ATI (NYSE:ATI) Stock Price Down 4% – Should You Sell?

ATI Inc. (NYSE:ATI) dropped 4% during mid-day trading on Tuesday. The stock traded as low as $180.86 and last traded at $181.7350. 471,407 shares traded hands during trading, a decline of 74% from the average session volume of 1,810,443 shares. The stock had previously closed at $189.28.

Wall Street Analyst Weigh In

Several equities analysts have commented on ATI shares. Susquehanna raised their target price on shares of ATI from $215.00 to $265.00 and gave the company a “positive” rating in a research note on Friday, August 7th. TD Cowen raised their price target on shares of ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 13th. KeyCorp dropped their price objective on ATI from $258.00 to $228.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $262.00 price objective on shares of ATI in a report on Monday, August 10th. Finally, Wall Street Zen upgraded shares of ATI from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $223.88.

ATI Stock Performance

The firm has a market capitalization of $24.84 billion, a P/E ratio of 53.42, a price-to-earnings-growth ratio of 1.13 and a beta of 0.99. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.14 and a current ratio of 2.33. The stock has a 50-day moving average of $200.25 and a 200 day moving average of $185.51.

ATI (NYSE:ATI) last released its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.20. ATI had a return on equity of 29.27% and a net margin of 10.09%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the business posted $0.74 earnings per share. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. 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, research analysts anticipate that ATI Inc. will post 5.11 earnings per share for the current year.

Insider Activity at ATI

In related news, Director David J. Morehouse sold 2,485 shares of the company’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $201.61, for a total value of $501,000.85. Following the completion of the transaction, the director directly owned 35,826 shares of the company’s stock, valued at approximately $7,222,879.86. This represents a 6.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kimberly A. Fields sold 24,845 shares of ATI stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $231.19, for a total transaction of $5,743,915.55. Following the completion of the sale, the chief executive officer owned 100,719 shares in the company, valued at $23,285,225.61. This trade represents a 19.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 117,587 shares of company stock worth $24,111,631 in the last ninety days. Company insiders own 0.98% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ATI. BlackRock Inc. acquired a new stake in shares of ATI during the 2nd quarter worth $3,687,529,000. Bank of America Corp DE acquired a new position in ATI in the second quarter valued at about $348,285,000. SG Americas Securities LLC raised its stake in ATI by 1,471.8% in the first quarter. SG Americas Securities LLC now owns 1,075,368 shares of the basic materials company’s stock valued at $156,423,000 after purchasing an additional 1,006,951 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in ATI during the second quarter worth about $168,996,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in ATI by 231.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,203,726 shares of the basic materials company’s stock worth $175,094,000 after purchasing an additional 840,455 shares during the period.

About ATI

ATI Inc (NYSE: ATI) is a specialty materials and components manufacturer serving demanding applications in the aerospace and defense, medical, energy, and industrial markets. The company develops and produces materials designed to perform in high-temperature, high-strength, and corrosion-resistant environments.

Its products include nickel-based superalloys, titanium and titanium-based materials, specialty steels, precision-rolled materials, forgings, and other engineered components. These products are used in aircraft engines and airframes, defense systems, medical implants and devices, power-generation equipment, and other industrial applications.

ATI was formed in 1996 through the combination of Allegheny Ludlum Corporation and Teledyne, Inc The company serves customers in the United States and international markets through manufacturing and processing operations across North America and Europe.