NYSE:ATI) Sets New 52-Week High – Still a Buy?

ATI Inc. (NYSE:ATI) reached a new 52-week high on Monday . The stock traded as high as $159.00 and last traded at $157.3740, with a volume of 5067 shares. The stock had previously closed at $158.87.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ATI. JPMorgan Chase & Co. boosted their price target on ATI from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Wall Street Zen cut ATI from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $150.00 price target on shares of ATI in a research note on Wednesday, February 4th. Susquehanna set a $155.00 target price on shares of ATI in a research report on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ATI in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. Based on data from MarketBeat.com, ATI presently has a consensus rating of “Buy” and a consensus target price of $133.00.

ATI Stock Up 1.1%

The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.27 and a current ratio of 2.66. The stock’s fifty day simple moving average is $127.05 and its two-hundred day simple moving average is $101.28. The stock has a market capitalization of $22.06 billion, a P/E ratio of 56.72, a price-to-earnings-growth ratio of 1.61 and a beta of 1.02.

ATI (NYSE:ATI) last issued its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. ATI had a net margin of 8.81% and a return on equity of 24.26%. ATI’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.79 earnings per share. 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 expect that ATI Inc. will post 2.89 EPS for the current fiscal year.

ATI declared that its board has approved a share buyback program on Thursday, February 19th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the basic materials company to purchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, Chairman Robert S. Wetherbee sold 53,862 shares of the company’s stock in a transaction 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 sale, the chairman directly owned 132,676 shares of the company’s stock, valued at approximately $14,525,368.48. This represents a 28.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On ATI

Hedge funds and other institutional investors have recently bought and sold shares of the company. True Wealth Design LLC grew its holdings in ATI by 642.9% during the 4th quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 225 shares during the period. Prestige Wealth Management Group LLC bought a new stake in shares of ATI during the 3rd quarter valued at about $34,000. Meeder Asset Management Inc. boosted its position in shares of ATI by 2,010.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 402 shares in the last quarter. Torren Management LLC acquired a new stake in ATI during the fourth quarter worth approximately $52,000. Finally, Allworth Financial LP increased its holdings in ATI by 50.8% in the third quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 180 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.