Brandywine Global Investment Management LLC Purchases New Holdings in Metallus Inc. $MTUS

Brandywine Global Investment Management LLC purchased a new position in shares of Metallus Inc. (NYSE:MTUS) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 73,820 shares of the company’s stock, valued at approximately $1,138,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in MTUS. First Citizens Bank & Trust Co. bought a new position in shares of Metallus in the second quarter valued at $319,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Metallus by 68.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,937,438 shares of the company’s stock valued at $25,885,000 after acquiring an additional 784,804 shares during the last quarter. Azarias Capital Management L.P. grew its position in shares of Metallus by 14.1% in the 2nd quarter. Azarias Capital Management L.P. now owns 593,036 shares of the company’s stock valued at $9,139,000 after acquiring an additional 73,263 shares during the period. South Dakota Investment Council grew its position in shares of Metallus by 273.8% in the 2nd quarter. South Dakota Investment Council now owns 411,537 shares of the company’s stock valued at $6,342,000 after acquiring an additional 301,431 shares during the period. Finally, Voya Investment Management LLC increased its stake in shares of Metallus by 47.1% during the 1st quarter. Voya Investment Management LLC now owns 78,811 shares of the company’s stock worth $1,053,000 after purchasing an additional 25,223 shares during the last quarter. Institutional investors own 77.58% of the company’s stock.

Wall Street Analysts Forecast Growth

MTUS has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of Metallus from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Metallus in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Metallus presently has a consensus rating of “Hold” and a consensus price target of $24.00.

Metallus Stock Up 0.7%

Shares of Metallus stock opened at $16.31 on Tuesday. The stock has a market capitalization of $679.09 million, a price-to-earnings ratio of -31.97, a price-to-earnings-growth ratio of 2.02 and a beta of 1.48. Metallus Inc. has a twelve month low of $10.78 and a twelve month high of $18.50. The company has a 50-day simple moving average of $16.79 and a two-hundred day simple moving average of $15.79.

Metallus (NYSE:MTUS) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.11. Metallus had a negative net margin of 2.12% and a positive return on equity of 0.56%. The company had revenue of $241.90 million during the quarter, compared to the consensus estimate of $307.90 million. On average, sell-side analysts anticipate that Metallus Inc. will post 0.66 earnings per share for the current fiscal year.

Metallus Profile

Metallus Inc manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally. The company offers special bar quality (SBQ) bars, seamless mechanical tubes, precision steel components, and billets that are used in gears, hubs, axles, crankshafts and motor shafts, oil country drill pipes, bits and collars, bearing races and rolling elements, bushings, fuel injectors, wind energy shafts, anti-friction bearings, artillery and mortar bodies, and other applications.