ATI (NYSE:ATI – Get Free Report) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Monday.
ATI has been the subject of several other reports. TD Cowen raised their target price on shares of ATI from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. KeyCorp increased their price objective on shares of ATI from $175.00 to $211.00 and gave the company an “overweight” rating in a report on Tuesday, June 30th. Susquehanna raised their price objective on ATI from $185.00 to $215.00 and gave the company a “positive” rating in a research report on Thursday, July 9th. Finally, Weiss Ratings upgraded ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. Based on data from MarketBeat, ATI currently has an average rating of “Buy” and an average price target of $176.78.
Read Our Latest Stock Analysis on ATI
ATI Stock Up 5.7%
ATI (NYSE:ATI – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.12. ATI had a net margin of 9.26% and a return on equity of 26.44%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the firm posted $0.72 EPS. 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. Research analysts predict that ATI will post 4.49 EPS for the current fiscal year.
Insider Buying and Selling at ATI
In related news, CEO Kimberly A. Fields sold 59,749 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total value of $10,699,253.43. Following the sale, the chief executive officer owned 218,014 shares in the company, valued at approximately $39,039,766.98. The trade was a 21.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 160,442 shares of company stock valued at $28,535,831 over the last ninety days. Company insiders own 0.98% of the company’s stock.
Hedge Funds Weigh In On ATI
A number of institutional investors and hedge funds have recently made changes to their positions in the business. CoreCap Advisors LLC bought a new stake in shares of ATI in the 2nd quarter worth about $30,000. Signature Equity Partners LLC lifted its holdings 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 valued at $26,000 after acquiring an additional 123 shares during the last quarter. True Wealth Design LLC grew its position in ATI by 642.9% in the fourth quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 225 shares in the last quarter. Summit Securities Group LLC purchased a new position in ATI in the first quarter worth about $60,000. Finally, Hollencrest Capital Management increased its stake in ATI by 283.1% during the first quarter. Hollencrest Capital Management now owns 452 shares of the basic materials company’s stock worth $66,000 after acquiring an additional 334 shares during the last quarter.
ATI Company Profile
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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