Allegheny Technologies Incorporated (NYSE:ATI) Director James C. Diggs sold 4,000 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $23.65, for a total value of $94,600.00. Following the completion of the sale, the director now owns 36,458 shares in the company, valued at approximately $862,231.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of ATI stock opened at $24.69 on Friday. Allegheny Technologies Incorporated has a 52-week low of $20.84 and a 52-week high of $30.18. The company has a current ratio of 2.87, a quick ratio of 1.22 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $3.11 billion, a P/E ratio of 16.35, a price-to-earnings-growth ratio of 1.11 and a beta of 2.32.

Allegheny Technologies (NYSE:ATI) last released its quarterly earnings results on Tuesday, April 23rd. The basic materials company reported $0.12 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.12. Allegheny Technologies had a return on equity of 8.79% and a net margin of 4.41%. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $991.18 million. During the same quarter last year, the business posted $0.32 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts predict that Allegheny Technologies Incorporated will post 1.49 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Trust Advisors LP purchased a new stake in Allegheny Technologies during the first quarter valued at about $3,043,000. GYL Financial Synergies LLC purchased a new stake in Allegheny Technologies during the first quarter valued at about $564,000. Advisors Asset Management Inc. raised its position in Allegheny Technologies by 278.7% during the first quarter. Advisors Asset Management Inc. now owns 4,154 shares of the basic materials company’s stock valued at $106,000 after purchasing an additional 3,057 shares in the last quarter. Trexquant Investment LP purchased a new stake in Allegheny Technologies during the first quarter valued at about $2,652,000. Finally, Neuberger Berman Group LLC raised its position in Allegheny Technologies by 6.1% during the first quarter. Neuberger Berman Group LLC now owns 1,170,228 shares of the basic materials company’s stock valued at $29,923,000 after purchasing an additional 67,519 shares in the last quarter.

A number of equities research analysts recently issued reports on ATI shares. KeyCorp increased their price objective on Allegheny Technologies from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 24th. Macquarie downgraded Allegheny Technologies from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $34.00 to $28.00 in a research report on Friday, April 12th. ValuEngine downgraded Allegheny Technologies from a “hold” rating to a “sell” rating in a research report on Monday, March 11th. Buckingham Research lowered their price objective on Allegheny Technologies from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Finally, Zacks Investment Research upgraded Allegheny Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $32.20.

About Allegheny Technologies

Allegheny Technologies Incorporated manufactures and sells specialty materials and components worldwide. The company operates through two segments, High Performance Materials & Components, and Flat-Rolled Products. The High Performance Materials & Components segment produces high performance materials, including titanium and titanium-based alloys; nickel-and cobalt-based alloys and superalloys; zirconium and related alloys, such as hafnium and niobium; powder alloys; and other specialty materials in long product forms of ingots, billets, bars, rods, wires, and shapes and rectangles, as well as seamless tubes, plus precision forgings, castings, components, and machined parts.

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