Key Points
- CEO Kimberly Fields sold 24,845 ATI shares at an average price of $231.19, generating approximately $5.74 million. Her remaining direct ownership fell 19.79% to 100,719 shares.
- ATI’s latest quarterly results exceeded expectations, with EPS of $1.23 versus the $1.03 consensus and revenue of $1.26 billion, up 10.6% year over year. The company issued third-quarter EPS guidance of $1.31–$1.37.
- Despite the stock’s reported 4.9% decline, analyst sentiment remains positive: ATI has an average “Buy” rating and a consensus price target of $232, with several firms recently raising targets or upgrading the shares.
ATI Inc. (NYSE:ATI - Get Free Report) CEO Kimberly Fields sold 24,845 shares of the business's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $231.19, for a total transaction of $5,743,915.55. Following the transaction, the chief executive officer directly owned 100,719 shares of the company's stock, valued at approximately $23,285,225.61. This trade represents a 19.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
ATI Stock Down 4.9%
ATI stock opened at $215.45 on Thursday. The company has a 50-day simple moving average of $199.80 and a 200-day simple moving average of $170.61. The firm has a market capitalization of $29.34 billion, a P/E ratio of 63.18, a P/E/G ratio of 1.37 and a beta of 0.98. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.14 and a current ratio of 2.33. ATI Inc. has a one year low of $70.42 and a one year high of $243.57.
ATI (NYSE:ATI - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.03 by $0.20. The business had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.22 billion. ATI had a net margin of 10.09% and a return on equity of 29.27%. The company's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.74 EPS. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. As a group, equities analysts expect that ATI Inc. will post 5.15 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. TD Cowen lifted their price target on ATI from $170.00 to $210.00 and gave the company a "buy" rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $262.00 price objective on shares of ATI in a report on Monday, August 10th. Wall Street Zen upgraded shares of ATI from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Weiss Ratings raised shares of ATI from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, July 9th. Finally, JPMorgan Chase & Co. upped their price objective on shares of ATI from $150.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. Based on data from MarketBeat.com, ATI currently has an average rating of "Buy" and a consensus price target of $232.00.
Read Our Latest Stock Report on ATI
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Royal Bank of Canada raised its position in ATI by 8.1% in the first quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company's stock worth $3,140,000 after acquiring an additional 4,542 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in ATI by 49.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company's stock valued at $32,984,000 after acquiring an additional 209,480 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of ATI during the 2nd quarter valued at about $324,000. M&T Bank Corp bought a new position in shares of ATI during the 2nd quarter valued at about $317,000. Finally, First Trust Advisors LP grew its stake in shares of ATI by 4.9% in the 2nd quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company's stock worth $17,028,000 after purchasing an additional 9,234 shares during the last quarter.
About ATI
(
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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