ATI (NYSE:ATI) Shares Up 14% Following Strong Earnings

ATI Inc. (NYSE:ATI)’s share price was up 14% during mid-day trading on Thursday following a better than expected earnings announcement. The stock traded as high as $235.35 and last traded at $233.8460. 499,364 shares traded hands during trading, a decline of 73% from the average daily volume of 1,868,962 shares. The stock had previously closed at $205.11.

The basic materials company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.20. ATI had a return on equity of 26.44% and a net margin of 9.26%.ATI’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.74 EPS. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS.

Analyst Upgrades and Downgrades

ATI has been the topic of a number of research reports. BTIG Research boosted their target price on shares of ATI from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Wall Street Zen downgraded shares of ATI from a “buy” rating to a “hold” rating in a report on Tuesday, July 28th. Susquehanna boosted their price objective on ATI from $185.00 to $215.00 and gave the stock a “positive” rating in a research note on Thursday, July 9th. Zacks Research raised ATI from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Finally, JPMorgan Chase & Co. boosted their target price on ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, ATI currently has a consensus rating of “Buy” and an average target price of $187.62.

Insider Activity

In related news, CEO Kimberly A. Fields sold 59,749 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the transaction, the chief executive officer directly owned 218,014 shares of the company’s stock, valued at $39,039,766.98. This represents a 21.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders sold 192,199 shares of company stock worth $34,601,100 over the last 90 days. Corporate insiders own 0.98% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Bank of Nova Scotia grew its position in ATI by 92.9% during the 1st quarter. Bank of Nova Scotia now owns 467,149 shares of the basic materials company’s stock worth $67,951,000 after purchasing an additional 224,949 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of ATI by 456.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 129,617 shares of the basic materials company’s stock worth $14,875,000 after purchasing an additional 106,343 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in ATI in the first quarter valued at about $4,599,000. Precision Wealth Strategies LLC purchased a new position in shares of ATI in the first quarter valued at $1,009,000. Finally, Illinois Municipal Retirement Fund purchased a new stake in ATI in the 1st quarter valued at approximately $1,106,000.

ATI Stock Performance

The company has a market capitalization of $31.80 billion, a price-to-earnings ratio of 77.27, a PEG ratio of 1.59 and a beta of 0.98. The company has a quick ratio of 1.17, a current ratio of 2.67 and a debt-to-equity ratio of 0.95. The stock has a fifty day moving average price of $190.30 and a two-hundred day moving average price of $163.33.

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.