Wall Street Zen Downgrades Metallus (NYSE:MTUS) to Hold

Metallus (NYSE:MTUS) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Other analysts also recently issued reports about the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Metallus in a report on Thursday, January 22nd. Zacks Research upgraded Metallus from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $24.00.

Metallus Stock Down 1.6%

NYSE MTUS opened at $17.03 on Friday. Metallus has a 52 week low of $10.78 and a 52 week high of $21.73. The firm has a 50 day moving average of $19.30 and a two-hundred day moving average of $17.73. The stock has a market capitalization of $710.58 million, a PE ratio of -567.41, a price-to-earnings-growth ratio of 1.19 and a beta of 1.44.

Metallus (NYSE:MTUS) last released its quarterly earnings data 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). The firm had revenue of $267.30 million for the quarter, compared to analysts’ expectations of $290.83 million. Metallus had a positive return on equity of 2.30% and a negative net margin of 0.10%. On average, equities research analysts expect that Metallus will post 0.66 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Kristopher R. Westbrooks sold 2,128 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $21.28, for a total value of $45,283.84. Following the completion of the sale, the chief operating officer directly owned 189,076 shares of the company’s stock, valued at $4,023,537.28. This represents a 1.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 16,104 shares of company stock valued at $328,592. 3.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Metallus

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its position in shares of Metallus by 1.2% during the first quarter. Royal Bank of Canada now owns 316,569 shares of the company’s stock worth $4,229,000 after acquiring an additional 3,711 shares during the last quarter. Strs Ohio acquired a new stake in Metallus during the 1st quarter worth $142,000. South Dakota Investment Council grew its position in Metallus by 273.8% during the 2nd quarter. South Dakota Investment Council now owns 411,537 shares of the company’s stock worth $6,342,000 after purchasing an additional 301,431 shares during the last quarter. Huntington National Bank increased its stake in Metallus by 85.1% in the second 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 period. Finally, Boston Partners raised its holdings in shares of Metallus by 27.4% in the second quarter. Boston Partners now owns 44,160 shares of the company’s stock valued at $681,000 after buying an additional 9,494 shares during the last quarter. Hedge funds and other institutional investors own 77.58% of the company’s stock.

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.