ATI Inc. (NYSE:ATI – Get Free Report) VP Timothy Harris sold 16,500 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $210.01, for a total value of $3,465,165.00. Following the completion of the transaction, the vice president directly owned 130,187 shares in the company, valued at approximately $27,340,571.87. The trade was a 11.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
ATI Stock Up 2.9%
Shares of ATI stock opened at $210.52 on Friday. The firm has a market cap of $28.67 billion, a price-to-earnings ratio of 61.74, a P/E/G ratio of 1.24 and a beta of 1.01. The stock has a 50-day simple moving average of $202.12 and a 200-day simple moving average of $176.74. ATI Inc. has a 52-week low of $74.45 and a 52-week high of $243.57. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.33 and a quick ratio of 1.14.
ATI (NYSE:ATI – Get Free Report) last posted its earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.20. ATI had a net margin of 10.09% and a return on equity of 29.27%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the company earned $0.74 earnings per share. The company’s revenue was up 10.6% compared to the same quarter last year. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. On average, equities research analysts expect that ATI Inc. will post 5.11 earnings per share for the current fiscal year.
Hedge Funds Weigh In On ATI
Wall Street Analyst Weigh In
Several research firms have recently issued reports on ATI. Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Susquehanna boosted their target price on ATI from $215.00 to $265.00 and gave the stock a “positive” rating in a report on Friday, August 7th. Weiss Ratings upgraded ATI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. TD Cowen boosted their price objective on shares of ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Finally, KeyCorp upped their price objective on shares of ATI from $211.00 to $258.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $232.00.
Check Out Our Latest Report on ATI
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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