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Allegheny Technologies Inc Stock Research

ATI

40.61USD-0.27(-0.66%)Delayedas of 03 Oct 2023, 10:36 am
Watchlist

Market Summary

USD40.61-0.27
Delayedas of 03 Oct 2023, 10:36 am
-0.66%

ATI Alerts

  • 1 major insider sales recently.
  • Big jump in Earnings (Y/Y)

ATI Stock Price

ATI RSI Chart

ATI Valuation

Market Cap

5.3B

Price/Earnings (Trailing)

18.5

Price/Sales (Trailing)

1.27

EV/EBITDA

14.72

Price/Free Cashflow

22.83

ATI Price/Sales (Trailing)

ATI Profitability

EBT Margin

4.91%

Return on Equity

15.51%

Return on Assets

3.97%

Free Cashflow Yield

4.38%

ATI Fundamentals

ATI Revenue

Revenue (TTM)

4.1B

Revenue Y/Y

9.02%

Revenue Q/Q

0.76%

ATI Earnings

Earnings (TTM)

284.1M

Earnings Y/Y

300%

Earnings Q/Q

8.42%

Price Action

52 Week Range

25.3947.92
(Low)(High)

Last 7 days

-3.4%

Last 30 days

-11.4%

Last 90 days

-8.4%

Trailing 12 Months

53.6%

ATI Financial Health

Current Ratio

2.81

Debt/Equity

1.55

Debt/Cashflow

0.09

ATI Investor Care

Buy Backs (1Y)

1.01%

Diluted EPS (TTM)

1.96

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for ATI

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-09-08
DIGGS JAMES C
sold
-120,063
44.9
-2,674
-
2023-08-10
Harris Timothy J
sold
-560,223
43.57
-12,858
senior vp and cdio
2023-07-10
Davis Elliot S
sold
-316,755
45.00
-7,039
chief legal & compl. officer
2023-06-29
Davis Elliot S
sold
-299,158
42.5
-7,039
chief legal & compl. officer
2023-06-12
Davis Elliot S
sold
-281,560
40.00
-7,039
chief legal & compl. officer
2023-05-16
HARVEY J BRETT
acquired
-
-
7,804
-
2023-05-16
Hess David P
acquired
-
-
3,205
-
2023-05-16
Kah Marianne
acquired
-
-
3,205
-
2023-05-16
Sharma Ruby
acquired
-
-
2,671
-
2023-05-16
Morehouse David J
acquired
-
-
3,205
-

1–10 of 50

Which funds bought or sold ATI recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-21
Jefferies Group LLC
reduced
-95.69
-210,065
11,176
-%
2023-09-20
BARCLAYS PLC
added
20.3
898,000
3,476,000
-%
2023-09-12
Farther Finance Advisors, LLC
new
-
1,725
1,725
-%
2023-09-08
TUCKER ASSET MANAGEMENT LLC
sold off
-100
-11,838
-
-%
2023-08-24
Alberta Investment Management Corp
reduced
-21.74
-418,759
2,992,560
0.03%
2023-08-23
WOLVERINE TRADING, LLC
new
-
392,468
392,468
-%
2023-08-22
VIRGINIA RETIREMENT SYSTEMS ET AL
new
-
247,688
247,688
-%
2023-08-21
OSAIC HOLDINGS, INC.
reduced
-65.9
-934,530
583,758
-%
2023-08-21
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
added
5.73
291,000
1,864,000
0.02%
2023-08-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-2.4
592,917
6,901,780
0.01%

1–10 of 39

Latest Funds Activity

Are funds buying ATI calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own ATI
No. of Funds

Schedule 13G FIlings of Allegheny Tech

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
alliancebernstein l.p.
5.4%
7,041,867
SC 13G
Feb 13, 2023
alliancebernstein l.p.
5.4%
7,041,867
SC 13G
Feb 13, 2023
capital international investors
12.6%
16,295,455
SC 13G/A
Feb 09, 2023
vanguard group inc
11.18%
14,470,396
SC 13G/A
Feb 01, 2023
state street corp
5.38%
6,958,286
SC 13G/A
Jan 26, 2023
blackrock inc.
16.1%
20,887,351
SC 13G/A
Jan 20, 2023
blackrock inc.
16.1%
20,887,351
SC 13G
Feb 11, 2022
capital international investors
12.2%
15,587,922
SC 13G/A
Feb 10, 2022
state street corp
6.81%
8,661,205
SC 13G/A
Feb 09, 2022
vanguard group inc
10.86%
13,815,653
SC 13G/A

Recent SEC filings of Allegheny Tech

View All Filings
Date Filed Form Type Document
Sep 12, 2023
4
Insider Trading
Sep 08, 2023
144
Notice of Insider Sale Intent
Aug 11, 2023
8-K
Current Report
Aug 11, 2023
4
Insider Trading
Aug 10, 2023
144
Notice of Insider Sale Intent
Aug 08, 2023
424B5
Prospectus Filed
Aug 07, 2023
FWP
Prospectus Filed
Aug 07, 2023
8-K
Current Report
Aug 07, 2023
8-K
Current Report
Aug 07, 2023
424B3
Prospectus Filed

Peers (Alternatives to Allegheny Tech)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
57.2B
10.1B
-9.97% 66.49%
20.48
5.68
-4.76% -4.71%
52.5B
21.9B
-11.69% 34.77%
15.84
2.4
-9.80% -44.93%
38.7B
37.5B
-10.31% 44.67%
6.98
1.03
-12.82% -38.59%
28.3B
11.2B
-9.61% -15.44%
-37.27
2.52
-9.46% -195.71%
17.7B
20.5B
-0.92% 49.84%
5.87
0.86
-7.79% -31.70%
MID-CAP
8.0B
22.0B
1.29% 16.63%
29.06
0.36
-9.91% -92.35%
5.7B
9.0B
-15.80% 37.30%
5.88
0.63
5.39% -10.80%
5.3B
4.1B
-11.38% 53.63%
18.5
1.27
25.63% 2307.63%
3.2B
3.6B
3.50% 114.99%
57.41
0.89
97.59% 214.87%
3.0B
4.9B
-19.58% 62.03%
11.72
0.61
-6.22% -32.38%
-
19.0B
5.57% 82.46%
-
-
-17.70% -72.82%
SMALL-CAP
838.5M
2.1B
2.38% 72.06%
9.33
0.41
22.68% 8.05%
572.7M
573.2M
-7.64% 28.08%
12.67
1
29.70% 44.33%
-
1.2B
-2.75% 44.03%
-
-
-14.31% -101.46%
-
324.8M
- -
-
-
-15.11% -150.78%

Allegheny Tech News

Forbes
7 Best Commodity Stocks To Buy: September 2023.
Forbes,
5 months ago

Returns for ATI

Cumulative Returns on ATI

3.6%


10-Year Cumulative Returns

12.6%


7-Year Cumulative Returns

7.5%


5-Year Cumulative Returns

62.1%


3-Year Cumulative Returns

Risks for ATI

What is the probability of a big loss on ATI?

84.6%


Probability that Allegheny Tech stock will be more than 20% underwater in next one year

53.5%


Probability that Allegheny Tech stock will be more than 30% underwater in next one year.

32.7%


Probability that Allegheny Tech stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does ATI drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Allegheny Tech was unfortunately bought at previous high price.

Drawdowns

Financials for Allegheny Tech

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue2.1%4,1274,0403,8363,5913,2852,9412,8002,6932,5652,7192,9823,3423,7634,0734,1234,1424,1434,0724,0473,9193,768
Gross Profit4.6%772738714651549417333256212244293417539642638616617613630625570
  S&GA Expenses4.3%316303298279260248227222212197201215234258267274274269268256255
EBITDA-100.0%-341305190200289252---1,275-1,242-68.2099.00514498516461----
EBITDA Margin-100.0%-0.08*0.08*0.05*0.06*0.10*0.09*---0.47*-0.42*-0.02*0.03*0.13*0.12*0.12*0.11*----
Earnings Before Taxes57.3%31219816247.0057.0048.0011.00-1,102-1,226-1,513-1,481-323-15725423726020319924820925.00
EBT Margin-100.0%-0.05*0.04*0.01*0.02*0.02*0.00*-0.41*-0.48*-0.56*-0.50*-0.10*-0.04*0.06*0.06*0.06*-----
Net Income67.0%28417013124.0012.001.00-38.20-1,129-1,228-1,601-1,572-395-23426425824218217922218311.00
Net Income Margin-100.0%-0.04*0.03*0.01*0.00*0.00*-0.01*-0.42*-0.48*-0.59*-0.53*-0.12*-0.06*0.06*0.06*0.06*-----
Free Cashflow-100.0%-157225162-103-13316.00-12279.00214167285320245230266-----
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets3.4%4,4354,2874,4464,2884,2294,2364,2854,6273,9744,0694,0355,0645,1695,8075,6355,6295,5495,4915,5025,3895,393
  Current Assets6.1%2,4592,3162,4762,3692,3122,2862,3072,6891,9972,0932,0662,0862,2022,5082,3032,4222,2612,1782,2472,1222,126
    Cash Equivalents36.1%2671965843292743176881,007473542646572539639491511281217382154122
  Inventory6.7%1,3801,2941,1961,2171,2711,1891,0461,0561,0591,0489971,0361,1041,1811,1551,1691,2181,2541,2111,2401,254
  Net PPE1.1%1,5681,5521,5491,4971,4911,5031,5291,4881,4861,4791,4692,4672,4552,4462,4502,4082,4052,4712,4752,4732,479
  Goodwill0%2272272272272272272282292422422412382364605265245255376.00536531
Liabilities1.7%3,1263,0733,2883,3493,3363,4403,4533,9463,3683,4593,3943,2143,3273,6153,4413,3493,4113,4443,5103,3063,351
  Current Liabilities8.9%8988249648238008778561,2075996896535646141,059849763759760837731741
  Long Term Debt-0.1%1,7001,7021,7061,7001,7031,7071,7121,6841,6021,5981,5501,5291,5171,3901,3871,5421,5371,5361,5361,5351,536
Shareholder's Equity-1.7%1,1941,2141,0468148947968336806066096411,8501,8422,1932,1932,2802,1392,0471,9922,0832,042
  Retained Earnings30.8%32324717710039.0010473.0010354.001031071,2271,2781,7001,6791,6231,5121,4371,4271,3811,330
  Additional Paid-In Capital0.4%1,6821,6751,6681,6621,6571,6031,5971,5921,5881,5811,6261,6221,6181,5921,6181,6121,6051,6001,6151,6091,604
Shares Outstanding0.0%129129128129130124127127127127127127127127126126126126126126126
Minority Interest-2.2%115118111125131137147139133126120116107105103112112112106103117
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations46.7%230157225162-103-13316.00-12279.00214167285320245230266253310393193143
  Share Based Compensation-10.2%28.0031.0026.00-29.0024.0021.00---3.00----------
Cashflow From Investing-6.2%-171-161-126-129-74.20-76.40-77.30-88.00-125-128-128-1569.0080.0082.00113-63.90-127-145-146-137
Cashflow From Financing43.5%-65.30-115-201-709-20.60-15.60103646-19.60-182117-67.30-70.7097.00-203-21.80-30.70-75.60-7.30-17.60-37.70
  Dividend Payments----------------------
  Buy Backs0%60.0060.0014010590.0090.00---------------

ATI Income Statement

2023-06-30
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]    
Sales$ 1,046.0$ 959.5$ 2,084.1$ 1,793.6
Cost of sales836.9784.21,681.81,448.9
Gross profit209.1175.3402.3344.7
Selling and administrative expenses85.472.3166.0147.5
Restructuring charges (credits)2.7(1.3)2.7(2.4)
Loss on asset sales and sales of businesses, net0.7115.90.7134.2
Operating income (loss)120.3(11.6)232.965.4
Nonoperating retirement benefit expense(16.9)(6.6)(33.7)(12.4)
Interest expense, net(21.3)(23.4)(41.2)(47.0)
Other income, net0.710.71.33.2
Income (loss) before income taxes82.8(30.9)159.39.2
Income tax provision3.73.48.08.3
Net income (loss)79.1(34.3)151.30.9
Less: Net income attributable to noncontrolling interests3.13.75.28.0
Net income (loss) attributable to ATI$ 76.0$ (38.0)$ 146.1$ (7.1)
Basic net income (loss) attributable to ATI per common share (in dollars per share)$ 0.59$ (0.31)$ 1.14$ (0.06)
Diluted net income (loss) attributable to ATI per common share (in dollars per share)$ 0.52$ (0.31)$ 1.01$ (0.06)

ATI Balance Sheet

2023-06-30
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current Assets:  
Cash and cash equivalents$ 267.1$ 584.0
Accounts receivable, net710.1579.2
Short-term contract assets51.864.1
Inventories, net1,380.41,195.7
Prepaid expenses and other current assets49.253.4
Total current assets2,458.62,476.4
Property, plant and equipment, net1,568.11,549.1
Goodwill227.2227.2
Other assets180.8192.9
Total assets4,434.74,445.6
Current Liabilities:  
Accounts payable467.7553.3
Short-term contract liabilities137.8149.1
Short-term debt and current portion of long-term debt73.941.7
Other current liabilities218.1219.8
Total current liabilities897.5963.9
Long-term debt1,699.91,706.3
Accrued postretirement benefits176.7184.9
Pension liabilities172.0225.6
Other long-term liabilities179.4207.7
Total liabilities3,125.53,288.4
ATI Stockholders' Equity:  
Preferred stock, par value $0.10: authorized-50,000,000 shares; issued-none0.00.0
Common stock, par value $0.10: authorized-500,000,000 shares; issued-132,268,866 shares at June 30, 2023 and 131,392,262 shares at December 31, 2022; outstanding-128,584,727 shares at June 30, 2023 and 128,273,042 shares at December 31, 202213.213.1
Additional paid-in capital1,682.01,668.1
Retained earnings323.0176.9
Treasury stock: 3,684,139 shares at June 30, 2023 and 3,119,220 shares at December 31, 2022(107.9)(87.0)
Accumulated other comprehensive loss, net of tax(716.3)(725.2)
Total ATI stockholders’ equity1,194.01,045.9
Noncontrolling interests  
Noncontrolling interests115.2111.3
Total Equity1,309.21,157.2
Total Liabilities and Equity$ 4,434.7$ 4,445.6
Robert S. Wetherbee
6300
Allegheny Technologies Incorporated manufactures and sells specialty materials and components worldwide. The company 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, 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. The segment serves aerospace and defense, medical, and energy markets. The AA&S segment produces zirconium and related alloys, including hafnium and niobium, nickel-based alloys, titanium and titanium-based alloys, and specialty alloys in a variety of forms, such as plate, sheet, and precision rolled strip products. It also provides hot-rolling conversion services, including carbon steel products, and titanium products. This segment offers its solutions to the energy, aerospace and defense, automotive, and electronics markets. Allegheny Technologies Incorporated was founded in 1960 and is based in Pittsburgh, Pennsylvania.