UP!

ATI $9.1   View long term graphs

Allegheny Technologies Incorporated
Type
Public company
Traded as NYSE: ATI
S&P 400 Component
Founded 1996; 21 years ago (1996)
Headquarters Pittsburgh, Pennsylvania, U.S.
Area served
Worldwide
Key people
Richard J. Harshman (Chairman), (President) & (CEO)
Products Titanium and titanium alloys, nickel-based alloys and superalloys, stainless and specialty steels, zirconium, hafnium, and niobium, tungsten materials, forgings and castings
Revenue Decrease US$3.134 billion (2016)
Operating income
Decrease -US$0.612 billion (2016)
Net income
Decrease -US$0.640 million (2016)
Total assets Decrease US$5.170 billion (2016)
Total equity Decrease US$1.355 billion (2016)
Number of employees
8,500 (2016)
Website www.atimetals.com

Allegheny Technologies Incorporated (ATI) is a specialty metals company headquartered in Pittsburgh, Pennsylvania.

ATI produces titanium and titanium alloys, nickel-based alloys and superalloys, grain-oriented electrical steel, stainless and specialty steels, zirconium, hafnium, and niobium, tungsten materials, forgings and castings.

ATI's key markets are aerospace and defense particularly commercial jet engines (over 50% of sales), oil & gas, chemical process industry, electrical energy, and medical.

The company organizes its products into 2 segments:

Allegheny Technologies is headquartered in Downtown Pittsburgh at Six PPG Place. Steel mill plants throughout Western Pennsylvania include facilities in Harrison Township (Allegheny Ludlum's Brackenridge Works), Vandergrift, and Washington. The company also has plants in: Illinois; Indiana; Ohio; Kentucky; California; South Carolina; Oregon; Alabama; Texas; Connecticut; Massachusetts; North Carolina; Wisconsin; Shanghai, China; and several facilities in Europe.

In 1939, the merger of Allegheny Steel of Pittsburgh and Ludlum Steel of Watervliet, New York created Allegheny Ludlum Corporation; the merged company represented the manufacturers of steel for New York's Chrysler Building and Empire State Building and for the Model A Ford.

Through the 1970s, Allegheny Ludlum periodically cooperated with Ford to build several one-off promotional cars with stainless steel bodies. Three such cars are on display in the Crawford Auto-Aviation Museum.

In 1987, Allegheny Ludlum became a public company via an initial public offering.

In 1994, the company acquired Jessop Steel.

In 1996, it merged with Teledyne to form Allegheny Technologies. The company then spun off several subsidiaries as independent public companies such as Teledyne Technologies and WaterPik Technologies in 1999, to concentrate on its core business of metal and alloy production.

In 1998, the company acquired the assets of Lukens Washington Steel

In 2004, the company acquired J&L Specialty Steel

In 2005, the company sold its World Minerals subsidiary to French company Imerys.

In 2010, the company acquired Ladish Co.

Allegheny Technologies debuted its ATI 425 Titanium Alloy on June 14, 2010, at the land and air-land defense and security exhibition Eurosatory in Paris, France. The ATI 425 Titanium Alloy is developed and provided by ATI for markets that include aerospace, defense, industrial, medical and recreation.

Allegheny Ludlum's Natrona, Pennsylvania and Brackenridge, Pennsylvania plants contributed to the waste at the ALSCO Park Lindane Dump—an EPA Superfund site. These plants also released chromium into the air, which adversely affected air quality at schools in the Highlands School District.

In 2005, Allegheny Ludlum agreed to pay a $2,375,000 penalty to settle a lawsuit brought by the U.S. Department of Justice on behalf of the United States Environmental Protection Agency in 1995, which alleged that the company had unlawfully discharged oil and other pollutants, such as chromium, zinc, copper, and nickel, into the Allegheny River and Kiskiminetas River in the suburbs of Pittsburgh.

News

Allegheny Technologies Incorporated 2.48% (industrials)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2020 2021-02-02 Future report Set alerts
Q3 2020 2020-10-29 Future report Set alerts
Q2 2020 2020-08-04 -0.02 -3.34
Q1 2020 2020-05-05 0.20 0.16
Q4 2019 2020-02-04 0.36 0.41
Q3 2019 2019-10-31 0.33 0.78
Q2 2019 2019-07-23 0.40 0.54
Q1 2019 2019-04-23 0.12 0.12
Q4 2018 2019-01-22 0.31 0.30
Q3 2018 2018-10-23 0.37 0.37

Ratings

2016-06-17 Reiterated Rating Bank of America Buy
2016-06-17 Reiterated Rating Bank of America Corp. Buy
2016-05-23 Upgrade Bank of America Underperform to Buy $14.00
2016-05-18 Reiterated Rating Berenberg Bank Hold
2016-04-19 Reiterated Rating Rosenblatt Securities Buy $18.00 to $26.00
2016-04-04 Downgrade Cowen and Company Market Perform to Underperform $7.00
2016-03-28 Upgrade Credit Suisse Neutral to Outperform $34.00 to $41.00
2016-03-28 Upgrade Credit Suisse Group AG Neutral to Outperform $34.00 to $41.00
2016-03-23 Reiterated Rating Deutsche Bank Hold $10.00 to $13.00
2016-03-23 Reiterated Rating Deutsche Bank AG Hold $10.00 to $13.00
2016-03-17 Reiterated Rating Bank of America Underperform
2016-03-03 Initiated Coverage Berenberg Bank Hold $13.90
2016-02-11 Lower Price Target Rosenblatt Securities Buy $23.00 to $18.00
2016-02-09 Lower Price Target Buckingham Research Buy $23.00 to $20.00
2016-01-28 Lower Price Target Deutsche Bank Hold $15.00 to $10.00
2016-01-27 Reiterated Rating Bank of America Underperform $9.00 to $8.00
2016-01-27 Lower Price Target Sterne Agee CRT Buy $20.00 to $17.00
2016-01-19 Reiterated Rating Rosenblatt Securities Buy $23.00
2016-01-15 Reiterated Rating Bank of America Underperform $9.00
2016-01-07 Reiterated Rating Cowen and Company Market Perform $18.00 to $13.00
2015-12-11 Upgrade Rosenblatt Securities Neutral to Buy $23.00
2015-10-21 Lower Price Target Sterne Agee CRT Buy $25.00 to $20.00
2015-10-21 Reiterated Rating Cowen and Company Market Perform $23.00 to $18.00
2015-10-21 Downgrade Deutsche Bank Buy to Hold $15.00
2015-10-20 Downgrade Bank of America Neutral to Underperform $20.00 to $15.00
2015-10-05 Upgrade Deutsche Bank Hold to Buy $27.00 to $20.00
2015-10-01 Lower Price Target Stifel Nicolaus Buy $50.00 to $40.00
2015-09-09 Initiated Coverage Rosenblatt Securities Neutral $22.00
2015-09-03 Reiterated Rating Cowen and Company M to Market Perform $29.00 to $23.00
2015-07-21 Downgrade Bank of America Buy to Neutral $35.00 to $24.00
2015-07-02 Reiterated Rating Deutsche Bank Hold $35.00 to $33.00
2015-01-12 Lower Price Target Deutsche Bank Hold $40.00 to $35.00
2014-12-16 Upgrade Sterne Agee CRT Neutral to Buy $38.00
2014-11-07 Reiterated Rating Buckingham Research Buy $51.00 to $47.00
2014-10-21 Lower Price Target Topeka Capital Markets Hold $41.00 to $38.00
2014-10-07 Downgrade ING Group Buy to Hold
2014-10-07 Downgrade KeyBanc Buy to Hold
2014-10-07 Downgrade KeyCorp Buy to Hold
2014-07-23 Reiterated Rating JPMorgan Chase & Co. Underweight $30.00 to $31.00
2014-07-23 Lower Price Target KeyBanc $53.00 to $51.00
2014-07-08 Initiated Coverage Northcoast Research Buy $54.00
2014-07-03 Reiterated Rating Deutsche Bank Hold $41.00 to $43.00
2014-07-01 Boost Price Target Cowen and Company $35.00 to $48.00
2014-06-30 Boost Price Target Stifel Nicolaus Buy $45.00 to $50.00
2014-06-26 Boost Price Target KeyBanc Buy $48.00 to $53.00
2014-05-12 Upgrade Ned Davis Research Sell to Neutral
2014-04-23 Reiterated Rating Deutsche Bank Hold $36.00 to $41.00
2014-04-23 Boost Price Target KeyBanc Buy $38.00 to $48.00
2014-04-16 Reiterated Rating JPMorgan Chase & Co. Underweight $25.00
2014-04-14 Upgrade Sterne Agee CRT Underperform to Neutral $27.00 to $39.00
2014-04-04 Boost Price Target Buckingham Research $40.00 to $44.00
2014-04-04 Boost Price Target Cowen and Company $29.00 to $35.00
2014-04-03 Reiterated Rating Credit Suisse Outperform $41.00 to $47.00
2014-02-24 Upgrade Ned Davis Research Sell to Neutral
2014-01-23 Upgrade Credit Suisse Neutral to Outperform $34.00 to $41.00
2014-01-21 Initiated Coverage JPMorgan Chase & Co. Underweight
2014-01-15 Boost Price Target KeyBanc $40.00 to $44.00
2014-01-10 Downgrade Deutsche Bank Buy to Hold $36.00
2013-12-09 Upgrade Buckingham Research Neutral to Buy $27.00 to $40.00
2013-10-24 Boost Price Target Credit Suisse Neutral $27.00 to $34.00
2013-10-16 Initiated Coverage Sterne Agee CRT Underperform $27.00 to $32.03
2013-09-18 Boost Price Target KeyBanc Buy $36.00 to $38.00
2012-06-14 Upgrade Deutsche Bank Hold to Buy $50 to $50
2011-05-23 Reiterated Stifel Nicolaus Buy $78 to $85
2011-04-28 Reiterated Deutsche Bank Hold $60 to $65
2011-04-28 Reiterated Davenport Buy $78 to $90
2011-02-08 Reiterated UBS Buy $65 to $75
2011-01-27 Reiterated Stifel Nicolaus Buy $65 to $78
2011-01-27 Reiterated Deutsche Bank Hold $45 to $60
2010-10-18 Reiterated Deutsche Bank Hold $47 to $45
2010-04-21 Upgrade KeyBanc Capital Mkts Hold to Buy $65
2010-03-24 Reiterated UBS Buy $50 to $62
2010-01-04 Reiterated Stifel Nicolaus Buy $45 to $55
2009-12-18 Upgrade JP Morgan Underweight to Neutral $34.50 to $43
2009-10-15 Upgrade UBS Neutral to Buy
2009-09-25 Reiterated Stifel Nicolaus Buy $38 to $45
2009-08-06 Initiated Stifel Nicolaus Buy $38
2009-04-21 Downgrade Citigroup Hold to Sell
2009-03-23 Downgrade Davenport Buy to Neutral $32 to $26
2016-06-17 Reiterated Rating Bank of America Buy
2016-06-17 Reiterated Rating Bank of America Corp. Buy
2016-05-23 Upgrade Bank of America Underperform to Buy $14.00
2016-05-18 Reiterated Rating Berenberg Bank Hold
2016-04-19 Reiterated Rating Rosenblatt Securities Buy $18.00 to $26.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
HARSHMAN RICHARD J Chairman, President and CEO 0.52%  (566756) AEE / ATI /
Dalton Hunter R EVP, Long Products 0.15%  (160884) ATI /
Sims John D EVP, Forg & Cast, Ti Ops 0.14%  (150680) ATI /
DUNLAP TERRY L EVP, Flat-Rolled Products 0.12%  (133689) ATI / MATW /
Davis Elliot S Sr VP, GC, CCO and Secretary 0.11%  (122356) ATI /
REID DALE G Sr. VP, Finance and PFO 0.09%  (97905) ATI /
DeCourcy Patrick J Senior VP, Finance and CFO 0.08%  (90195) ATI /
Kramer Kevin B Sr. VP, CCMO 0.07%  (80083) ATI / SRI /
WETHERBEE ROBERT S EVP, ATI Flat-Rolled Products 0.06%  (69903) ATI /
Powers Elizabeth C Senior VP, CHRO 0.06%  (60524) ATI /
Hogan David M EVP, Engineered Products Seg. 0.05%  (54611) ATI /
TURNER JOHN D 0.04%  (43360) ATI / MATW /
CREEL DIANE C 0.04%  (41113) ATI / NPO / TKR / URS /
Schwartz Karl D Controller & Princ. Acctg Off. 0.04%  (38979) ATI /
JEREMIAH BARABARA S 0.03%  (37806) ATI / FNFG /
HARVEY J BRETT 0.03%  (36925) ATI / CNX /
DIGGS JAMES C 0.03%  (36463) ATI / BDN /
ROHR JAMES E 0.03%  (35794) ATI / EQT / GE / MPC / PNC /
Pipski John R 0.03%  (32059) ATI /
VROMAN GARY J EVP, High Perf Forgings 0.03%  (27240) ATI /
THOMAS LOUIS J 0.02%  (26239) ATI /
Corvi Carolyn 0.02%  (25111) ATI / HY / UAL /
Joyce Michael 0.02%  (18113) ATI / BDN /
Morehouse David J 0.01%  (15794) ATI /

Comments