Morningstar Rating

Stock Research and Analysis

by Andrew Lane

Bulls Say

Next-generation commercial airliners are expected to use a significantly higher proportion of titanium as a percentage of total weight relative to older models.
The company will benefit from an increase in unconventional techniques used to extract oil and natural gas due to its production of specialized alloys that stand up to harsh drilling environments.
The company’s aftermarket aerospace sales should increase as global air traffic continues its steady growth. Read more 

Bears Say

The company is leveraged to cyclical end markets, and its financial results have been volatile over the past several years.
Despite surcharge pricing for many of its products, raw material price increases can still dent the company’s near-term results.
Even though U.S. stainless steel consumption remains below pre-recession levels, stainless steel production capacity has increased in recent years. Read more 

Management

We assign a standard stewardship rating to Allegheny’s management team, as we believe that the company’s executives have been adept stewards of shareholder capital without distinguishing themselves as exemplary. CEO Richard Harshman, who became president   Read more 

Profile

Allegheny Technologies supplies diversified metals to a variety of end markets, including aerospace, energy, medical, and automotive. Some of the firm's major products include   Read more 

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