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Tina Killough Busch, Senior Vice President and Chief Human Resources Officer of ATI Inc (NYSE:ATI), recently sold 9,900 shares of the company’s common stock. The transaction comes as ATI, with a market capitalization of $8.9 billion, has shown remarkable strength with a 58% return over the past year. According to InvestingPro analysis, the company maintains a "GREAT" financial health score. The shares were sold on February 6 at a price of $66.41 each, amounting to a total transaction value of $657,459. Following this sale, Busch holds 25,994 shares of ATI Inc.
This transaction was disclosed in a filing with the Securities and Exchange Commission, which was signed by Amanda J. Skov, acting as attorney-in-fact for Busch. The sale does not involve any equity swaps, and the ownership remains direct.
In other recent news, Allegheny Technologies Incorporated (ATI) has delivered a strong financial performance, surpassing analyst expectations. The company reported an adjusted earnings per share (EPS) of $0.79 in the fourth quarter, outperforming the consensus estimate by $0.20. Revenue also saw a 10% year-over-year increase, reaching $1.17 billion, driven by robust demand from the aerospace and defense sectors.
CFRA analyst Matthew Miller responded to these developments by raising his 12-month price target for ATI from $68.00 to $75.00, while maintaining a Buy rating. Despite a slight reduction in the 2025 EPS estimate to $3.00, Miller initiated a 2026 EPS forecast at $3.55. This is based on an enterprise value to earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) multiple of 13.0 times his 2026 EBITDA estimate for ATI.
Looking ahead, Miller predicts a 21.5% growth in EPS for 2025, followed by an estimated increase of 18%-20% in 2026. These projections reflect confidence in ATI’s continued financial improvement and market positioning. Additionally, ATI’s CEO Kimberly A. Fields has expressed optimism about the company’s future performance, stating that ATI is well positioned for continued strong performance that will drive growth and value in the coming years.
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