ATI (NYSE:ATI) Reaches New 52-Week High After Better-Than-Expected Earnings

ATI Inc. (NYSE:ATI) shares hit a new 52-week high during mid-day trading on Tuesday following a stronger than expected earnings report. The stock traded as high as $103.64 and last traded at $101.4690, with a volume of 952980 shares trading hands. The stock had previously closed at $91.71.

The basic materials company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.10. ATI had a net margin of 9.26% and a return on equity of 21.34%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the firm posted $0.60 EPS. The company’s revenue was up 7.1% on a year-over-year basis. ATI has set its FY 2025 guidance at 3.150-3.21 EPS. Q4 2025 guidance at 0.840-0.90 EPS.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ATI shares. Barclays lifted their price target on shares of ATI from $75.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Zacks Research raised ATI to a “hold” rating in a research report on Tuesday, August 12th. Deutsche Bank Aktiengesellschaft set a $98.00 target price on ATI in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on ATI from $75.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a report on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $90.86.

Insider Transactions at ATI

In other ATI news, Director David J. Morehouse sold 7,900 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $75.81, for a total value of $598,899.00. Following the completion of the transaction, the director owned 44,777 shares in the company, valued at $3,394,544.37. This represents a 15.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kimberly A. Fields sold 21,153 shares of the stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $85.87, for a total transaction of $1,816,408.11. Following the completion of the sale, the chief executive officer directly owned 202,668 shares of the company’s stock, valued at $17,403,101.16. This trade represents a 9.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 136,460 shares of company stock valued at $10,750,979 over the last quarter. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ATI. Invesco Ltd. increased its stake in ATI by 3.3% during the 1st quarter. Invesco Ltd. now owns 4,850,439 shares of the basic materials company’s stock worth $252,368,000 after buying an additional 153,939 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of ATI by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,617,314 shares of the basic materials company’s stock valued at $136,164,000 after acquiring an additional 59,811 shares in the last quarter. Geode Capital Management LLC increased its position in shares of ATI by 2.4% during the second quarter. Geode Capital Management LLC now owns 2,435,916 shares of the basic materials company’s stock worth $210,353,000 after acquiring an additional 57,883 shares during the last quarter. Norges Bank acquired a new position in shares of ATI in the second quarter worth about $146,726,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of ATI by 0.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,497,433 shares of the basic materials company’s stock worth $129,288,000 after acquiring an additional 4,917 shares in the last quarter.

ATI Stock Performance

The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.20 and a current ratio of 2.52. The company has a 50 day moving average price of $80.21 and a 200 day moving average price of $77.70. The company has a market capitalization of $13.58 billion, a PE ratio of 34.20, a PEG ratio of 1.37 and a beta of 1.29.

About ATI

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.