Key Points
- ATI CEO Kimberly Fields sold 59,749 shares on June 2 for about $10.7 million at an average price of $179.07, reducing her direct ownership by 21.51%.
- ATI recently reported stronger-than-expected earnings, posting $1.00 EPS versus the $0.88 estimate, though revenue of $1.15 billion came in slightly below consensus. The company also raised full-year and Q2 2026 guidance.
- The stock is near its 52-week high, trading around $181.17 with a one-year range of $70.42 to $183.30, while analysts overall maintain a Buy consensus and ATI has authorized a $500 million share repurchase program.
ATI Inc. (NYSE:ATI - Get Free Report) CEO Kimberly Fields sold 59,749 shares of the firm's stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the completion of the transaction, the chief executive officer directly owned 218,014 shares of the company's stock, valued at $39,039,766.98. This represents a 21.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
ATI Trading Up 0.7%
ATI stock opened at $181.17 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.67 and a quick ratio of 1.17. The company has a fifty day moving average price of $158.29 and a two-hundred day moving average price of $137.73. ATI Inc. has a one year low of $70.42 and a one year high of $183.30. The stock has a market cap of $24.72 billion, a price-to-earnings ratio of 59.99, a price-to-earnings-growth ratio of 1.55 and a beta of 0.96.
ATI (NYSE:ATI - Get Free Report) last posted its 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 return on equity of 26.44% and a net margin of 9.26%.The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the firm earned $0.72 earnings per share. The company'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. Equities analysts anticipate that ATI Inc. will post 4.43 EPS for the current year.
ATI declared that its board has initiated a share buyback plan on Thursday, February 19th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the basic materials company to reacquire up to 2.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.
Institutional Trading of ATI
A number of institutional investors have recently added to or reduced their stakes in the stock. DV Trading LLC raised its holdings in shares of ATI by 100.0% in the 1st quarter. DV Trading LLC now owns 1,600 shares of the basic materials company's stock valued at $233,000 after acquiring an additional 800 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of ATI by 3,869.0% during the 1st quarter. NewEdge Advisors LLC now owns 3,969 shares of the basic materials company's stock valued at $577,000 after buying an additional 3,869 shares in the last quarter. Optiver Holding B.V. bought a new position in ATI during the 1st quarter worth approximately $178,000. Bank of America Corp DE grew its position in ATI by 70.8% during the 1st quarter. Bank of America Corp DE now owns 1,364,941 shares of the basic materials company's stock worth $198,544,000 after acquiring an additional 565,867 shares during the last quarter. Finally, Edgestream Partners L.P. grew its position in ATI by 17.2% during the 1st quarter. Edgestream Partners L.P. now owns 9,517 shares of the basic materials company's stock worth $1,384,000 after acquiring an additional 1,399 shares during the last quarter.
Analysts Set New Price Targets
ATI has been the topic of several research reports. KeyCorp boosted their price target on ATI from $167.00 to $175.00 and gave the stock an "overweight" rating in a report on Monday, May 4th. JPMorgan Chase & Co. boosted their price target on ATI from $150.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, May 1st. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of ATI in a research report on Friday, May 22nd. Susquehanna upped their target price on ATI from $155.00 to $185.00 and gave the stock a "positive" rating in a research report on Friday, April 10th. Finally, Zacks Research downgraded ATI from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $164.38.
Read Our Latest Stock Report on ATI
ATI Company Profile
(
Get Free Report)
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.
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