The President & CEO of Allegheny Technologies (NYSE: ATI) is Buying Shares

Today, the President & CEO of Allegheny Technologies (ATIResearch Report), Robert Wetherbee, bought shares of ATI for $91.8K.

This recent transaction increases Robert Wetherbee’s holding in the company by 4.62% to a total of $2.01 million.

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Based on Allegheny Technologies’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.08 billion and quarterly net profit of $75.1 million. In comparison, last year the company earned revenue of $1.01 billion and had a net profit of $72.8 million. The company has a one-year high of $30.18 and a one-year low of $17.38. ATI’s market cap is $2.3B and the company has a P/E ratio of 13.75.

Three different firms, including Barclays and Cowen & Co., currently also have a Buy rating on the stock.

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Allegheny Technologies, Inc. engages in the manufacture of specialty materials and components for different industries which include aerospace and defense, oil and gas, chemical process, and electrical energy. It operates through the High Performance Materials and Components (HPMC) and Flat Rolled Products (FRP) segments.