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

ATI Inc. (NYSE:ATI)’s stock price reached a new 52-week high on Monday . The stock traded as high as $205.31 and last traded at $200.6310, with a volume of 63974 shares trading hands. The stock had previously closed at $201.34.

Analyst Ratings Changes

ATI has been the subject of several recent research reports. BTIG Research increased their price target on ATI from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday, May 1st. Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a research note on Friday, May 22nd. Zacks Research downgraded ATI from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $194.00 target price on shares of ATI in a research note on Friday, May 1st. Finally, KeyCorp boosted their price target on ATI from $167.00 to $175.00 and gave the stock an “overweight” rating in a research 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 given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $164.38.

ATI Price Performance

The stock has a market cap of $27.77 billion, a PE ratio of 67.30, a P/E/G ratio of 1.73 and a beta of 0.96. 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 business has a fifty day moving average of $168.39 and a 200 day moving average of $145.00.

ATI (NYSE:ATI) last posted its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.12. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.19 billion. ATI had a return on equity of 26.44% and a net margin of 9.26%.ATI’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $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. Sell-side analysts anticipate that ATI Inc. will post 4.43 earnings per share for the current year.

Insider Buying and Selling

In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the completion of the transaction, the chief executive officer directly owned 218,014 shares of the company’s stock, valued at $39,039,766.98. This trade represents a 21.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.98% of the stock is owned by company insiders.

Hedge Funds Weigh In On ATI

A number of hedge funds have recently bought and sold shares of the company. Capital International Investors increased its holdings in ATI by 2.6% in the third quarter. Capital International Investors now owns 17,147,559 shares of the basic materials company’s stock valued at $1,394,349,000 after buying an additional 436,131 shares during the last quarter. Capital World Investors lifted its holdings in ATI by 15.8% during the 3rd quarter. Capital World Investors now owns 7,900,572 shares of the basic materials company’s stock worth $642,633,000 after buying an additional 1,080,201 shares during the last quarter. State Street Corp grew its position in shares of ATI by 7.4% in the 3rd quarter. State Street Corp now owns 6,042,244 shares of the basic materials company’s stock worth $491,476,000 after acquiring an additional 415,479 shares in the last quarter. Capital Research Global Investors grew its position in shares of ATI by 12.0% in the 4th quarter. Capital Research Global Investors now owns 3,611,724 shares of the basic materials company’s stock worth $414,481,000 after acquiring an additional 386,754 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of ATI by 7.4% in the 4th quarter. Invesco Ltd. now owns 3,384,924 shares of the basic materials company’s stock valued at $388,454,000 after acquiring an additional 233,010 shares during 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.