Share Repurchase Plan Initiated by ATI (NYSE:ATI) Board of Directors

ATI (NYSE:ATI) announced that its board has approved a stock buyback plan on Thursday, February 19th, RTT News reports. The company plans to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the basic materials company to repurchase up to 2.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

ATI has been the subject of several research reports. JPMorgan Chase & Co. lifted their target price on ATI from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Alembic Global Advisors began coverage on shares of ATI in a research report on Thursday, January 15th. They set an “overweight” rating and a $141.00 target price on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ATI in a research note on Monday, December 29th. Finally, Wall Street Zen downgraded shares of ATI from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. One equities research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $133.00.

ATI Stock Up 3.0%

NYSE:ATI opened at $153.00 on Friday. The stock has a market cap of $20.79 billion, a price-to-earnings ratio of 53.87, a PEG ratio of 1.50 and a beta of 1.02. The company has a current ratio of 2.66, a quick ratio of 1.27 and a debt-to-equity ratio of 0.90. The stock has a 50-day moving average price of $123.99 and a two-hundred day moving average price of $99.12. ATI has a 1 year low of $39.23 and a 1 year high of $153.75.

ATI (NYSE:ATI) last posted its earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. ATI had a return on equity of 24.26% and a net margin of 8.81%.The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the business earned $0.79 EPS. ATI’s revenue for the quarter was up .4% compared to the same quarter last year. ATI has set its FY 2026 guidance at 3.990-4.270 EPS and its Q1 2026 guidance at 0.830-0.890 EPS. As a group, equities analysts expect that ATI will post 2.89 earnings per share for the current year.

Insiders Place Their Bets

In other ATI news, VP Timothy J. Harris sold 10,542 shares of the stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $97.88, for a total transaction of $1,031,850.96. Following the completion of the transaction, the vice president owned 98,310 shares in the company, valued at approximately $9,622,582.80. This represents a 9.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Robert S. Wetherbee sold 53,862 shares of the company’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $109.48, for a total value of $5,896,811.76. Following the transaction, the chairman directly owned 132,676 shares of the company’s stock, valued at $14,525,368.48. This represents a 28.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by corporate insiders.

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.