Key Points
- COO Kristopher Westbrooks sold 10,932 shares on Jan. 14 at an average price of $20.06 for about $219,296, cutting his stake by 5.47% to 189,076 shares, as disclosed in an SEC filing.
- MTUS stock jumped roughly 4.5%, opening at $20.22 with a market cap of $841.95M, a negative P/E of -106.39, 50-/200-day SMAs of $17.47/$16.87, and a 1-year range of $10.78–$20.24.
- Metallus reported quarterly EPS of $0.28 (beating estimates) but revenue of $241.9M missed forecasts, and analysts are mixed—average rating "Reduce" with a $24 price target.
Metallus Inc. (NYSE:MTUS - Get Free Report) COO Kristopher Westbrooks sold 10,932 shares of the stock in a transaction that occurred 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 of the company's stock, valued at $3,792,864.56. The trade was a 5.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Metallus Trading Up 4.5%
MTUS stock opened at $20.22 on Thursday. The stock has a market cap of $841.95 million, a P/E ratio of -106.39, a P/E/G ratio of 1.15 and a beta of 1.47. The stock's fifty day simple moving average is $17.47 and its two-hundred day simple moving average is $16.87. Metallus Inc. has a 1-year low of $10.78 and a 1-year high of $20.24.
Metallus (NYSE:MTUS - Get Free Report) last announced its 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. The firm had revenue of $241.90 million during the quarter, compared to analyst estimates of $307.90 million. Metallus had a positive return on equity of 2.94% and a negative net margin of 0.73%. As a group, analysts forecast that Metallus Inc. will post 0.66 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Metallus
Several institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC grew its position in shares of Metallus by 12.0% in the fourth quarter. SG Americas Securities LLC now owns 14,004 shares of the company's stock valued at $240,000 after purchasing an additional 1,499 shares in the last quarter. Farmers Trust Co. grew its holdings in Metallus by 4.9% during the 4th quarter. Farmers Trust Co. now owns 43,050 shares of the company's stock valued at $739,000 after buying an additional 2,000 shares in the last quarter. Wexford Capital LP increased its position in shares of Metallus by 2.0% during the third quarter. Wexford Capital LP now owns 105,543 shares of the company's stock valued at $1,745,000 after buying an additional 2,041 shares during the period. Verition Fund Management LLC purchased a new stake in shares of Metallus in the third quarter worth about $291,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Metallus in the third quarter worth about $33,000. Hedge funds and other institutional investors own 77.58% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the stock. Weiss Ratings restated a "sell (d)" rating on shares of Metallus in a research note on Wednesday, October 8th. Zacks Research downgraded Metallus from a "hold" rating to a "strong sell" rating in a research report on Thursday, January 1st. Finally, Wall Street Zen raised Metallus from a "hold" rating to a "buy" rating in a research report on Saturday, December 13th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Metallus presently has an average rating of "Reduce" and an average price target of $24.00.
View Our Latest Research Report on Metallus
About Metallus
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
