David Morehouse Sells 2,485 Shares of ATI (NYSE:ATI) Stock

Key Points

• ATI director David Morehouse sold 2,485 shares for approximately $501,001, reducing his direct holdings by 6.49% to 35,826 shares.
• ATI shares recently traded at $210.52, near their 50-day average and below the 52-week high of $243.57. The company reported quarterly EPS of $1.23, beating estimates, while revenue rose 10.6% year over year to $1.26 billion.
• Analyst sentiment remains positive: ATI has an average “Buy” rating and a consensus price target of $232, with several firms recently raising their targets.

ATI Inc. (NYSE:ATI - Get Free Report) Director David Morehouse sold 2,485 shares of the business's stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $201.61, for a total value of $501,000.85. Following the sale, the director directly owned 35,826 shares in the company, valued at $7,222,879.86. This trade represents a 6.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

ATI Price Performance

ATI stock traded up $5.98 during midday trading on Friday, hitting $210.52. 1,789,773 shares of the stock were exchanged, compared to its average volume of 1,883,215. The stock's 50-day moving average price is $201.85 and its 200-day moving average price is $176.50. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.14 and a current ratio of 2.33. The stock has a market cap of $28.67 billion, a price-to-earnings ratio of 61.74, a PEG ratio of 1.22 and a beta of 1.01. ATI Inc. has a fifty-two week low of $74.45 and a fifty-two week high of $243.57.

ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.03 by $0.20. ATI had a return on equity of 29.27% and a net margin of 10.09%.The business had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter last year, the business posted $0.74 earnings per share. The business's revenue for the quarter 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. Research analysts predict that ATI Inc. will post 5.12 earnings per share for the current year.

Hedge Funds Weigh In On ATI

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ATI. California State Teachers Retirement System increased its position in shares of ATI by 19,689.8% during the second quarter. California State Teachers Retirement System now owns 31,220,640 shares of the basic materials company's stock worth $6,153,588,000 after acquiring an additional 31,062,879 shares during the last quarter. BlackRock Inc. purchased a new position in ATI in the second quarter valued at about $3,687,529,000. State Street Corp grew its stake in 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 purchasing an additional 415,479 shares in the last quarter. Capital Research Global Investors increased its holdings in ATI by 12.0% during the 4th 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. Finally, Invesco Ltd. increased its holdings in ATI by 7.4% during the 4th quarter. Invesco Ltd. now owns 3,384,924 shares of the basic materials company's stock worth $388,454,000 after purchasing an additional 233,010 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ATI shares. TD Cowen increased their target price on ATI from $170.00 to $210.00 and gave the company a "buy" rating in a report on Monday, July 13th. Weiss Ratings raised shares of ATI from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, July 9th. KeyCorp raised their price target on shares of ATI from $211.00 to $258.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 12th. Susquehanna boosted their price objective on shares of ATI from $215.00 to $265.00 and gave the company a "positive" rating in a research report on Friday, August 7th. Finally, Zacks Research raised shares of ATI from a "hold" rating to a "strong-buy" rating in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to MarketBeat.com, ATI has an average rating of "Buy" and an average price target of $232.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source