Metallus Inc. (NYSE:MTUS – Get Free Report)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $18.62, but opened at $17.51. Metallus shares last traded at $19.1340, with a volume of 38,680 shares.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on MTUS. Weiss Ratings restated a “sell (d)” rating on shares of Metallus in a research report on Tuesday, April 21st. KeyCorp began coverage on shares of Metallus in a report on Wednesday, March 25th. They set a “sector weight” rating for the company. Wall Street Zen cut shares of Metallus from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Zacks Research upgraded shares of Metallus from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.00.
Read Our Latest Analysis on Metallus
Metallus Price Performance
Metallus (NYSE:MTUS – Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.13 by $0.05. The business had revenue of $308.30 million during the quarter, compared to the consensus estimate of $303.47 million. Metallus had a negative net margin of 0.10% and a positive return on equity of 2.30%. Analysts expect that Metallus Inc. will post 0.96 EPS for the current year.
Insider Activity at Metallus
In related news, COO Kristopher R. Westbrooks sold 2,128 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $21.28, for a total value of $45,283.84. Following the completion of the sale, the chief operating officer owned 189,076 shares in the company, valued at approximately $4,023,537.28. This represents a 1.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.80% of the company’s stock.
Institutional Investors Weigh In On Metallus
Hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Metallus in the 3rd quarter valued at approximately $33,000. iSAM Funds UK Ltd purchased a new stake in shares of Metallus in the 3rd quarter valued at approximately $53,000. Quantbot Technologies LP purchased a new stake in shares of Metallus in the 2nd quarter valued at approximately $110,000. State of Wyoming lifted its position in shares of Metallus by 1,215.5% in the 4th quarter. State of Wyoming now owns 8,998 shares of the company’s stock valued at $154,000 after acquiring an additional 8,314 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Metallus by 138.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,038 shares of the company’s stock valued at $149,000 after acquiring an additional 5,246 shares in the last quarter. Hedge funds and other institutional investors own 77.58% of the company’s stock.
Metallus Company Profile
Metallus, Inc (NYSE:MTUS) is an industrial metals recycling and distribution company that acquires, processes and markets a wide array of ferrous and non-ferrous materials. Its product portfolio includes stainless steel, nickel alloys, aluminum and other specialty metals sourced from manufacturing scrap, obsolete products and post-consumer waste streams. Metallus provides services such as shredding, sorting, melting and baling, enabling its customers to optimize metal recovery and streamline supply chains.
Headquartered in Philadelphia, Pennsylvania, the company operates processing facilities and distribution centers across the United States, facilitating efficient logistics and regional collection of metal grades.
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