Metallus (NYSE:MTUS) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Metallus (NYSE:MTUS) from a buy rating to a hold rating in a report issued on Saturday.

Other equities analysts also recently issued research reports about the stock. Northcoast Research assumed coverage on shares of Metallus in a research note on Wednesday, July 23rd. They set a “buy” rating and a $24.00 target price for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Metallus in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $24.00.

Metallus Stock Performance

Shares of Metallus stock opened at $15.61 on Friday. The business has a 50-day simple moving average of $16.86 and a 200-day simple moving average of $15.68. Metallus has a one year low of $10.78 and a one year high of $18.50. The company has a market cap of $650.10 million, a PE ratio of -30.61, a P/E/G ratio of 2.02 and a beta of 1.48.

Metallus (NYSE:MTUS) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping 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 predict that Metallus will post 0.66 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Metallus

Hedge funds have recently made changes to their positions in the company. Teacher Retirement System of Texas purchased a new position in Metallus during the 1st quarter worth approximately $142,000. Principal Financial Group Inc. boosted its holdings in shares of Metallus by 2.6% in the first quarter. Principal Financial Group Inc. now owns 207,994 shares of the company’s stock valued at $2,779,000 after acquiring an additional 5,189 shares during the period. First Citizens Bank & Trust Co. purchased a new position in shares of Metallus during the second quarter worth approximately $319,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Metallus by 68.1% in the 1st 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 period. Finally, Azarias Capital Management L.P. raised its position in 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 purchasing an additional 73,263 shares during the last quarter. Hedge funds and other institutional investors own 77.58% of the company’s stock.

Metallus Company 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.