ATI (NYSE:ATI) Reaches New 52-Week High – Should You Buy?

ATI Inc. (NYSE:ATI)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $123.96 and last traded at $122.50, with a volume of 168811 shares traded. The stock had previously closed at $120.84.

Wall Street Analysts Forecast Growth

ATI has been the subject of a number of research reports. KeyCorp upgraded shares of ATI from a “sector weight” rating to an “overweight” rating and set a $120.00 target price for the company in a research report on Thursday, November 13th. JPMorgan Chase & Co. raised their price objective on shares of ATI from $118.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, December 19th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ATI in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft set a $98.00 target price on ATI in a report on Wednesday, October 8th. Finally, BTIG Research reissued a “buy” rating and issued a $120.00 price target on shares of ATI in a report on Wednesday, October 29th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $109.14.

ATI Trading Up 3.2%

The business has a 50 day simple moving average of $105.94 and a two-hundred day simple moving average of $90.75. The company has a current ratio of 2.50, a quick ratio of 1.18 and a debt-to-equity ratio of 0.94. The company has a market cap of $16.62 billion, a PE ratio of 39.59, a price-to-earnings-growth ratio of 1.14 and a beta of 1.02.

ATI (NYSE:ATI) last announced its quarterly earnings data on Tuesday, October 28th. The basic materials company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.10. ATI had a return on equity of 23.34% and a net margin of 9.71%.The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the business earned $0.60 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. ATI has set its FY 2025 guidance at 3.150-3.21 EPS and its Q4 2025 guidance at 0.840-0.90 EPS. On average, analysts forecast that ATI Inc. will post 2.89 EPS for the current fiscal year.

Insider Activity at ATI

In related news, SVP Tina Killough Busch sold 2,598 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $93.26, for a total transaction of $242,289.48. Following the completion of the transaction, the senior vice president owned 21,274 shares of the company’s stock, valued at approximately $1,984,013.24. This represents a 10.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Robert S. Wetherbee sold 60,000 shares of the stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $98.34, for a total transaction of $5,900,400.00. Following the transaction, the chairman directly owned 246,538 shares in the company, valued at approximately $24,244,546.92. This represents a 19.57% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 179,783 shares of company stock worth $17,961,263. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Lido Advisors LLC lifted its position in shares of ATI by 2.7% in the 3rd quarter. Lido Advisors LLC now owns 3,784 shares of the basic materials company’s stock worth $308,000 after acquiring an additional 101 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of ATI by 2.4% in the third quarter. Sequoia Financial Advisors LLC now owns 4,424 shares of the basic materials company’s stock valued at $360,000 after purchasing an additional 102 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in ATI by 12.1% in the third quarter. Smartleaf Asset Management LLC now owns 1,090 shares of the basic materials company’s stock worth $86,000 after purchasing an additional 118 shares during the period. Fifth Third Bancorp lifted its position in ATI by 11.4% in the second quarter. Fifth Third Bancorp now owns 1,252 shares of the basic materials company’s stock worth $108,000 after purchasing an additional 128 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in ATI by 10.9% during the second quarter. Farther Finance Advisors LLC now owns 1,459 shares of the basic materials company’s stock worth $126,000 after buying an additional 143 shares in the last quarter.

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.