ATI (NYSE:ATI) Director Sells $1,019,438.25 in Stock

ATI Inc. (NYSE:ATI) Director David Morehouse sold 6,609 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $154.25, for a total transaction of $1,019,438.25. Following the completion of the transaction, the director directly owned 38,168 shares in the company, valued at approximately $5,887,414. This represents a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

ATI Price Performance

Shares of ATI stock traded down $1.36 on Wednesday, reaching $157.61. 872,891 shares of the stock were exchanged, compared to its average volume of 2,041,922. The firm’s 50 day moving average is $135.98 and its 200-day moving average is $107.33. ATI Inc. has a one year low of $39.23 and a one year high of $168.14. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.27 and a current ratio of 2.66. The firm has a market cap of $21.58 billion, a PE ratio of 55.50, a P/E/G ratio of 1.55 and a beta of 0.95.

ATI (NYSE:ATI) last announced its quarterly earnings data on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. ATI had a net margin of 8.81% and a return on equity of 24.26%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the firm posted $0.79 earnings per share. The firm’s quarterly revenue was up .4% compared to the same quarter last year. ATI has set its FY 2026 guidance at 3.990-4.270 EPS and its Q1 2026 guidance at 0.830-0.890 EPS. As a group, analysts anticipate that ATI Inc. will post 2.89 EPS for the current fiscal year.

ATI announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 19th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the basic materials company to purchase up to 2.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several research analysts have commented on ATI shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $150.00 target price on shares of ATI in a research note on Wednesday, February 4th. KeyCorp raised their price target on shares of ATI from $120.00 to $132.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. BTIG Research upped their price objective on shares of ATI from $120.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Wall Street Zen lowered shares of ATI from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. One equities research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. According to data from MarketBeat, ATI has a consensus rating of “Buy” and a consensus price target of $133.00.

Institutional Trading of ATI

A number of hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its position in shares of 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% during the first 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 during the last quarter. Savant Capital LLC acquired a new position in shares of ATI in the second quarter worth approximately $315,000. Penserra Capital Management LLC acquired a new position in shares of ATI in the second quarter worth approximately $1,613,000. Finally, Summit Investment Advisors Inc. boosted its holdings in ATI by 12,202.6% in the first quarter. Summit Investment Advisors Inc. now owns 28,296 shares of the basic materials company’s stock valued at $1,472,000 after acquiring an additional 28,066 shares during the last quarter.

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.