ATI (NYSE:ATI) Reaches New 12-Month High – Time to Buy?

ATI Inc. (NYSE:ATI)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $125.45 and last traded at $124.32, with a volume of 1176757 shares traded. The stock had previously closed at $123.46.

Wall Street Analyst Weigh In

ATI has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft set a $98.00 target price on shares of ATI in a report on Wednesday, October 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a research report on Monday, December 29th. BTIG Research restated a “buy” rating and set a $120.00 price objective on shares of ATI in a research note on Wednesday, October 29th. JPMorgan Chase & Co. upped their target price on ATI from $118.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th. Finally, Alembic Global Advisors started coverage on ATI in a research note on Thursday. They issued an “overweight” rating and a $141.00 target price for the company. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, ATI presently has a consensus rating of “Moderate Buy” and an average price target of $117.75.

ATI Price Performance

The company has a current ratio of 2.50, a quick ratio of 1.18 and a debt-to-equity ratio of 0.94. The stock has a market cap of $17.05 billion, a PE ratio of 40.61, a P/E/G ratio of 1.18 and a beta of 1.02. The company’s 50 day moving average is $108.13 and its 200-day moving average is $91.84.

ATI (NYSE:ATI) last posted its quarterly earnings data on Tuesday, October 28th. The basic materials company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.10. ATI had a net margin of 9.71% and a return on equity of 23.34%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the prior year, the company posted $0.60 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. ATI has set its FY 2025 guidance at 3.150-3.21 EPS and its Q4 2025 guidance at 0.840-0.90 EPS. As a group, sell-side analysts predict that ATI Inc. will post 2.89 earnings per share for the current year.

Insider Buying and Selling at ATI

In other news, SVP Tina Killough Busch sold 2,598 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $93.26, for a total transaction of $242,289.48. Following the completion of the transaction, the senior vice president directly owned 21,274 shares in the company, valued at approximately $1,984,013.24. This represents a 10.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Robert S. Wetherbee sold 53,862 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $109.48, for a total transaction of $5,896,811.76. Following the sale, the chairman directly owned 132,676 shares of the company’s stock, valued at $14,525,368.48. The trade was a 28.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 158,630 shares of company stock worth $16,144,855 in the last 90 days. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in ATI during the 2nd quarter worth $146,726,000. Capital World Investors lifted its position in shares of ATI by 15.8% during the third quarter. Capital World Investors now owns 7,900,572 shares of the basic materials company’s stock worth $642,633,000 after purchasing an additional 1,080,201 shares during the last quarter. Holocene Advisors LP lifted its position in shares of ATI by 153.7% during the third quarter. Holocene Advisors LP now owns 1,534,114 shares of the basic materials company’s stock worth $124,785,000 after purchasing an additional 929,333 shares during the last quarter. BNP Paribas Financial Markets grew its stake in ATI by 552.7% in the second quarter. BNP Paribas Financial Markets now owns 720,224 shares of the basic materials company’s stock worth $62,184,000 after purchasing an additional 609,874 shares in the last quarter. Finally, 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.

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.