Metallus Inc. (NYSE:MTUS – Get Free Report) shares gapped down prior to trading on Tuesday. The stock had previously closed at $21.32, but opened at $19.90. Metallus shares last traded at $20.4880, with a volume of 20,918 shares changing hands.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. KeyCorp reissued a “sector weight” rating on shares of Metallus in a report on Wednesday. Zacks Research raised Metallus from a “hold” rating to a “strong-buy” rating in a report on Monday, October 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Metallus in a report on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Metallus has a consensus rating of “Moderate Buy”.
View Our Latest Stock Analysis on Metallus
Metallus Trading Down 12.4%
The firm’s 50-day moving average is $19.81 and its 200 day moving average is $19.15. The firm has a market capitalization of $648.69 million, a price-to-earnings ratio of 28.46, a P/E/G ratio of 1.60 and a beta of 1.36.
Metallus (NYSE:MTUS – Get Free Report) last announced its quarterly earnings results on Monday, November 2nd. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. The firm had revenue of $259.70 million during the quarter, compared to analysts’ expectations of $345.15 million. Metallus had a net margin of 1.90% and a return on equity of 3.75%. Analysts predict that Metallus Inc. will post 0.82 EPS for the current year.
Insider Buying and Selling at Metallus
In related news, EVP Kristine Syrvalin sold 4,643 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $22.00, for a total value of $102,146.00. Following the completion of the sale, the executive vice president directly owned 101,078 shares in the company, valued at $2,223,716. This represents a 4.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 10,723 shares of company stock valued at $231,506 over the last quarter. Insiders own 3.80% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of Metallus in the 2nd quarter valued at $108,942,000. Donald Smith & CO. Inc. bought a new position in Metallus during the second quarter worth $11,375,000. Emerald Advisers LLC bought a new position in Metallus during the first quarter worth $6,146,000. Sei Investments Co. raised its stake in Metallus by 32.1% during the first quarter. Sei Investments Co. now owns 287,643 shares of the company’s stock worth $4,700,000 after buying an additional 69,874 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in Metallus in the first quarter valued at $3,887,000. 77.58% of the stock is owned by institutional investors.
Metallus Company Profile
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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