ATI (NYSE:ATI) Hits New 52-Week High – Time to Buy?

ATI Inc. (NYSE:ATI) shares hit a new 52-week high during trading on Monday . The stock traded as high as $167.27 and last traded at $165.6370, with a volume of 736847 shares. The stock had previously closed at $163.59.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of ATI in a research note on Monday, December 29th. Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. BTIG Research raised their target price on ATI from $120.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. lifted their target price on ATI from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Finally, Wall Street Zen downgraded ATI from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. One analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, ATI currently has an average rating of “Buy” and an average price target of $133.00.

ATI Price Performance

The firm has a 50 day moving average of $132.01 and a 200-day moving average of $104.38. The company has a market cap of $22.06 billion, a P/E ratio of 56.73, a P/E/G ratio of 1.65 and a beta of 0.95. The company has a current ratio of 2.66, a quick ratio of 1.27 and a debt-to-equity ratio of 0.90.

ATI (NYSE:ATI) last released its earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.89 by $0.04. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. ATI had a net margin of 8.81% and a return on equity of 24.26%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. On average, equities research analysts predict that ATI Inc. will post 2.89 EPS for the current year.

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

Insider Activity

In related 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 transaction of $5,896,811.76. Following the sale, the chairman owned 132,676 shares of the company’s stock, valued at $14,525,368.48. This represents a 28.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new position in shares of ATI in the 4th quarter worth approximately $316,000. Compound Planning Inc. purchased a new position in ATI during the fourth quarter worth $236,000. Invesco Ltd. increased its position in ATI by 7.4% during the fourth 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. Mercer Global Advisors Inc. ADV raised its stake in shares of ATI by 86.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 25,726 shares of the basic materials company’s stock valued at $2,952,000 after acquiring an additional 11,933 shares during the period. Finally, Mackenzie Financial Corp raised its stake in shares of ATI by 93.1% in the fourth quarter. Mackenzie Financial Corp now owns 18,849 shares of the basic materials company’s stock valued at $2,185,000 after acquiring an additional 9,090 shares during the period.

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.