ATI (NYSE:ATI) Research Coverage Started at Alembic Global Advisors

Alembic Global Advisors began coverage on shares of ATI (NYSE:ATI) in a research note published on Thursday morning, MarketBeat.com reports. The brokerage issued an overweight rating and a $141.00 price objective on the basic materials company’s stock.

Other analysts also recently issued research reports about the company. BTIG Research restated a “buy” rating and issued a $120.00 price target on shares of ATI in a research note on Wednesday, October 29th. KeyCorp raised their price target on ATI from $120.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ATI in a research report on Monday, December 29th. JPMorgan Chase & Co. increased their price objective on shares of ATI from $118.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, December 19th. Finally, Susquehanna raised their price objective on shares of ATI from $100.00 to $120.00 and gave the company a “positive” rating in a research note on Wednesday, October 29th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $117.75.

ATI Stock Down 0.9%

NYSE:ATI opened at $124.31 on Thursday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.50 and a quick ratio of 1.18. The firm’s 50-day moving average price is $108.66 and its 200-day moving average price is $92.16. The company has a market capitalization of $16.89 billion, a PE ratio of 40.23, a P/E/G ratio of 1.19 and a beta of 1.02. ATI has a 1-year low of $39.23 and a 1-year high of $127.11.

ATI (NYSE:ATI) last posted its quarterly earnings data on Tuesday, October 28th. The basic materials company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.75 by $0.10. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. ATI had a net margin of 9.71% and a return on equity of 23.34%. ATI’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 earnings per share. 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, equities analysts predict that ATI will post 2.89 EPS for the current fiscal year.

Insider Activity

In other ATI news, SVP Tina Killough Busch sold 2,598 shares of the business’s stock in a transaction 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 sale, the senior vice president directly owned 21,274 shares in the company, valued at approximately $1,984,013.24. The trade was a 10.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Timothy J. Harris sold 10,543 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $97.69, for a total value of $1,029,945.67. Following the completion of the transaction, the vice president directly owned 119,394 shares in the company, valued at approximately $11,663,599.86. This represents a 8.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 158,630 shares of company stock valued at $16,144,855 over the last three months. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On ATI

Institutional investors have recently made changes to their positions in the business. Perigon Wealth Management LLC bought a new stake in ATI during the fourth quarter valued at approximately $263,000. Tema Etfs LLC raised its position in ATI by 2.8% in the fourth quarter. Tema Etfs LLC now owns 78,117 shares of the basic materials company’s stock worth $8,965,000 after acquiring an additional 2,101 shares during the period. Nilsine Partners LLC purchased a new position in shares of ATI during the 4th quarter worth $1,369,000. AA Financial Advisors LLC purchased a new position in shares of ATI during the 4th quarter worth $233,000. Finally, Hennion & Walsh Asset Management Inc. grew its position in shares of ATI by 65.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 25,214 shares of the basic materials company’s stock valued at $2,894,000 after acquiring an additional 10,004 shares during the period.

ATI Company Profile

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.