Key Points
- ATI Director David Morehouse sold 2,485 shares at an average price of $201.61, generating approximately $501,001. His direct ownership fell 6.49% to 35,826 shares.
- ATI reported stronger-than-expected quarterly results, with EPS of $1.23 versus the $1.03 consensus and revenue of $1.26 billion. Revenue increased 10.6% year over year, and the company issued fiscal 2026 EPS guidance of $4.90–$5.18.
- Analysts maintain a positive outlook, with the stock holding a consensus “Buy” rating and an average price target of $232. ATI shares opened at $210.52, compared with a 52-week range of $74.45 to $243.57.
ATI Inc. (NYSE:ATI - Get Free Report) Director David Morehouse sold 2,485 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $201.61, for a total transaction of $501,000.85. Following the transaction, the director directly owned 35,826 shares in the company, valued at approximately $7,222,879.86. This represents a 6.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
ATI Price Performance
Shares of NYSE ATI opened at $210.52 on Friday. The company has a current ratio of 2.33, a quick ratio of 1.14 and a debt-to-equity ratio of 0.91. The firm's 50-day moving average price is $202.12 and its 200-day moving average price is $176.74. The firm has a market capitalization of $28.67 billion, a P/E ratio of 61.74, a P/E/G ratio of 1.24 and a beta of 1.01. ATI Inc. has a 1-year low of $74.45 and a 1-year high of $243.57.
ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.20. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. ATI had a return on equity of 29.27% and a net margin of 10.09%.The company's quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 earnings per share. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. Equities research analysts anticipate that ATI Inc. will post 5.11 earnings per share for the current fiscal year.
Analysts Set New Price Targets
ATI has been the topic of a number of analyst reports. Wells Fargo & Company reissued an "overweight" rating and set a $275.00 target price on shares of ATI in a report on Monday, August 10th. Weiss Ratings upgraded shares of ATI from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, July 9th. TD Cowen upped their target price on ATI from $170.00 to $210.00 and gave the stock a "buy" rating in a research note on Monday, July 13th. BTIG Research upped their price target on shares of ATI from $180.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $262.00 target price on shares of ATI in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $232.00.
Get Our Latest Analysis on ATI
Institutional Investors Weigh In On ATI
Hedge funds have recently added to or reduced their stakes in the stock. Signature Equity Partners LLC raised its position in shares of ATI by 208.5% in the 1st quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company's stock worth $26,000 after purchasing an additional 123 shares during the last quarter. CoreCap Advisors LLC purchased a new stake in ATI during the 2nd quarter valued at $30,000. Summit Securities Group LLC purchased a new position in ATI in the first quarter worth about $60,000. Triumph Capital Management grew its position in ATI by 22.4% during the second quarter. Triumph Capital Management now owns 317 shares of the basic materials company's stock valued at $62,000 after buying an additional 58 shares during the period. Finally, Hollencrest Capital Management lifted its position in ATI by 283.1% during the first quarter. Hollencrest Capital Management now owns 452 shares of the basic materials company's stock valued at $66,000 after purchasing an additional 334 shares in the last quarter.
ATI Company Profile
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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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