ATI (NYSE:ATI) Stock Price Up 14% Following Strong Earnings

Key Points

• ATI shares jumped 14% after the company reported quarterly EPS of $1.23, surpassing the $1.03 consensus estimate. Revenue increased 10.6% year over year, while management issued Q3 and full-year 2026 EPS guidance.
• Analysts remain broadly positive, with the stock holding a consensus “Buy” rating and two Strong Buy recommendations. However, the $187.62 average price target is below the stock’s reported trading level near $234.
• Institutional investors increased their ATI holdings, but insiders have been selling shares: executives sold 192,199 shares worth approximately $34.6 million in the last quarter, including a 59,749-share sale by CEO Kimberly A. Fields.

Shares of ATI Inc. (NYSE:ATI - Get Free Report) were up 14% during trading on Thursday following a stronger than expected earnings report. The stock traded as high as $235.35 and last traded at $233.8460. 499,364 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 1,868,962 shares. The stock had previously closed at $205.11.

The basic materials company reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.03 by $0.20. ATI had a net margin of 9.26% and a return on equity of 26.44%. During the same quarter last year, the firm posted $0.74 EPS. The firm's revenue was up 10.6% on a year-over-year basis. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Zacks Research raised shares of ATI from a "hold" rating to a "strong-buy" rating in a research note on Thursday, June 25th. Wall Street Zen downgraded shares of ATI from a "buy" rating to a "hold" rating in a report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $194.00 target price on shares of ATI in a research note on Friday, May 1st. Susquehanna lifted their price target on ATI from $185.00 to $215.00 and gave the stock a "positive" rating in a research note on Thursday, July 9th. Finally, JPMorgan Chase & Co. upped their price objective on ATI from $150.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $187.62.

Insider Activity

In related news, CEO Kimberly A. Fields sold 59,749 shares of ATI 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 transaction, the chief executive officer directly owned 218,014 shares of the company's stock, valued at $39,039,766.98. The trade was a 21.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 192,199 shares of company stock valued at $34,601,100 in the last quarter. 0.98% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ATI

A number of large investors have recently made changes to their positions in the business. State Street Corp boosted its holdings in shares of ATI by 7.4% during the 3rd quarter. State Street Corp now owns 6,042,244 shares of the basic materials company's stock valued at $491,476,000 after buying an additional 415,479 shares in the last quarter. Capital Research Global Investors raised its stake in shares of ATI by 12.0% in the fourth quarter. Capital Research Global Investors now owns 3,611,724 shares of the basic materials company's stock worth $414,481,000 after purchasing an additional 386,754 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of ATI by 7.4% during the fourth quarter. Invesco Ltd. now owns 3,384,924 shares of the basic materials company's stock valued at $388,454,000 after purchasing an additional 233,010 shares in the last quarter. Norges Bank purchased a new position in ATI in the 4th quarter worth about $198,787,000. Finally, Bank of America Corp DE raised its position in ATI by 70.8% in the 1st quarter. Bank of America Corp DE now owns 1,364,941 shares of the basic materials company's stock worth $198,544,000 after buying an additional 565,867 shares during the last quarter.

ATI Stock Up 13.6%

The company's 50 day simple moving average is $190.30 and its 200-day simple moving average is $163.33. The company has a current ratio of 2.67, a quick ratio of 1.17 and a debt-to-equity ratio of 0.95. The firm has a market cap of $31.80 billion, a P/E ratio of 77.27, a PEG ratio of 1.59 and a beta of 0.98.

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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