Allegheny Technologies Incorporated manufactures and sells specialty materials and components worldwide. The company operates in two segments, High Performance Materials & Components and Advanced Alloys & Solutions. The company produces high performance materials, including titanium and titanium-based alloys; nickel-and cobalt-based alloys and superalloys; zirconium and related alloys, such as hafnium and niobium; powder alloys; and other specialty materials in long product forms of ingots, billets, bars, rods, wires, and shapes and rectangles, as well as seamless tubes, plus precision forgings, castings, components, and machined parts to the aerospace and defense, medical, oil and gas, and electrical energy markets. It also provides stainless steel, nickel-based alloys, specialty alloys, and titanium and titanium-based alloys in various product forms, including plate, sheet, and precision rolled strip products to various markets, such as chemical and hydrocarbon processing,. Allegheny Technologies Incorporated was founded in 1960 and is based in Pittsburgh, Pennsylvania.
IPO Year:
Exchange: NYSE
Website: atimetals.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/24/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 9/5/2024 | $75.00 | Positive | Susquehanna |
| 6/26/2024 | $70.00 | Buy | BTIG Research |
| 6/14/2024 | Neutral → Sell | Northcoast | |
| 4/11/2024 | $70.00 | Buy | Deutsche Bank |
| 7/20/2023 | $54.00 | Buy | Northcoast |
| 8/5/2022 | $33.00 | Peer Perform → Outperform | Wolfe Research |
| 2/18/2022 | $26.00 → $30.00 | Buy | Benchmark |
| 2/18/2022 | $26.00 → $28.00 | Overweight | Keybanc |
| 2/7/2022 | $23.00 → $29.00 | Overweight | Barclays |
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Robert S. Wetherbee becomes Executive Chairman DALLAS, July 1, 2024 /PRNewswire/ -- Kimberly A. Fields today became President and CEO of ATI Inc. (NYSE:ATI). In a planned leadership transition, she succeeds Robert S. "Bob" Wetherbee, who becomes Executive Chairman. Fields served as ATI's Chief Operating Officer since 2022, becoming President in July 2023. During Kim's tenure, ATI has grown as one integrated operation, sharpening its operational advantages, increasing capacity and capability for the extraordinary materials customers value most. "I'm honored to lead this fantas
Ninth consecutive quarter with sales in excess of $1 billion Q3 2024 sales of $1.05 billionQ3 2024 net income attributable to ATI of $82.7 million, or $0.57 per shareAerospace & defense represent 62% of Q3 2024 salesFull year 2024 guidance updated Non-GAAP Information*Q3 adjusted net income attributable to ATI of $85.9 million, or $0.60 per shareQ3 2024 ATI adjusted EBITDA of $185.7 million, or 17.7% of sales, up 100 basis points sequentiallyDALLAS, Oct. 29, 2024 /PRNewswire/ -- ATI Inc. (NYSE: ATI) reported third quarter 2024 results, with sales of $1.05 billion and net income attributable to ATI of $82.7 million, or $0.57 per share.
DALLAS, Oct. 1, 2024 /PRNewswire/ -- ATI (NYSE: ATI) has scheduled the live webcast for its third quarter 2024 earnings conference call on Tuesday, October 29, 2024, at 7:30 a.m. CT (8:30 a.m. ET). Third quarter 2024 results are scheduled to be published prior to the call at 6:30 a.m. CT (7:30 a.m. ET). The conference call will be broadcast, and accompanying presentation slides will be available, at ATImaterials.com. To access the broadcast, visit ATImaterials.com and select "Conference Call." The conference call replay will be available on ATImaterials.com. ATI: Proven to Pe
Strong performance in Aerospace & Defense propels sequential growth Q2 2024 sales of $1.1 billion, up 5% from Q1 2024Q2 2024 net income attributable to ATI of $81.9 million, or $0.58 per share, up 26% from Q1 2024Aerospace & defense represent 62% of Q2 2024 sales, up from 59% of Q1 2024 salesNon-GAAP Information*Q2 adjusted net income attributable to ATI of $86.0 million or $0.60 per shareQ2 2024 ATI adjusted EBITDA of $182.6 million, or 16.7% of salesDALLAS, Aug. 6, 2024 /PRNewswire/ -- ATI Inc. (NYSE:ATI) reported second quarter 2024 results, with sales of $1.10 billion and net income attributable to ATI of $81.9 million, or $0.58 per share.
DALLAS, July 2, 2024 /PRNewswire/ -- ATI (NYSE:ATI) has scheduled the live webcast for its second quarter 2024 earnings conference call on Tuesday, August 6, 2024, at 7:30 a.m. CT (8:30 a.m. ET). Second quarter 2024 results are scheduled to be published prior to the call at 6:30 a.m. CT (7:30 a.m. ET). The conference call will be broadcast, and accompanying presentation slides will be available, at ATImaterials.com. To access the broadcast, visit ATImaterials.com and select "Conference Call." Conference call replay will be available on ATImaterials.com. ATI: Proven to Perform
Continued strong year-over-year revenue growth in aerospace and defense Q1 2024 sales of $1.04 billion, up modestly from Q1 2023Q1 2024 net income attributable to ATI of $66.1 million, or $0.46 per shareAerospace and defense represent $616 million of Q1 2024 sales, up from $576 million of Q1 2023 salesNon-GAAP Information*Q1 adjusted net income attributable to ATI of $68.4 million or $0.48 per shareQ1 2024 ATI adjusted EBITDA of $151 million, or 14.5% of salesDALLAS, April 30, 2024 /PRNewswire/ -- ATI Inc. (NYSE:ATI) reported first quarter 2024 results, with sales of $1.04 billion and net income attributable to ATI of $66.1 million, or $0.46 per share.
DALLAS, April 2, 2024 /PRNewswire/ -- ATI (NYSE:ATI) has scheduled the live webcast for its first quarter 2024 earnings conference call on Tuesday, April 30, 2024, at 7:30 a.m. CT (8:30 a.m. ET). First quarter 2024 results are scheduled to be published prior to the call at 6:30 a.m. CT (7:30 a.m. ET). The conference call will be broadcast, and accompanying presentation slides will be available, at ATImaterials.com. To access the broadcast, visit ATImaterials.com and select "Conference Call." Conference call replay will be available on ATImaterials.com. ATI: Proven to Perform.
Continued strong performance and year-over-year revenue growth in aerospace and defense Q4 2023 sales of $1.06 billion, up 5% over Q4 2022; full year 2023 sales of $4.17 billion, up 9% over full year 2022Q4 2023 net income attributable to ATI of $145.7 million, or $0.99 per share; full year 2023 net income attributable to ATI of $410.8 million, or $2.81 per shareAerospace and defense represent 63% of Q4 2023 sales, up from 61% of Q3 2023 sales and 53% of Q4 2022 salesFull year operating cash flow of $85.9 million, including $272.0 million of defined benefit pension plan contributionsNon-GAAP Information**Q4 adjusted net income attributable to ATI of $93.0 million or $0.64 per shareQ4 2023 AT
DALLAS, Jan. 4, 2024 /PRNewswire/ -- ATI (NYSE: ATI) will webcast its fourth quarter and full year 2023 conference call with the financial community on Thursday, February 1, 2024, at 9:30 a.m. CT (10:30 a.m. ET). Results will be released prior to the market opening on February 1. The live audio webcast (with subsequent replay), and accompanying presentation slides, will be available at www.ATImaterials.com/investors; select "Webcast." ATI: Proven to Perform. ATI (NYSE:ATI) is a global producer of high performance materials and solutions for the global aerospace and defense ma
DALLAS, Sept. 28, 2023 /PRNewswire/ -- ATI (NYSE:ATI) will provide live internet listening access to its conference call with the financial community scheduled for Thursday, November 2, 2023, at 9:30 a.m. CT (10:30 a.m. ET). The conference call will be conducted after the Company's planned release of third quarter results. The conference call will be broadcast, and accompanying presentation slides will be available, at ATImaterials.com. To access the broadcast, visit ATImaterials.com and select "Conference Call." Conference call replay will be available on ATImaterials.com. AT
Strong performance in Aerospace & Defense propels sequential and year over year growth Q2 2023 sales of $1.05 billion up 1% over Q1 2023 and 9% higher than Q2 2022Q2 2023 net income attributable to ATI of $76.0 million, or $0.52 per shareAerospace and defense represent 58% of Q2 2023 sales, up from 56% of Q1 2023 sales and up from 46% of Q2 2022 salesNon-GAAP informationQ2 2023 adjusted net income attributable to ATI of $86.2 million, and adjusted EPS of $0.59 per shareQ2 2023 ATI adjusted EBITDA was $149.8 million, or 14.3% of salesDALLAS, Aug. 2, 2023 /PRNewswire/ -- ATI Inc. (NYSE: ATI) reported second quarter 2023 results, with sales of $1.05 billion and net income attributable to ATI of
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ATI's (NYSE:ATI) short percent of float has fallen 7.32% since its last report. The company recently reported that it has 6.85 million shares sold short, which is 9.49% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.84 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is importa
Ratings for ATI (NYSE:ATI) were provided by 5 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 3 0 0 0 Last 30D 1 0 0 0 0 1M Ago 1 0 0 0 0 2M Ago 0 1 0 0 0 3M Ago 0 2 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $68.8, along with a high estimate of $80.00 and a low estimate of $58.00. This upward trend is apparent, with the current avera
Benchmark analyst Josh Sullivan maintains ATI (NYSE:ATI) with a Buy and raises the price target from $56 to $80.
Robert S. Wetherbee becomes Executive ChairmanDALLAS, July 1, 2024 /PRNewswire/ -- Kimberly A. Fields today became President and CEO of ATI Inc. (NYSE:ATI). In a planned leadership transition, she succeeds Robert S. "Bob" Wetherbee, who becomes Executive Chairman.Fields served as ATI's Chief Operating Officer since 2022, becoming President in July 2023. During Kim's tenure, ATI has grown as one integrated operation, sharpening its operational advantages, increasing capacity and capability for the extraordinary materials customers value most.
In the last three months, 5 analysts have published ratings on ATI (NYSE:ATI), offering a diverse range of perspectives from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 3 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 1 0 0 0 2M Ago 0 1 0 0 0 3M Ago 1 1 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $66.8, a high estimate of $70.00, and a low estimate of $58.00. This upward trend is evi
BTIG analyst Andre Madrid initiates coverage on ATI (NYSE:ATI) with a Buy rating and announces Price Target of $70.
ATI (NYSE:ATI) has outperformed the market over the past 5 years by 3.86% on an annualized basis producing an average annual return of 16.86%. Currently, ATI has a market capitalization of $6.88 billion. Buying $1000 In ATI: If an investor had bought $1000 of ATI stock 5 years ago, it would be worth $2,188.89 today based on a price of $55.25 for ATI at the time of writing. ATI's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an editor.
Shares of AMMO, Inc. (NASDAQ:POWW) fell sharply during Friday's session following fourth-quarter results. AMMO reported a fourth-quarter profit of 1 cent per share, compared to market expectations for a loss of 1 cent per share. The company reported quarterly sales of $40.42 million topping estimates of $37.90 million, according to data from Benzinga Pro. AMMO shares dipped 19.1% to $2.0306 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) shares jumped 345% to $6.06. SRIVARU Holding Limited (NASDAQ:SVMH) gained 150% to $0.3852 after the company announced it will begin accepting paid reserva
Northcoast Research analyst Chris Olin downgrades ATI (NYSE:ATI) from Buy to Neutral.
ATI (NYSE:ATI) has outperformed the market over the past 5 years by 7.49% on an annualized basis producing an average annual return of 20.82%. Currently, ATI has a market capitalization of $7.52 billion. Buying $1000 In ATI: If an investor had bought $1000 of ATI stock 5 years ago, it would be worth $2,768.67 today based on a price of $60.43 for ATI at the time of writing. ATI's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an editor.
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Sharpens focus on strategic aerospace and defense markets, streamlines operations DALLAS, Nov. 6, 2024 /PRNewswire/ -- ATI Inc. (NYSE:ATI) announced it completed the sale of its precision rolled strip operations in New Bedford, Massachusetts and Remscheid, Germany to Ulbrich Stainless Steels and Special Metals, Inc. (Ulbrich). "With this divestiture, ATI sharpens its focus on providing our aerospace and defense customers with the titanium, nickel, and alloyed products that are rolled, melted and/or finished throughout Specialty Rolled Products facilities," said Kimberly A. Fi
Ninth consecutive quarter with sales in excess of $1 billion Q3 2024 sales of $1.05 billionQ3 2024 net income attributable to ATI of $82.7 million, or $0.57 per shareAerospace & defense represent 62% of Q3 2024 salesFull year 2024 guidance updated Non-GAAP Information*Q3 adjusted net income attributable to ATI of $85.9 million, or $0.60 per shareQ3 2024 ATI adjusted EBITDA of $185.7 million, or 17.7% of sales, up 100 basis points sequentiallyDALLAS, Oct. 29, 2024 /PRNewswire/ -- ATI Inc. (NYSE: ATI) reported third quarter 2024 results, with sales of $1.05 billion and net income attributable to ATI of $82.7 million, or $0.57 per share.
DALLAS, Oct. 1, 2024 /PRNewswire/ -- ATI (NYSE: ATI) has scheduled the live webcast for its third quarter 2024 earnings conference call on Tuesday, October 29, 2024, at 7:30 a.m. CT (8:30 a.m. ET). Third quarter 2024 results are scheduled to be published prior to the call at 6:30 a.m. CT (7:30 a.m. ET). The conference call will be broadcast, and accompanying presentation slides will be available, at ATImaterials.com. To access the broadcast, visit ATImaterials.com and select "Conference Call." The conference call replay will be available on ATImaterials.com. ATI: Proven to Pe
DALLAS, Sept. 4, 2024 /PRNewswire/ -- ATI Inc. (NYSE: ATI) President and Chief Executive Officer Kim Fields and Executive Vice President and Chief Financial Officer Don Newman will speak at the Morgan Stanley 12th Annual Laguna Conference in Dana Point, California on September 11, 2024, at 3:15 p.m. ET. The event will be webcast live. For a link, go to the News & Events section of www.ATImaterials.com/investors. An audio replay and full transcript of the event will be available following the presentation. ATI: Proven to Perform.ATI (NYSE:ATI) is a global producer of high perf
PITTSBURGH, Sept. 3, 2024 /PRNewswire/ -- ATI Inc. (NYSE:ATI) announced that its Board of Directors has authorized the repurchase of up to $700 million of its outstanding common stock, which the Company currently expects will support a multi-year share repurchase program. Repurchases under the program may be made in the open market or in privately negotiated transactions, with the amount and timing of repurchases depending on market conditions and corporate needs. Open market repurchases will be structured to occur within the pricing and volume requirements of SEC Rule 10b-18. The stock repurchase program does not obligate the Company to repurchase any specific number of shares, and it may b
Strong performance in Aerospace & Defense propels sequential growth Q2 2024 sales of $1.1 billion, up 5% from Q1 2024Q2 2024 net income attributable to ATI of $81.9 million, or $0.58 per share, up 26% from Q1 2024Aerospace & defense represent 62% of Q2 2024 sales, up from 59% of Q1 2024 salesNon-GAAP Information*Q2 adjusted net income attributable to ATI of $86.0 million or $0.60 per shareQ2 2024 ATI adjusted EBITDA of $182.6 million, or 16.7% of salesDALLAS, Aug. 6, 2024 /PRNewswire/ -- ATI Inc. (NYSE:ATI) reported second quarter 2024 results, with sales of $1.10 billion and net income attributable to ATI of $81.9 million, or $0.58 per share.
$2.2 billion to be delivered by 2030 FARNBOROUGH, England, July 23, 2024 /PRNewswire/ -- At the Farnborough International Airshow, ATI Inc. (NYSE: ATI) is celebrating its aerospace leadership by announcing $4 billion in new sales commitments through 2040. The majority of the additional revenue – approximately $2.2 billion – will be delivered in the balance of this decade. The collective commitments are predominantly for nickel alloys serving the jet engine market where ATI's high-performance materials and solutions are differentiated the most. "These agreements reinforce the v
DALLAS, July 2, 2024 /PRNewswire/ -- ATI (NYSE:ATI) has scheduled the live webcast for its second quarter 2024 earnings conference call on Tuesday, August 6, 2024, at 7:30 a.m. CT (8:30 a.m. ET). Second quarter 2024 results are scheduled to be published prior to the call at 6:30 a.m. CT (7:30 a.m. ET). The conference call will be broadcast, and accompanying presentation slides will be available, at ATImaterials.com. To access the broadcast, visit ATImaterials.com and select "Conference Call." Conference call replay will be available on ATImaterials.com. ATI: Proven to Perform
Robert S. Wetherbee becomes Executive Chairman DALLAS, July 1, 2024 /PRNewswire/ -- Kimberly A. Fields today became President and CEO of ATI Inc. (NYSE:ATI). In a planned leadership transition, she succeeds Robert S. "Bob" Wetherbee, who becomes Executive Chairman. Fields served as ATI's Chief Operating Officer since 2022, becoming President in July 2023. During Kim's tenure, ATI has grown as one integrated operation, sharpening its operational advantages, increasing capacity and capability for the extraordinary materials customers value most. "I'm honored to lead this fantas
BALTIMORE, June 11, 2024 (GLOBE NEWSWIRE) -- Lawsuits have been filed alleging that a number of large corporate employers have offloaded billions of dollars in pension obligations to Athene Annuity and Life Company and/or Athene Annuity & Life Assurance Company of New York, subsidiaries of Athene Holding Ltd. (collectively, "Athene") in violation of ERISA. In addition to AT&T Inc., Lockheed Martin Corporation, and Alcoa Corporation, against which lawsuits have already been filed, according to SEC filings and/or Athene's public statements, Bristol-Myers Squibb Company (NYSE:BMY), Armstrong World Industries, Inc. (NYSE:AWI), ATI, Inc. (NYSE:ATI), Weyerhaeuser Company (NYSE:WY), and General E
KeyBanc Capital Markets downgraded ATI Inc. from Overweight to Sector Weight
Susquehanna initiated coverage of ATI Inc. with a rating of Positive and set a new price target of $75.00
BTIG Research initiated coverage of ATI Inc. with a rating of Buy and set a new price target of $70.00
Northcoast downgraded ATI Inc. from Neutral to Sell
Deutsche Bank initiated coverage of ATI Inc. with a rating of Buy and set a new price target of $70.00
Northcoast initiated coverage of Allegheny Tech with a rating of Buy and set a new price target of $54.00
Wolfe Research upgraded Allegheny Tech from Peer Perform to Outperform and set a new price target of $33.00
Benchmark reiterated coverage of Allegheny Technologies with a rating of Buy and set a new price target of $30.00 from $26.00 previously
Keybanc reiterated coverage of Allegheny Technologies with a rating of Overweight and set a new price target of $28.00 from $26.00 previously
Barclays reiterated coverage of Allegheny Technologies with a rating of Overweight and set a new price target of $29.00 from $23.00 previously