ATI (NYSE:ATI) Hits New 12-Month High - Here's Why

Key Points

• ATI shares reached a new 52-week high of $239.23, supported by a consensus “Buy” rating and an average analyst price target of $226.12, including Deutsche Bank’s $262 target.
• The company exceeded quarterly expectations, reporting $1.23 in EPS versus $1.03 expected and $1.26 billion in revenue, up 10.6% year over year; ATI also issued positive 2026 earnings guidance.
• Despite institutional purchases during the second quarter, insiders have been selling shares: executives sold 152,199 shares worth approximately $28.2 million over the past 90 days, including a sizable sale by CEO Kimberly A. Fields.

ATI Inc. (NYSE:ATI - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as $239.23 and last traded at $227.56, with a volume of 1375129 shares. The stock had previously closed at $227.84.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ATI shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $262.00 price objective on shares of ATI in a research note on Monday. Wall Street Zen upgraded shares of ATI from a "hold" rating to a "buy" rating in a research report on Saturday. Weiss Ratings raised shares of ATI from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. increased their price target on shares of ATI from $150.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, May 1st. Finally, Zacks Research upgraded shares of ATI from a "hold" rating to a "strong-buy" rating in a research note on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company's stock. According to MarketBeat, ATI has a consensus rating of "Buy" and a consensus price target of $226.12.

ATI Trading Down 0.1%

The firm has a market cap of $31.06 billion, a P/E ratio of 66.73, a price-to-earnings-growth ratio of 1.62 and a beta of 0.98. 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 company's fifty day moving average price is $193.37 and its two-hundred day moving average price is $165.49.

ATI (NYSE:ATI - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.20. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. ATI had a net margin of 10.09% and a return on equity of 29.27%. The company's revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the business posted $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. As a group, sell-side analysts predict that ATI Inc. will post 5.04 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Kimberly A. Fields sold 31,757 shares of the firm's stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $190.99, for a total transaction of $6,065,269.43. Following the completion of the sale, the chief executive officer directly owned 125,564 shares of the company's stock, valued at $23,981,468.36. This trade represents a 20.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 152,199 shares of company stock worth $28,232,700. 0.98% of the stock is owned by corporate insiders.

Institutional Trading of ATI

Several large investors have recently made changes to their positions in the business. Johnson Financial Group Inc. bought a new stake in ATI during the 2nd quarter worth about $108,000. NewEdge Wealth LLC bought a new position in shares of ATI in the second quarter worth about $785,000. Danske Bank A S acquired a new position in shares of ATI during the second quarter worth approximately $7,290,000. Diversify Advisory Services LLC acquired a new position in shares of ATI during the second quarter worth approximately $388,000. Finally, Meeder Advisory Services Inc. acquired a new position in shares of ATI during the second quarter worth approximately $273,000.

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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