Market Summary
USD40.61-0.27
Delayedas of 03 Oct 2023, 10:36 am-0.66%
ATI Stock Price
ATI RSI Chart
ATI Valuation
ATI Price/Sales (Trailing)
ATI Profitability
ATI Fundamentals
ATI Revenue
ATI Earnings
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
ATI Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for ATI
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
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 | - |
Which funds bought or sold ATI recently?
View All Details| Datesorted ascending | Fund Name | Type | % 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% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Allegheny Tech
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form 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| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
SCCO | 57.2B | 10.1B | -9.97% | 66.49% | 20.48 | 5.68 | -4.76% | -4.71% |
FCX | 52.5B | 21.9B | -11.69% | 34.77% | 15.84 | 2.4 | -9.80% | -44.93% |
NUE | 38.7B | 37.5B | -10.31% | 44.67% | 6.98 | 1.03 | -12.82% | -38.59% |
NEM | 28.3B | 11.2B | -9.61% | -15.44% | -37.27 | 2.52 | -9.46% | -195.71% |
STLD | 17.7B | 20.5B | -0.92% | 49.84% | 5.87 | 0.86 | -7.79% | -31.70% |
| MID-CAP | ||||||||
CLF | 8.0B | 22.0B | 1.29% | 16.63% | 29.06 | 0.36 | -9.91% | -92.35% |
CMC | 5.7B | 9.0B | -15.80% | 37.30% | 5.88 | 0.63 | 5.39% | -10.80% |
ATI | 5.3B | 4.1B | -11.38% | 53.63% | 18.5 | 1.27 | 25.63% | 2307.63% |
CRS | 3.2B | 3.6B | 3.50% | 114.99% | 57.41 | 0.89 | 97.59% | 214.87% |
WOR | 3.0B | 4.9B | -19.58% | 62.03% | 11.72 | 0.61 | -6.22% | -32.38% |
X | - | 19.0B | 5.57% | 82.46% | - | - | -17.70% | -72.82% |
| SMALL-CAP | ||||||||
SXC | 838.5M | 2.1B | 2.38% | 72.06% | 9.33 | 0.41 | 22.68% | 8.05% |
HAYN | 572.7M | 573.2M | -7.64% | 28.08% | 12.67 | 1 | 29.70% | 44.33% |
TMST | - | 1.2B | -2.75% | 44.03% | - | - | -14.31% | -101.46% |
SYNL | - | 324.8M | - | - | - | - | -15.11% | -150.78% |
Allegheny Tech News
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) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 2.1% | 4,127 | 4,040 | 3,836 | 3,591 | 3,285 | 2,941 | 2,800 | 2,693 | 2,565 | 2,719 | 2,982 | 3,342 | 3,763 | 4,073 | 4,123 | 4,142 | 4,143 | 4,072 | 4,047 | 3,919 | 3,768 |
| Gross Profit | 4.6% | 772 | 738 | 714 | 651 | 549 | 417 | 333 | 256 | 212 | 244 | 293 | 417 | 539 | 642 | 638 | 616 | 617 | 613 | 630 | 625 | 570 |
| S&GA Expenses | 4.3% | 316 | 303 | 298 | 279 | 260 | 248 | 227 | 222 | 212 | 197 | 201 | 215 | 234 | 258 | 267 | 274 | 274 | 269 | 268 | 256 | 255 |
| EBITDA | -100.0% | - | 341 | 305 | 190 | 200 | 289 | 252 | - | - | -1,275 | -1,242 | -68.20 | 99.00 | 514 | 498 | 516 | 461 | - | - | - | - |
| 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 Taxes | 57.3% | 312 | 198 | 162 | 47.00 | 57.00 | 48.00 | 11.00 | -1,102 | -1,226 | -1,513 | -1,481 | -323 | -157 | 254 | 237 | 260 | 203 | 199 | 248 | 209 | 25.00 |
| 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 Income | 67.0% | 284 | 170 | 131 | 24.00 | 12.00 | 1.00 | -38.20 | -1,129 | -1,228 | -1,601 | -1,572 | -395 | -234 | 264 | 258 | 242 | 182 | 179 | 222 | 183 | 11.00 |
| 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% | - | 157 | 225 | 162 | -103 | -133 | 16.00 | -122 | 79.00 | 214 | 167 | 285 | 320 | 245 | 230 | 266 | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 3.4% | 4,435 | 4,287 | 4,446 | 4,288 | 4,229 | 4,236 | 4,285 | 4,627 | 3,974 | 4,069 | 4,035 | 5,064 | 5,169 | 5,807 | 5,635 | 5,629 | 5,549 | 5,491 | 5,502 | 5,389 | 5,393 |
| Current Assets | 6.1% | 2,459 | 2,316 | 2,476 | 2,369 | 2,312 | 2,286 | 2,307 | 2,689 | 1,997 | 2,093 | 2,066 | 2,086 | 2,202 | 2,508 | 2,303 | 2,422 | 2,261 | 2,178 | 2,247 | 2,122 | 2,126 |
| Cash Equivalents | 36.1% | 267 | 196 | 584 | 329 | 274 | 317 | 688 | 1,007 | 473 | 542 | 646 | 572 | 539 | 639 | 491 | 511 | 281 | 217 | 382 | 154 | 122 |
| Inventory | 6.7% | 1,380 | 1,294 | 1,196 | 1,217 | 1,271 | 1,189 | 1,046 | 1,056 | 1,059 | 1,048 | 997 | 1,036 | 1,104 | 1,181 | 1,155 | 1,169 | 1,218 | 1,254 | 1,211 | 1,240 | 1,254 |
| Net PPE | 1.1% | 1,568 | 1,552 | 1,549 | 1,497 | 1,491 | 1,503 | 1,529 | 1,488 | 1,486 | 1,479 | 1,469 | 2,467 | 2,455 | 2,446 | 2,450 | 2,408 | 2,405 | 2,471 | 2,475 | 2,473 | 2,479 |
| Goodwill | 0% | 227 | 227 | 227 | 227 | 227 | 227 | 228 | 229 | 242 | 242 | 241 | 238 | 236 | 460 | 526 | 524 | 525 | 537 | 6.00 | 536 | 531 |
| Liabilities | 1.7% | 3,126 | 3,073 | 3,288 | 3,349 | 3,336 | 3,440 | 3,453 | 3,946 | 3,368 | 3,459 | 3,394 | 3,214 | 3,327 | 3,615 | 3,441 | 3,349 | 3,411 | 3,444 | 3,510 | 3,306 | 3,351 |
| Current Liabilities | 8.9% | 898 | 824 | 964 | 823 | 800 | 877 | 856 | 1,207 | 599 | 689 | 653 | 564 | 614 | 1,059 | 849 | 763 | 759 | 760 | 837 | 731 | 741 |
| Long Term Debt | -0.1% | 1,700 | 1,702 | 1,706 | 1,700 | 1,703 | 1,707 | 1,712 | 1,684 | 1,602 | 1,598 | 1,550 | 1,529 | 1,517 | 1,390 | 1,387 | 1,542 | 1,537 | 1,536 | 1,536 | 1,535 | 1,536 |
| Shareholder's Equity | -1.7% | 1,194 | 1,214 | 1,046 | 814 | 894 | 796 | 833 | 680 | 606 | 609 | 641 | 1,850 | 1,842 | 2,193 | 2,193 | 2,280 | 2,139 | 2,047 | 1,992 | 2,083 | 2,042 |
| Retained Earnings | 30.8% | 323 | 247 | 177 | 100 | 39.00 | 104 | 73.00 | 103 | 54.00 | 103 | 107 | 1,227 | 1,278 | 1,700 | 1,679 | 1,623 | 1,512 | 1,437 | 1,427 | 1,381 | 1,330 |
| Additional Paid-In Capital | 0.4% | 1,682 | 1,675 | 1,668 | 1,662 | 1,657 | 1,603 | 1,597 | 1,592 | 1,588 | 1,581 | 1,626 | 1,622 | 1,618 | 1,592 | 1,618 | 1,612 | 1,605 | 1,600 | 1,615 | 1,609 | 1,604 |
| Shares Outstanding | 0.0% | 129 | 129 | 128 | 129 | 130 | 124 | 127 | 127 | 127 | 127 | 127 | 127 | 127 | 127 | 126 | 126 | 126 | 126 | 126 | 126 | 126 |
| Minority Interest | -2.2% | 115 | 118 | 111 | 125 | 131 | 137 | 147 | 139 | 133 | 126 | 120 | 116 | 107 | 105 | 103 | 112 | 112 | 112 | 106 | 103 | 117 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 46.7% | 230 | 157 | 225 | 162 | -103 | -133 | 16.00 | -122 | 79.00 | 214 | 167 | 285 | 320 | 245 | 230 | 266 | 253 | 310 | 393 | 193 | 143 |
| Share Based Compensation | -10.2% | 28.00 | 31.00 | 26.00 | - | 29.00 | 24.00 | 21.00 | - | - | - | 3.00 | - | - | - | - | - | - | - | - | - | - |
| Cashflow From Investing | -6.2% | -171 | -161 | -126 | -129 | -74.20 | -76.40 | -77.30 | -88.00 | -125 | -128 | -128 | -156 | 9.00 | 80.00 | 82.00 | 113 | -63.90 | -127 | -145 | -146 | -137 |
| Cashflow From Financing | 43.5% | -65.30 | -115 | -201 | -709 | -20.60 | -15.60 | 103 | 646 | -19.60 | -182 | 117 | -67.30 | -70.70 | 97.00 | -203 | -21.80 | -30.70 | -75.60 | -7.30 | -17.60 | -37.70 |
| Dividend Payments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Buy Backs | 0% | 60.00 | 60.00 | 140 | 105 | 90.00 | 90.00 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
ATI Income Statement
2023-06-30CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions | 3 Months Ended | 6 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 sales | 836.9 | 784.2 | 1,681.8 | 1,448.9 |
| Gross profit | 209.1 | 175.3 | 402.3 | 344.7 |
| Selling and administrative expenses | 85.4 | 72.3 | 166.0 | 147.5 |
| Restructuring charges (credits) | 2.7 | (1.3) | 2.7 | (2.4) |
| Loss on asset sales and sales of businesses, net | 0.7 | 115.9 | 0.7 | 134.2 |
| Operating income (loss) | 120.3 | (11.6) | 232.9 | 65.4 |
| 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, net | 0.7 | 10.7 | 1.3 | 3.2 |
| Income (loss) before income taxes | 82.8 | (30.9) | 159.3 | 9.2 |
| Income tax provision | 3.7 | 3.4 | 8.0 | 8.3 |
| Net income (loss) | 79.1 | (34.3) | 151.3 | 0.9 |
| Less: Net income attributable to noncontrolling interests | 3.1 | 3.7 | 5.2 | 8.0 |
| 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
2023-06-30CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current Assets: | ||
| Cash and cash equivalents | $ 267.1 | $ 584.0 |
| Accounts receivable, net | 710.1 | 579.2 |
| Short-term contract assets | 51.8 | 64.1 |
| Inventories, net | 1,380.4 | 1,195.7 |
| Prepaid expenses and other current assets | 49.2 | 53.4 |
| Total current assets | 2,458.6 | 2,476.4 |
| Property, plant and equipment, net | 1,568.1 | 1,549.1 |
| Goodwill | 227.2 | 227.2 |
| Other assets | 180.8 | 192.9 |
| Total assets | 4,434.7 | 4,445.6 |
| Current Liabilities: | ||
| Accounts payable | 467.7 | 553.3 |
| Short-term contract liabilities | 137.8 | 149.1 |
| Short-term debt and current portion of long-term debt | 73.9 | 41.7 |
| Other current liabilities | 218.1 | 219.8 |
| Total current liabilities | 897.5 | 963.9 |
| Long-term debt | 1,699.9 | 1,706.3 |
| Accrued postretirement benefits | 176.7 | 184.9 |
| Pension liabilities | 172.0 | 225.6 |
| Other long-term liabilities | 179.4 | 207.7 |
| Total liabilities | 3,125.5 | 3,288.4 |
| ATI Stockholders' Equity: | ||
| Preferred stock, par value $0.10: authorized-50,000,000 shares; issued-none | 0.0 | 0.0 |
| 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, 2022 | 13.2 | 13.1 |
| Additional paid-in capital | 1,682.0 | 1,668.1 |
| Retained earnings | 323.0 | 176.9 |
| 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’ equity | 1,194.0 | 1,045.9 |
| Noncontrolling interests | ||
| Noncontrolling interests | 115.2 | 111.3 |
| Total Equity | 1,309.2 | 1,157.2 |
| Total Liabilities and Equity | $ 4,434.7 | $ 4,445.6 |
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.