ATI (NYSE:ATI) Trading Up 5.3% - Still a Buy?

Key Points

• ATI Inc.'s share price has increased by 5.3%, reaching a high of $82.43, with a recent trading price of $81.53.
• Multiple analysts upgraded ATI's stock ratings, with JPMorgan Chase setting a new target price of $92.00 and Barclays raising theirs to $90.00.
• Insider trading activity included significant sales by Chairman Robert S. Wetherbee and Director David J. Morehouse, with Wetherbee reducing his holdings by 14.02%.

ATI Inc. (NYSE:ATI - Get Free Report)'s share price was up 5.3% during trading on Friday . The stock traded as high as $82.43 and last traded at $81.53. Approximately 546,507 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 2,011,292 shares. The stock had previously closed at $77.41.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ATI shares. JPMorgan Chase & Co. increased their target price on ATI from $75.00 to $92.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Barclays increased their target price on ATI from $75.00 to $90.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Zacks Research raised ATI to a "hold" rating in a research note on Tuesday, August 12th. Deutsche Bank Aktiengesellschaft set a $115.00 price objective on ATI and gave the company a "hold" rating in a research note on Tuesday, July 8th. Finally, BTIG Research reaffirmed a "buy" rating and set a $120.00 price objective on shares of ATI in a research note on Friday, September 12th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $93.29.

ATI Stock Up 7.5%

The company's fifty day moving average price is $79.23 and its 200-day moving average price is $71.91. The stock has a market capitalization of $11.47 billion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 1.05 and a beta of 1.27. The company has a quick ratio of 1.20, a current ratio of 2.52 and a debt-to-equity ratio of 0.92.

ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.02. ATI had a net margin of 9.26% and a return on equity of 21.34%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the business earned $0.60 EPS. The firm's revenue for the quarter was up 4.1% on a year-over-year basis. ATI has set its FY 2025 guidance at 2.900-3.07 EPS. Q3 2025 guidance at 0.690-0.75 EPS. Analysts forecast that ATI Inc. will post 2.89 earnings per share for the current year.

Insider Buying and Selling at ATI

In other ATI news, Chairman Robert S. Wetherbee sold 50,000 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $74.66, for a total transaction of $3,733,000.00. Following the completion of the sale, the chairman directly owned 306,538 shares in the company, valued at approximately $22,886,127.08. The trade was a 14.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David J. Morehouse sold 7,900 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $75.81, for a total transaction of $598,899.00. Following the sale, the director owned 44,777 shares of the company's stock, valued at approximately $3,394,544.37. This represents a 15.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 94,153 shares of company stock worth $7,199,308. Insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On ATI

A number of hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. grew its position in shares of ATI by 82.5% during the 2nd quarter. Osaic Holdings Inc. now owns 21,305 shares of the basic materials company's stock valued at $1,839,000 after acquiring an additional 9,634 shares during the period. Cape Investment Advisory Inc. purchased a new stake in ATI in the 2nd quarter worth $131,000. FORA Capital LLC purchased a new stake in ATI in the 2nd quarter worth $3,292,000. Tidal Investments LLC purchased a new stake in shares of ATI during the 2nd quarter valued at about $389,000. Finally, Rafferty Asset Management LLC purchased a new stake in shares of ATI during the 2nd quarter valued at about $3,369,000.

ATI Company Profile

ATI Inc produces and sells specialty materials and complex components worldwide. It operates in two segments: High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S). The HPMC segment produces various materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, metallic powder alloys, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, as well as precision forgings, components, and machined parts.

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