Key Points
- COO Kristopher Westbrooks sold 2,128 shares at an average price of $21.28 for $45,283.84, and now owns 189,076 shares (a 1.11% reduction), valued at about $4.02 million.
- Metallus beat on quarterly EPS ($0.28 vs. $0.17 expected) but missed revenue ($241.9M vs. $307.9M consensus) and reported a negative net margin of -0.73%.
- Shares opened at $21.37 (up ~1.5%), near a 52-week high of $21.54 with a market cap of $890.06M; analysts have a consensus rating of Hold and an average target price of $24 amid mixed ratings (1 Buy, 2 Hold, 1 Sell).
Metallus Inc. (NYSE:MTUS - Get Free Report) COO Kristopher Westbrooks sold 2,128 shares of the business's stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $21.28, for a total transaction of $45,283.84. Following the transaction, the chief operating officer owned 189,076 shares of the company's stock, valued at $4,023,537.28. This represents a 1.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Metallus Stock Up 1.5%
Shares of MTUS stock opened at $21.37 on Thursday. Metallus Inc. has a 52-week low of $10.78 and a 52-week high of $21.54. The stock has a market cap of $890.06 million, a PE ratio of -112.47, a price-to-earnings-growth ratio of 1.25 and a beta of 1.48. The business has a 50-day simple moving average of $18.64 and a 200-day simple moving average of $17.29.
Metallus (NYSE:MTUS - Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.11. Metallus had a positive return on equity of 2.94% and a negative net margin of 0.73%.The company had revenue of $241.90 million during the quarter, compared to the consensus estimate of $307.90 million. Sell-side analysts anticipate that Metallus Inc. will post 0.66 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. First Citizens Bank & Trust Co. acquired a new stake in shares of Metallus during the 2nd quarter worth about $319,000. American Century Companies Inc. grew its stake in shares of Metallus by 4.2% in the second quarter. American Century Companies Inc. now owns 1,501,577 shares of the company's stock valued at $23,139,000 after buying an additional 60,251 shares in the last quarter. Donald Smith & CO. Inc. purchased a new stake in shares of Metallus in the 2nd quarter valued at $8,575,000. South Dakota Investment Council lifted its stake 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 acquiring an additional 301,431 shares in the last quarter. Finally, Systematic Financial Management LP lifted its position in shares of Metallus by 7.2% during the second quarter. Systematic Financial Management LP now owns 1,402,969 shares of the company's stock worth $21,620,000 after purchasing an additional 94,455 shares in the last quarter. Hedge funds and other institutional investors own 77.58% of the company's stock.
Analyst Upgrades and Downgrades
MTUS has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Metallus in a report on Thursday, January 22nd. Zacks Research raised shares of Metallus from a "strong sell" rating to a "hold" rating in a research note on Friday, January 30th. Finally, Wall Street Zen upgraded Metallus from a "hold" rating to a "buy" rating in a research note on Saturday, December 13th. One equities research 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.com, the company has a consensus rating of "Hold" and an average target price of $24.00.
View Our Latest Research Report on MTUS
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.
Further Reading
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