Metallus Inc. (NYSE:MTUS – Get Free Report) EVP Kristine Syrvalin sold 4,643 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $22.00, for a total transaction of $102,146.00. Following the sale, the executive vice president owned 101,078 shares in the company, valued at approximately $2,223,716. The trade was a 4.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Metallus Price Performance
Shares of NYSE:MTUS opened at $17.88 on Thursday. The company has a market capitalization of $740.92 million, a P/E ratio of 32.50, a P/E/G ratio of 1.60 and a beta of 1.36. Metallus Inc. has a 1-year low of $14.19 and a 1-year high of $22.58. The firm’s 50 day simple moving average is $19.81 and its two-hundred day simple moving average is $19.15.
Metallus (NYSE:MTUS – Get Free Report) last announced its quarterly earnings data on Monday, November 2nd. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. Metallus had a net margin of 1.90% and a return on equity of 3.75%. The firm had revenue of $259.70 million during the quarter, compared to analysts’ expectations of $345.15 million. On average, sell-side analysts anticipate that Metallus Inc. will post 0.82 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Metallus
Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of Metallus during the second quarter valued at about $108,942,000. Donald Smith & CO. Inc. bought a new stake in shares of Metallus in the second quarter worth about $11,375,000. Emerald Advisers LLC purchased a new stake in shares of Metallus in the first quarter worth about $6,146,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Metallus in the first quarter worth about $3,887,000. Finally, Bank of New York Mellon Corp bought a new position in Metallus during the second quarter valued at approximately $4,304,000. Hedge funds and other institutional investors own 77.58% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the company. KeyCorp restated a “sector weight” rating on shares of Metallus in a research report on Wednesday. Zacks Research upgraded Metallus from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Metallus in a research note on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Metallus has an average rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on MTUS
Trending Headlines about Metallus
Here are the key news stories impacting Metallus this week:
- Positive Sentiment: Metallus posted third-quarter adjusted EPS of $0.35, topping the $0.30 FactSet estimate by $0.05. Earnings flash
- Neutral Sentiment: Two executives sold shares on November 2 at an average $22 per share. EVP Kevin Raketich sold 1,080 shares and retained 132,080; EVP Kristine Syrvalin sold 4,643 and retained 101,078. The sales were relatively small compared with their remaining holdings, so their significance may be limited. Raketich SEC filing Syrvalin SEC filing
- Negative Sentiment: Quarterly revenue of $259.7 million fell well short of the $345.15 million analyst estimate. That large top-line miss may have outweighed the EPS beat and weighed on investor sentiment. Metallus earnings results
About Metallus
Metallus, Inc is a specialty metals manufacturer based in Canton, Ohio. The company produces alloy steel and other engineered materials for applications that require strength, durability, and precision. Its products are used in demanding industrial and transportation applications.
The company’s offerings include special bar quality steel, seamless mechanical tubing, and precision-engineered steel components. Metallus serves customers in markets such as automotive, aerospace and defense, energy, industrial equipment, and other manufacturing sectors.
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