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In a recent transaction, David J. Morehouse, a director at ATI Inc (NYSE:ATI), a $7 billion specialty materials company with a "GREAT" InvestingPro Financial Health score, sold 17,000 shares of the company’s common stock. The shares were sold at an average price of $52.03 each, totaling approximately $884,510. Following this transaction, Morehouse holds 49,366 shares in the company. The sale, completed on April 1, 2025, was part of a strategic move for personal tax and estate planning purposes, involving the contribution of ATI stock to an exchange fund. With analysts setting price targets between $70 and $81, and management actively buying back shares according to InvestingPro data, investors may want to monitor insider activity patterns through comprehensive Pro Research Reports available for ATI and 1,400+ other US stocks.
In other recent news, ATI Inc. reported robust fourth-quarter earnings, surpassing analyst expectations with adjusted earnings per share of $0.79, which exceeded the consensus estimate of $0.61. The company also achieved a 10% year-over-year revenue increase, reaching $1.17 billion, outperforming the anticipated $1.1 billion. ATI’s aerospace and defense segment, responsible for 65% of its sales, demonstrated significant growth, particularly in commercial jet engine and airframe sales. Looking ahead, ATI projected an optimistic outlook for 2025, with full-year adjusted earnings expected to range between $2.80 and $3.00 per share, significantly higher than the $2.27 analyst consensus.
In other developments, ATI faced mixed results in labor agreement votes with the United Steelworkers. While a new agreement was successfully ratified at the Albany, Oregon facility, negotiations continue in Pennsylvania and New York, where the previous agreement has been extended through April 2025. On the analyst front, Benchmark raised its price target for ATI to $81, maintaining a "Buy" rating, citing benefits from a tight nickel alloy market and record backlogs. Similarly, CFRA increased its 12-month price target to $75, also retaining a "Buy" rating, following ATI’s strong quarterly performance and revenue growth.
Both firms highlighted ATI’s strategic expansion in titanium capacity and its growing presence in defense and exotic materials markets. These recent developments underscore ATI’s solid financial performance and strategic positioning in key markets.
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