ATI Inc. (NYSE:ATI – Get Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $189.70 and last traded at $187.8520, with a volume of 152197 shares trading hands. The stock had previously closed at $180.14.
Analyst Upgrades and Downgrades
Several analysts have commented on the company. Susquehanna increased their target price on ATI from $155.00 to $185.00 and gave the company a “positive” rating in a research note on Friday, April 10th. Wells Fargo & Company assumed coverage on ATI in a research note on Wednesday, April 1st. They set an “overweight” rating and a $175.00 target price on the stock. KeyCorp increased 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of ATI in a research note on Friday, May 22nd. Finally, BTIG Research increased their target price on ATI from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $164.38.
Check Out Our Latest Report on ATI
ATI Trading Up 1.4%
ATI (NYSE:ATI – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.12. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.19 billion. ATI had a return on equity of 26.44% and a net margin of 9.26%.The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the business posted $0.72 EPS. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. Sell-side analysts expect that ATI Inc. will post 4.43 earnings per share for the current year.
ATI declared that its board has initiated a share buyback program on Thursday, February 19th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the basic materials company to purchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.
Insider Activity
In other news, CEO Kimberly A. Fields sold 59,749 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total value of $10,699,253.43. Following the transaction, the chief executive officer directly owned 218,014 shares in the company, valued at $39,039,766.98. This trade represents a 21.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.98% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On ATI
A number of institutional investors and hedge funds have recently modified their holdings of ATI. Norges Bank purchased a new position in shares of ATI in the 4th quarter worth $198,787,000. Capital World Investors boosted its stake in shares of ATI by 15.8% in the 3rd quarter. Capital World Investors now owns 7,900,572 shares of the basic materials company’s stock worth $642,633,000 after buying an additional 1,080,201 shares during the last quarter. SG Americas Securities LLC raised its holdings in ATI by 1,471.8% in the 1st quarter. SG Americas Securities LLC now owns 1,075,368 shares of the basic materials company’s stock worth $156,423,000 after purchasing an additional 1,006,951 shares during the period. Holocene Advisors LP raised its holdings in ATI by 153.7% in the 3rd quarter. Holocene Advisors LP now owns 1,534,114 shares of the basic materials company’s stock worth $124,785,000 after purchasing an additional 929,333 shares during the period. Finally, AQR Capital Management LLC raised its holdings in ATI by 684.9% in the 4th quarter. AQR Capital Management LLC now owns 1,019,840 shares of the basic materials company’s stock worth $117,037,000 after purchasing an additional 889,912 shares during the period.
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.
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