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

ATI Inc. (NYSE:ATI) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $205.31 and last traded at $200.6310, with a volume of 63974 shares changing hands. The stock had previously closed at $201.34.

Analysts Set New Price Targets

Several research firms have commented on ATI. JPMorgan Chase & Co. lifted their target price on shares of ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Susquehanna increased their price target on ATI from $155.00 to $185.00 and gave the stock a “positive” rating in a research note on Friday, April 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $194.00 price objective on shares of ATI in a report on Friday, May 1st. Zacks Research downgraded ATI from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, KeyCorp upped their target price on ATI from $167.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $164.38.

ATI Price Performance

The company’s 50-day moving average is $168.39 and its 200-day moving average is $145.00. The firm has a market capitalization of $27.77 billion, a price-to-earnings ratio of 67.30, a PEG ratio of 1.73 and a beta of 0.96. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.67 and a quick ratio of 1.17.

ATI (NYSE:ATI) last posted its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.12. ATI had a net margin of 9.26% and a return on equity of 26.44%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the firm posted $0.72 earnings per share. ATI’s revenue was up .6% on a year-over-year basis. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. On average, research analysts expect that ATI Inc. will post 4.43 earnings per share for the current year.

Insiders Place Their Bets

In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the completion of the sale, the chief executive officer owned 218,014 shares of the company’s stock, valued at approximately $39,039,766.98. The trade was a 21.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.98% of the company’s stock.

Hedge Funds Weigh In On ATI

Large investors have recently modified their holdings of the company. Capital International Investors increased its position in ATI by 2.6% during the 3rd quarter. Capital International Investors now owns 17,147,559 shares of the basic materials company’s stock worth $1,394,349,000 after purchasing an additional 436,131 shares in the last quarter. Capital World Investors lifted its position in ATI by 15.8% during the third quarter. Capital World Investors now owns 7,900,572 shares of the basic materials company’s stock valued at $642,633,000 after buying an additional 1,080,201 shares in the last quarter. State Street Corp grew its stake in ATI by 7.4% during the third quarter. State Street Corp now owns 6,042,244 shares of the basic materials company’s stock worth $491,476,000 after buying an additional 415,479 shares during the period. Capital Research Global Investors grew its stake in ATI by 12.0% during the fourth quarter. Capital Research Global Investors now owns 3,611,724 shares of the basic materials company’s stock worth $414,481,000 after buying an additional 386,754 shares during the period. Finally, Invesco Ltd. increased its position in shares of ATI by 7.4% in the fourth quarter. Invesco Ltd. now owns 3,384,924 shares of the basic materials company’s stock worth $388,454,000 after acquiring an additional 233,010 shares in 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.