ATI (NYSE:ATI) Sets New 52-Week High – Here’s What Happened

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

Wall Street Analysts Forecast Growth

ATI has been the topic of several recent research reports. Wall Street Zen lowered shares of ATI from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a report on Monday, December 29th. BTIG Research upped 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. Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $150.00 price target on shares of ATI in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to MarketBeat, ATI currently has a consensus rating of “Buy” and a consensus target price of $133.00.

ATI Trading Down 0.5%

The company has a market cap of $21.48 billion, a P/E ratio of 55.73, a PEG ratio of 1.60 and a beta of 1.02. The company has a quick ratio of 1.27, a current ratio of 2.66 and a debt-to-equity ratio of 0.90. The business has a fifty day moving average price of $125.00 and a 200-day moving average price of $100.05.

ATI (NYSE:ATI) last released its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.04. ATI had a return on equity of 24.26% and a net margin of 8.81%.The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the company posted $0.79 EPS. The firm’s quarterly revenue was up .4% on a year-over-year basis. 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, analysts forecast that ATI Inc. will post 2.89 earnings per share for the current year.

ATI declared that its Board of Directors has authorized a stock buyback plan on Thursday, February 19th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the basic materials company to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at ATI

In other ATI news, Chairman Robert S. Wetherbee sold 53,862 shares of the firm’s stock in a transaction that occurred 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 owned 132,676 shares in the company, valued at $14,525,368.48. This trade represents a 28.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Timothy J. Harris sold 10,542 shares of the business’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $97.88, for a total transaction of $1,031,850.96. Following the sale, the vice president directly owned 98,310 shares in the company, valued at approximately $9,622,582.80. The trade was a 9.68% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On ATI

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

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.