Metallus (NYSE:MTUS) COO Sells $62,059.53 in Stock

Metallus Inc. (NYSE:MTUS) COO Kristopher Westbrooks sold 2,951 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $21.03, for a total value of $62,059.53. Following the transaction, the chief operating officer directly owned 189,076 shares in the company, valued at approximately $3,976,268.28. This represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Metallus Price Performance

Shares of NYSE MTUS opened at $21.33 on Friday. Metallus Inc. has a one year low of $10.78 and a one year high of $21.54. The stock has a market capitalization of $888.39 million, a P/E ratio of -112.26, a PEG ratio of 1.23 and a beta of 1.48. The firm’s 50 day simple moving average is $18.80 and its two-hundred day simple moving average is $17.34.

Metallus (NYSE:MTUS) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.11. Metallus had a negative net margin of 0.73% and a positive return on equity of 2.94%. The business had revenue of $241.90 million during the quarter, compared to analyst estimates of $307.90 million. As a group, equities analysts expect that Metallus Inc. will post 0.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Metallus

Several hedge funds and other institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. bought a new position in Metallus during the 3rd quarter worth about $33,000. iSAM Funds UK Ltd acquired a new position in Metallus during the 3rd quarter valued at about $53,000. Huntington National Bank raised its position in shares of Metallus by 85.1% in the 2nd quarter. Huntington National Bank now owns 5,470 shares of the company’s stock valued at $84,000 after purchasing an additional 2,515 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Metallus during the second quarter valued at $110,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Metallus by 138.3% in the third quarter. BNP Paribas Financial Markets now owns 9,038 shares of the company’s stock valued at $149,000 after purchasing an additional 5,246 shares during the period. 77.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MTUS shares. Zacks Research upgraded shares of Metallus from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Wall Street Zen upgraded Metallus from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Metallus in a research report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $24.00.

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.