ATI (NYSE:ATI) Sets New 1-Year High – Should You Buy?

Shares of ATI Inc. (NYSE:ATI) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $104.89 and last traded at $105.1030, with a volume of 1337565 shares changing hands. The stock had previously closed at $99.42.

Analysts Set New Price Targets

A number of research firms have recently commented on ATI. Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a report on Wednesday, October 8th. Zacks Research upgraded shares of ATI to a “hold” rating in a report on Tuesday, August 12th. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on shares of ATI in a research note on Wednesday, October 8th. Susquehanna lifted their target price on shares of ATI from $100.00 to $120.00 and gave the company a “positive” rating in a report on Wednesday, October 29th. Finally, BTIG Research reiterated a “buy” rating and set a $120.00 target price on shares of ATI in a report on Wednesday, October 29th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $103.00.

ATI Price Performance

The stock has a market capitalization of $14.24 billion, a P/E ratio of 34.00, a PEG ratio of 1.30 and a beta of 1.08. The company has a 50 day moving average of $93.05 and a 200-day moving average of $85.62. The company has a quick ratio of 1.18, a current ratio of 2.50 and a debt-to-equity ratio of 0.94.

ATI (NYSE:ATI) last issued its earnings results on Tuesday, October 28th. The basic materials company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.10. ATI had a net margin of 9.71% and a return on equity of 23.34%. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the prior year, the company earned $0.60 earnings per share. The firm’s revenue was up 7.1% compared to the same quarter last year. ATI has set its FY 2025 guidance at 3.150-3.21 EPS and its Q4 2025 guidance at 0.840-0.90 EPS. Sell-side analysts predict that ATI Inc. will post 2.89 EPS for the current year.

Insider Buying and Selling

In related news, SVP Tina Killough Busch sold 2,598 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $93.26, for a total value of $242,289.48. Following the sale, the senior vice president owned 21,274 shares of the company’s stock, valued at approximately $1,984,013.24. This trade represents a 10.88% decrease in their position. 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 on Tuesday, November 18th. The stock was sold at an average price of $98.34, for a total value of $5,900,400.00. Following the completion of the sale, the chairman directly owned 246,538 shares in the company, valued at $24,244,546.92. This represents a 19.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 167,387 shares of company stock valued at $15,431,377 over the last quarter. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On ATI

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATI. WPG Advisers LLC bought a new stake in shares of ATI in the 1st quarter worth $29,000. MassMutual Private Wealth & Trust FSB raised its position in ATI by 79.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 386 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 171 shares in the last quarter. Signaturefd LLC boosted its position in shares of ATI by 117.7% during the 2nd quarter. Signaturefd LLC now owns 381 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 206 shares in the last quarter. Meeder Asset Management Inc. grew its stake in shares of ATI by 2,010.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 402 shares during the last quarter. Finally, Prestige Wealth Management Group LLC bought a new position in shares of ATI in the third quarter valued at $34,000.

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.