Allegheny Technologies Incorporated Stock Today
| ATI Stock | USD 58.16 0.14 0.24% |
Performance0 of 100
| Odds Of DistressLess than 3
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Allegheny Technologies is trading at 58.16 as of the 21st of November 2024. This is a 0.24 percent increase since the beginning of the trading day. The stock's open price was 58.02. Allegheny Technologies has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Allegheny Technologies Incorporated are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 22nd of October 2024 and ending today, the 21st of November 2024. Click here to learn more.
Business Domain Materials | IPO Date 29th of November 1999 | Category Industrials |
ATI Inc. manufactures and sells specialty materials and components worldwide. ATI Inc. was founded in 1960 and is headquartered in Dallas, Texas. Ati operates under Metal Fabrication classification in the United States and is traded on New York Stock Exchange. The company has 142.64 M outstanding shares of which 2.45 M shares are presently shorted by investors with about 1.71 days to cover. More on Allegheny Technologies Incorporated
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Allegheny Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| Chairman | Robert Wetherbee | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Names | [ACTIA Group S.A., Atlantic Ltd., Afristrat Investment Holdings Ltd] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Metals & Mining, Metal Fabrication, Industrials, NYSE Composite, SP Small-Cap 600, Iron, Steel Works Etc, Materials, Metals & Mining, Metal Fabrication, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsAllegheny Technologies can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Allegheny Technologies' financial leverage. It provides some insight into what part of Allegheny Technologies' total assets is financed by creditors.
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Allegheny Technologies Incorporated (ATI) is traded on New York Stock Exchange in USA. It is located in 2021 McKinney Avenue, Dallas, TX, United States, 75201 and employs 7,300 people. Allegheny Technologies is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 8.31 B. Allegheny Technologies runs under Metals & Mining sector within Materials industry. The entity has 142.64 M outstanding shares of which 2.45 M shares are presently shorted by investors with about 1.71 days to cover.
Allegheny Technologies Incorporated has about 584 M in cash with 85.9 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.55.
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Ownership AllocationAllegheny Technologies holds a total of 142.64 Million outstanding shares. The majority of Allegheny Technologies Incorporated outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Allegheny Technologies to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Allegheny Technologies. Please pay attention to any change in the institutional holdings of Allegheny Technologies Incorporated as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Allegheny Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Geode Capital Management, Llc | 2024-06-30 | 1.9 M | |
| Millennium Management Llc | 2024-06-30 | 1.9 M | |
| Federated Hermes Inc | 2024-09-30 | 1.8 M | |
| Norges Bank | 2024-06-30 | 1.6 M | |
| Loomis, Sayles & Company Lp | 2024-06-30 | 1.5 M | |
| Channing Capital Management, Llc | 2024-09-30 | 1.4 M | |
| Charles Schwab Investment Management Inc | 2024-09-30 | 1.4 M | |
| Bowen, Hanes & Co Inc | 2024-09-30 | 1.4 M | |
| Barrow Hanley Mewhinney & Strauss Llc | 2024-09-30 | 1.4 M | |
| Blackrock Inc | 2024-06-30 | 15.5 M | |
| Capital Research & Mgmt Co - Division 3 | 2024-09-30 | 15.1 M |
Allegheny Technologies Historical Income Statement
Allegheny Stock Against Markets
Allegheny Technologies Corporate Directors
| John Pipski | Independent Director | Profile | |
| Marianne Kah | Independent Director | Profile | |
| Carolyn Corvi | Independent Director | Profile | |
| Herbert Carlisle | Independent Director | Profile |
Already Invested in Allegheny Technologies Incorporated?
The danger of trading Allegheny Technologies Incorporated is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Allegheny Technologies is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Allegheny Technologies. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Allegheny Technologies is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Allegheny Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Allegheny Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Allegheny Technologies Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Allegheny Technologies Incorporated Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allegheny Technologies Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allegheny Technologies. If investors know Allegheny will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allegheny Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.07) | Earnings Share 2.59 | Revenue Per Share 33.577 | Quarterly Revenue Growth 0.025 | Return On Assets 0.0557 |
The market value of Allegheny Technologies is measured differently than its book value, which is the value of Allegheny that is recorded on the company's balance sheet. Investors also form their own opinion of Allegheny Technologies' value that differs from its market value or its book value, called intrinsic value, which is Allegheny Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allegheny Technologies' market value can be influenced by many factors that don't directly affect Allegheny Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Allegheny Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegheny Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegheny Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.