ATI (NYSE:ATI) Sets New 12-Month High – Here’s What Happened

ATI Inc. (NYSE:ATI) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $125.45 and last traded at $124.32, with a volume of 1176757 shares changing hands. The stock had previously closed at $123.46.

Analyst Ratings Changes

ATI has been the topic of a number of recent analyst reports. Susquehanna boosted their price objective on ATI from $100.00 to $120.00 and gave the company a “positive” rating in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft set a $98.00 price target on ATI in a report on Wednesday, October 8th. KeyCorp upgraded shares of ATI from a “sector weight” rating to an “overweight” rating and set a $120.00 price objective for the company in a research note on Thursday, November 13th. BTIG Research reiterated a “buy” rating and set a $120.00 target price on shares of ATI in a research report on Wednesday, October 29th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a report on Monday, December 29th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $109.14.

ATI Stock Performance

The firm has a market cap of $16.89 billion, a P/E ratio of 40.23, a PEG ratio of 1.19 and a beta of 1.02. The company has a current ratio of 2.50, a quick ratio of 1.18 and a debt-to-equity ratio of 0.94. The company’s 50-day moving average is $107.00 and its two-hundred day moving average is $91.38.

ATI (NYSE:ATI) last issued its quarterly earnings data on Tuesday, October 28th. The basic materials company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.10. ATI had a return on equity of 23.34% and a net margin of 9.71%.The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the company posted $0.60 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. ATI has set its FY 2025 guidance at 3.150-3.21 EPS and its Q4 2025 guidance at 0.840-0.90 EPS. As a group, equities analysts predict that ATI Inc. will post 2.89 EPS for the current fiscal year.

Insider Activity at ATI

In other ATI news, SVP Tina Killough Busch sold 2,598 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $93.26, for a total transaction of $242,289.48. Following the transaction, the senior vice president directly owned 21,274 shares in the company, valued at approximately $1,984,013.24. This trade represents a 10.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Robert S. Wetherbee sold 53,862 shares of the company’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $109.48, for a total transaction of $5,896,811.76. Following the completion of the sale, the chairman owned 132,676 shares of the company’s stock, valued at approximately $14,525,368.48. The trade was a 28.87% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 158,630 shares of company stock valued at $16,144,855. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On ATI

Hedge funds have recently modified their holdings of the company. Lido Advisors LLC grew its holdings in shares of ATI by 2.7% in the third quarter. Lido Advisors LLC now owns 3,784 shares of the basic materials company’s stock valued at $308,000 after acquiring an additional 101 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in ATI by 2.4% in the third quarter. Sequoia Financial Advisors LLC now owns 4,424 shares of the basic materials company’s stock worth $360,000 after purchasing an additional 102 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in ATI by 12.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,090 shares of the basic materials company’s stock valued at $86,000 after purchasing an additional 118 shares during the period. Fifth Third Bancorp increased its position in shares of ATI by 11.4% during the 2nd quarter. Fifth Third Bancorp now owns 1,252 shares of the basic materials company’s stock valued at $108,000 after purchasing an additional 128 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of ATI by 10.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,459 shares of the basic materials company’s stock valued at $126,000 after purchasing an additional 143 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.