ATI (NYSE:ATI) Stock Falls 4% – Should You Sell?

Shares of ATI Inc. (NYSE:ATI) dropped 4% during trading on Tuesday. The company traded as low as $180.86 and last traded at $181.7350. Approximately 471,407 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 1,810,443 shares. The stock had previously closed at $189.28.

Analyst Ratings Changes

Several brokerages have weighed in on ATI. Susquehanna boosted their price objective on ATI from $215.00 to $265.00 and gave the stock a “positive” rating in a report on Friday, August 7th. Wells Fargo & Company reduced their target price on shares of ATI from $275.00 to $240.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 30th. TD Cowen lifted their price target on shares of ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Finally, Weiss Ratings raised shares of ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, October 13th. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to MarketBeat, ATI has an average rating of “Buy” and a consensus price target of $223.88.

ATI Price Performance

The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.14 and a current ratio of 2.33. The firm has a market capitalization of $24.54 billion, a P/E ratio of 52.84, a price-to-earnings-growth ratio of 1.09 and a beta of 0.99. The company has a 50-day moving average price of $198.31 and a 200-day moving average price of $185.96.

ATI (NYSE:ATI) last announced its quarterly earnings data on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.20. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. ATI had a return on equity of 29.27% and a net margin of 10.09%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm 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. On average, sell-side analysts predict that ATI Inc. will post 5.13 earnings per share for the current year.

Insider Transactions at ATI

In other news, Director David J. Morehouse sold 2,485 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $201.61, for a total value of $501,000.85. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Kimberly A. Fields sold 31,757 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $190.99, for a total transaction of $6,065,269.43. Following the completion of the sale, the chief executive officer owned 125,564 shares in the company, valued at $23,981,468.36. This represents a 20.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 117,587 shares of company stock worth $24,111,631. 0.98% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Precision Wealth Strategies LLC bought a new stake in shares of ATI in the first quarter worth about $1,009,000. Bank of Nova Scotia lifted its holdings in shares of ATI by 92.9% during the 1st quarter. Bank of Nova Scotia now owns 467,149 shares of the basic materials company’s stock valued at $67,951,000 after purchasing an additional 224,949 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of ATI in the 2nd quarter valued at approximately $129,773,000. Illinois Municipal Retirement Fund acquired a new position in shares of ATI in the 1st quarter valued at approximately $1,106,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in ATI during the 1st quarter worth approximately $4,599,000.

About ATI

ATI Inc (NYSE: ATI) is a specialty materials and components manufacturer serving demanding applications in the aerospace and defense, medical, energy, and industrial markets. The company develops and produces materials designed to perform in high-temperature, high-strength, and corrosion-resistant environments.

Its products include nickel-based superalloys, titanium and titanium-based materials, specialty steels, precision-rolled materials, forgings, and other engineered components. These products are used in aircraft engines and airframes, defense systems, medical implants and devices, power-generation equipment, and other industrial applications.

ATI was formed in 1996 through the combination of Allegheny Ludlum Corporation and Teledyne, Inc The company serves customers in the United States and international markets through manufacturing and processing operations across North America and Europe.