ATI Inc

ATI Inc

ATI - Insider Information

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Market Cap$24.87B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
ATI IncATI Inc44.9-28%5.11

Earnings Call Q3 2026

October 29, 2026 - AI Summary

Strong Q3 results; raises full-year outlook (multiple increases this year) - Revenue: $1.4B, +26% YoY and +13% sequentially - Adjusted EBITDA: $328M, +46% YoY; $18M above the guidance midpoint and $13M above the high end (and highest quarterly result since 2007) - Margin: 23% adjusted EBITDA margin, +300 bps YoY - EPS: $1.46, +72% YoY - Backlog: $4.3B, +20% YoY, “near all-time record,” providing visibility (and benefiting from extended lead times) - Guidance raise: Full-year adjusted EBITDA raised to $1.19B–$1.20B (midpoint +$35M vs prior outlook). This is the third raise in 2026. - Full-year adjusted EPS: raised to $5.17–$5.23
Cash flow and capital discipline remain a key positive - Adjusted free cash flow (Q3): $80M; YTD: $223M (up $73M / +49% YoY) - Targeting positive adjusted free cash flow in every quarter in 2026 (objective achieved in Q3, per management) - Working capital: managed working capital 32.9% of sales, improving +140 bps sequentially - CapEx: $93M in Q3; YTD total CapEx $217M; growth projects on schedule and on budget - Customer-funded CapEx: $48M YTD - Buybacks: repurchases prioritized—$70M spent in Q3; $425M remaining under authorization (no dividend mentioned)
Segment performance: AA&S transformation is durable; HPMC margin impact is temporary - AA&S (Aerospace & Defense + specialty energy mix shift): - Revenue: $702M, +34% YoY - EBITDA margin: 25.8%, +850 bps YoY (record); management attributes strength to pricing/contracts and mix shift - Structural change: exited lower-value commodity stainless; shifted to higher-value mix using 80-20 focus - A&D share of AA&S sales: ~45% vs 18% in 2021 - Sustainability view: management says AA&S is structurally transformed with full-year 2026 margins in the low-to-mid 20% range, Q4 mid-20% - HPMC (hot-section nickel-based superalloys / advanced alloys): - Revenue: $721M, +20% YoY - Margin: 23.2%, but ~200 bps below plan due to ramp inefficiencies for a newly qualified/produced advanced alloy (sixth alloy for jet hot section) - Surprising/negative-but-contained: margin pressure is acknowledged as temporary; management expects it to be largely behind them by year-end / Q4

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$258.00

Target Price by Analysts

40.9% upsideATI Target Price DetailsTarget Price
$83.86

Current Fair Value

54.2% downside

Overvalued by 54.2% based on the discounted cash flow analysis.

Insider Trades

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Congress Trades

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Share Statistics

Market cap$24.87 Billion
Enterprise Value$26.41 Billion
Earnings per Share$2.92
Beta1.07
Outstanding Shares136,100,000

Return

Return on Equity27.71%ROE
Return on Assets9.98%
Return on Invested Capital17.95%

Valuation & Multiples

P/E Ratio44.88P/E Ratio
PEG61.86PEG
Price to Sales5.09Price to Sales
Price to Book Ratio12.21Price to Book Ratio
Enterprise Value to Revenue5.27
Enterprise Value to EBIT32.93
Enterprise Value to Net Income47
Total Debt to Enterprise0.08
Debt to Equity0.99Debt to Equity

Revenue Sources

No data

Last Earnings Call

Report Date
October 29, 2026
EPS
$1.46
Est. $1.37
Revenue
$1.42 B
Est. $1.32 B

Next Earnings Call

Expected Date
February 2, 2027
EPS Estimate
$1.56
Consensus analyst estimate
Revenue Estimate
$1.44 B
Consensus analyst estimate

Institutional Put/Call Ratio

Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.

Put/Call Ratio0.0000▼ 80.02%
Total Calls2,900▼ 99.65%
Total Puts-▼ 100.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %11.29%▼ 83.90%
Total Invested$2.91B▼ 88.53%
Investors Holding401▼ 435.00%

About Allegheny Technologies Inc

8,100 employees
CEO: Robert Wetherbee

ATI is a $3 billion global manufacturer solving the world's most difficult challenges through materials science; advanced, integrated process technologies; and relentlessly innovative people. They serve customers whose demanding applicat...

ATI Insider Information FAQ

Stockcircle tracks 14 top investors with a current 13F position in ATI. Notable holders include ARK Invest and Bridgewater Associates. Holdings come from the latest quarterly 13F filings filed with the SEC.

In the latest 13F quarter on Stockcircle, 2 top investors increased or opened positions and 5 top investors reduced or sold among tracked top investors. Changes are based on reported share counts in their quarterly filings, not day-to-day trading.

Stockcircle shows 13 open-market insider sales for ATI in the last six months from SEC Form 4 reports by executives, directors, and other insiders.

Form 4 insider trades are added as new filings are imported. Top investor 13F holdings refresh after each quarterly filing cycle. Politician trade disclosures are added when new reports are published on Stockcircle.