Share Buyback Plan Declared by ATI (NYSE:ATI) Board of Directors

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ATI. KeyCorp upped their price target on ATI from $120.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Wall Street Zen downgraded shares of ATI from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Susquehanna set a $155.00 target price on shares of ATI in a research report on Wednesday, February 4th. Alembic Global Advisors assumed coverage on shares of ATI in a research report on Thursday, January 15th. They issued an “overweight” rating and a $141.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $150.00 price objective on shares of ATI in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company’s stock. Based on data from MarketBeat, ATI presently has a consensus rating of “Buy” and a consensus price target of $133.00.

ATI Price Performance

Shares of NYSE:ATI opened at $158.94 on Friday. The company has a 50 day moving average of $125.00 and a 200 day moving average of $99.70. 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 market cap of $21.59 billion, a P/E ratio of 55.96, a P/E/G ratio of 1.54 and a beta of 1.02. ATI has a 12 month low of $39.23 and a 12 month high of $158.99.

ATI (NYSE:ATI) last announced its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.89 by $0.04. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. ATI had a net margin of 8.81% and a return on equity of 24.26%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the firm earned $0.79 EPS. 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, sell-side analysts forecast that ATI will post 2.89 EPS for the current fiscal year.

Insider Activity

In other ATI news, 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 in the company, valued at $14,525,368.48. This represents a 28.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Timothy J. Harris sold 10,542 shares of ATI stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $97.88, for a total value of $1,031,850.96. Following the sale, the vice president owned 98,310 shares of the company’s stock, valued at approximately $9,622,582.80. This trade represents a 9.68% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is owned by insiders.

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.