Metallus Inc. (NYSE:MTUS) Receives Average Rating of “Reduce” from Analysts

Shares of Metallus Inc. (NYSE:MTUS) have been given an average recommendation of “Reduce” by the five analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $24.00.

MTUS has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Metallus from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings reiterated a “sell (d)” rating on shares of Metallus in a research note on Thursday, January 22nd. Zacks Research cut Metallus from a “hold” rating to a “strong sell” rating in a research report on Monday, March 2nd. Finally, KeyCorp initiated coverage on Metallus in a research note on Wednesday. They set a “sector weight” rating for the company.

Metallus Trading Up 2.1%

NYSE MTUS traded up $0.34 during trading on Wednesday, hitting $16.75. 23,685 shares of the company traded hands, compared to its average volume of 468,670. Metallus has a 12 month low of $10.78 and a 12 month high of $21.73. The business has a fifty day simple moving average of $18.57 and a 200 day simple moving average of $17.68. The company has a market capitalization of $698.98 million, a P/E ratio of -557.98, a PEG ratio of 1.09 and a beta of 1.43.

Metallus (NYSE:MTUS) last released its quarterly earnings results on Thursday, February 19th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.23). Metallus had a positive return on equity of 2.30% and a negative net margin of 0.10%.The company had revenue of $267.30 million for the quarter, compared to the consensus estimate of $290.83 million. Equities research analysts predict that Metallus will post 0.66 EPS for the current fiscal year.

Insider Buying and Selling

In other Metallus news, COO Kristopher R. Westbrooks sold 10,932 shares of the firm’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $20.06, for a total value of $219,295.92. Following the sale, the chief operating officer directly owned 189,076 shares in the company, valued at $3,792,864.56. This trade represents a 5.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 16,104 shares of company stock worth $328,592. 3.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Keybank National Association OH lifted its holdings in Metallus by 2.6% during the 4th quarter. Keybank National Association OH now owns 40,214 shares of the company’s stock valued at $690,000 after purchasing an additional 1,001 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Metallus by 6.7% in the second quarter. PNC Financial Services Group Inc. now owns 18,585 shares of the company’s stock valued at $286,000 after acquiring an additional 1,169 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Metallus by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 103,343 shares of the company’s stock worth $1,593,000 after acquiring an additional 1,479 shares in the last quarter. SG Americas Securities LLC grew its position in Metallus by 12.0% during the 4th quarter. SG Americas Securities LLC now owns 14,004 shares of the company’s stock worth $240,000 after acquiring an additional 1,499 shares during the last quarter. Finally, Illinois Municipal Retirement Fund increased its holdings in Metallus by 8.4% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 19,319 shares of the company’s stock valued at $319,000 after purchasing an additional 1,503 shares in the last quarter. 77.58% of the stock is owned by institutional investors.

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.