Kimberly Fields Sells 59,749 Shares of ATI (NYSE:ATI) Stock

ATI Inc. (NYSE:ATI) CEO Kimberly Fields sold 59,749 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the completion of the sale, the chief executive officer owned 218,014 shares in the company, valued at $39,039,766.98. This represents a 21.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

ATI Stock Performance

ATI stock traded up $1.23 on Thursday, hitting $181.17. The company had a trading volume of 1,181,081 shares, compared to its average volume of 1,699,423. The stock’s 50-day simple moving average is $158.29 and its 200 day simple moving average is $137.73. The stock has a market cap of $24.72 billion, a price-to-earnings ratio of 59.99, a P/E/G ratio of 1.55 and a beta of 0.96. ATI Inc. has a 12-month low of $70.42 and a 12-month high of $183.30. The company has a current ratio of 2.67, a quick ratio of 1.17 and a debt-to-equity ratio of 0.95.

ATI (NYSE:ATI) last issued its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.12. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.19 billion. ATI had a net margin of 9.26% and a return on equity of 26.44%. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company posted $0.72 EPS. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. As a group, equities research analysts expect that ATI Inc. will post 4.43 earnings per share for the current fiscal year.

ATI declared that its Board of Directors has authorized a stock buyback program on Thursday, February 19th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the basic materials company to reacquire up to 2.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Trading of ATI

Hedge funds have recently made changes to their positions in the business. Channing Capital Management LLC raised its position in shares of ATI by 34.2% during the 3rd quarter. Channing Capital Management LLC now owns 1,109,160 shares of the basic materials company’s stock valued at $90,219,000 after buying an additional 282,529 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in ATI by 53.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 25,648 shares of the basic materials company’s stock worth $3,103,000 after purchasing an additional 8,939 shares during the period. Nordea Investment Management AB purchased a new stake in ATI in the 4th quarter worth about $6,114,000. First Financial Bankshares Inc purchased a new stake in ATI in the 3rd quarter worth about $1,589,000. Finally, Intech Investment Management LLC raised its position in ATI by 96.6% in the 3rd quarter. Intech Investment Management LLC now owns 52,090 shares of the basic materials company’s stock worth $4,237,000 after purchasing an additional 25,590 shares during the period.

Analysts Set New Price Targets

ATI has been the topic of several analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of ATI in a research note on Friday, May 22nd. Wells Fargo & Company initiated coverage on shares of ATI in a research note on Wednesday, April 1st. They set an “overweight” rating and a $175.00 target price on the stock. Zacks Research cut shares of ATI from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. JPMorgan Chase & Co. lifted their target price on shares of ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Wall Street Zen cut shares of ATI from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $164.38.

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.