ATI (NYSE:ATI) Director David Morehouse Sells 2,485 Shares

ATI Inc. (NYSE:ATI) Director David Morehouse sold 2,485 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $201.61, for a total transaction of $501,000.85. Following the transaction, the director directly owned 35,826 shares of the company’s stock, valued at $7,222,879.86. This represents a 6.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

ATI Stock Performance

Shares of ATI opened at $210.52 on Friday. The company has a current ratio of 2.33, a quick ratio of 1.14 and a debt-to-equity ratio of 0.91. ATI Inc. has a 12 month low of $74.45 and a 12 month high of $243.57. The firm has a fifty day simple moving average of $202.12 and a 200 day simple moving average of $176.74. The stock has a market capitalization of $28.67 billion, a price-to-earnings ratio of 61.74, a PEG ratio of 1.24 and a beta of 1.01.

ATI (NYSE:ATI) last issued its earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.20. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. ATI had a net margin of 10.09% and a return on equity of 29.27%. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.74 earnings per share. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. Research analysts forecast that ATI Inc. will post 5.11 EPS for the current fiscal year.

Institutional Investors Weigh In On ATI

A number of hedge funds and other institutional investors have recently bought and sold shares of ATI. Royal Bank of Canada raised its holdings in ATI by 8.1% in the 1st quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock valued at $3,140,000 after buying an additional 4,542 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of ATI by 49.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock worth $32,984,000 after acquiring an additional 209,480 shares in the last quarter. Cetera Investment Advisers acquired a new position in shares of ATI in the 2nd quarter valued at about $324,000. M&T Bank Corp bought a new stake in shares of ATI during the 2nd quarter valued at about $317,000. Finally, First Trust Advisors LP boosted its position in shares of ATI by 4.9% during the 2nd quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company’s stock valued at $17,028,000 after purchasing an additional 9,234 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Wall Street Zen upgraded ATI from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. BTIG Research lifted their price objective on ATI from $180.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 7th. TD Cowen raised their price target on ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $275.00 price objective on shares of ATI in a research report on Monday, August 10th. Finally, KeyCorp lifted their price target on ATI from $211.00 to $258.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $232.00.

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.