ATI (NYSE:ATI) Trading Down 4.8% – What’s Next?

ATI Inc. (NYSE:ATI)’s share price dropped 4.8% during trading on Wednesday . The company traded as low as $154.58 and last traded at $151.3950. Approximately 101,404 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 1,972,844 shares. The stock had previously closed at $158.95.

Analyst Ratings Changes

ATI has been the subject of several recent analyst reports. BTIG Research raised their price target on ATI from $120.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $150.00 price target on shares of ATI in a report on Wednesday, February 4th. Alembic Global Advisors initiated coverage on ATI in a report on Thursday, January 15th. They issued an “overweight” rating and a $141.00 price target for the company. KeyCorp raised their price target on ATI from $140.00 to $167.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Finally, Zacks Research downgraded ATI from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $152.88.

ATI Stock Performance

The company has a debt-to-equity ratio of 0.90, a current ratio of 2.66 and a quick ratio of 1.27. The firm has a market cap of $20.76 billion, a price-to-earnings ratio of 53.53, a P/E/G ratio of 1.62 and a beta of 1.00. The firm has a fifty day simple moving average of $152.42 and a two-hundred day simple moving average of $122.73.

ATI (NYSE:ATI) last released its earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. ATI had a return on equity of 24.26% and a net margin of 8.81%.The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the company posted $0.79 earnings per share. The company’s revenue was up .4% compared to the same quarter last year. ATI has set its FY 2026 guidance at 3.990-4.270 EPS and its Q1 2026 guidance at 0.830-0.890 EPS. On average, analysts expect that ATI Inc. will post 4.18 EPS for the current year.

ATI announced that its board has approved a share buyback program on Thursday, February 19th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the basic materials company to buy up to 2.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at ATI

In related news, Director David J. Morehouse sold 6,609 shares of ATI stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $154.25, for a total transaction of $1,019,438.25. Following the completion of the sale, the director owned 38,168 shares of the company’s stock, valued at $5,887,414. The trade was a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.98% of the stock is owned by company insiders.

Institutional Investors Weigh In On ATI

A number of institutional investors and hedge funds have recently modified their holdings of the company. Pictet Asset Management Holding SA lifted its holdings in shares of ATI by 6.7% during the first quarter. Pictet Asset Management Holding SA now owns 22,141 shares of the basic materials company’s stock worth $3,221,000 after purchasing an additional 1,389 shares during the period. SmartHarvest Portfolios LLC acquired a new stake in shares of ATI during the first quarter worth about $249,000. Louisiana State Employees Retirement System acquired a new stake in shares of ATI during the first quarter worth about $5,731,000. Fairvoy Private Wealth LLC purchased a new position in ATI during the first quarter valued at approximately $879,000. Finally, Kestra Private Wealth Services LLC raised its position in ATI by 33.4% during the first quarter. Kestra Private Wealth Services LLC now owns 13,011 shares of the basic materials company’s stock valued at $1,893,000 after acquiring an additional 3,260 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.