ATI (NYSE:ATI) Director David Morehouse Sells 6,609 Shares

ATI Inc. (NYSE:ATI) Director David Morehouse sold 6,609 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was 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 owned 38,168 shares in the company, valued at $5,887,414. This trade represents a 14.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

ATI Trading Down 0.9%

Shares of NYSE:ATI traded down $1.36 during trading on Wednesday, reaching $157.61. The stock had a trading volume of 872,891 shares, compared to its average volume of 2,041,922. ATI Inc. has a 52 week low of $39.23 and a 52 week 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’s fifty day moving average is $135.98 and its 200 day moving average is $107.33. The stock has a market cap of $21.58 billion, a price-to-earnings ratio of 55.50, a P/E/G ratio of 1.55 and a beta of 0.95.

ATI (NYSE:ATI) last announced its earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. ATI had a net margin of 8.81% and a return on equity of 24.26%. ATI’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 earnings per share. 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, equities analysts forecast that ATI Inc. will post 2.89 EPS for the current fiscal year.

ATI announced that its Board of Directors has authorized a share buyback 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 generally an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on ATI from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. KeyCorp raised their price objective on shares of ATI from $120.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. BTIG Research lifted their price objective on shares of ATI from $120.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Finally, Susquehanna set a $155.00 target price on shares of ATI in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $133.00.

Institutional Investors Weigh In On ATI

Several hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada raised its position in shares of ATI by 8.1% during the first quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock worth $3,140,000 after purchasing an additional 4,542 shares during the period. Goldman Sachs Group Inc. lifted its holdings 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 purchasing an additional 209,480 shares in the last quarter. Savant Capital LLC acquired a new position in ATI during the second quarter worth $315,000. Penserra Capital Management LLC bought a new position in shares of ATI in the second quarter valued at $1,613,000. Finally, Summit Investment Advisors Inc. grew its holdings in shares of ATI by 12,202.6% during 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 buying an additional 28,066 shares during the last quarter.

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.