Key Points
- Metallus EVP Kristine Syrvalin sold 5,000 shares at an average price of $21.12, generating $105,600. She retains 101,078 shares following the transaction.
- Metallus recently reported quarterly EPS of $0.26, exceeding estimates of $0.24, but revenue of $261.4 million fell short of the $330.85 million consensus estimate. Analysts expect full-year EPS of approximately $0.83.
- Institutional investors own 77.58% of the company, with BlackRock initiating a stake worth roughly $108.9 million. Analysts maintain a consensus “Hold” rating.
Metallus Inc. (NYSE:MTUS - Get Free Report) EVP Kristine Syrvalin sold 5,000 shares of the stock in a transaction on Monday, October 5th. The stock was sold at an average price of $21.12, for a total value of $105,600.00. Following the completion of the transaction, the executive vice president owned 101,078 shares in the company, valued at approximately $2,134,767.36. This represents a 4.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Metallus Price Performance
NYSE MTUS opened at $21.04 on Tuesday. The company has a fifty day moving average price of $19.95 and a 200-day moving average price of $19.04. The firm has a market cap of $872.07 million, a price-to-earnings ratio of 110.74, a PEG ratio of 1.60 and a beta of 1.37. Metallus Inc. has a 1 year low of $14.19 and a 1 year high of $22.58.
Metallus (NYSE:MTUS - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. Metallus had a net margin of 0.66% and a return on equity of 3.35%. The company had revenue of $261.40 million for the quarter, compared to analyst estimates of $330.85 million. On average, research analysts anticipate that Metallus Inc. will post 0.83 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of MTUS. BlackRock Inc. purchased a new stake in shares of Metallus during the 2nd quarter worth approximately $108,942,000. Donald Smith & CO. Inc. lifted its stake in Metallus by 49.6% in the fourth quarter. Donald Smith & CO. Inc. now owns 963,671 shares of the company's stock valued at $16,537,000 after purchasing an additional 319,465 shares during the last quarter. Azarias Capital Management L.P. grew its holdings in Metallus by 12.1% during the first quarter. Azarias Capital Management L.P. now owns 543,322 shares of the company's stock valued at $8,878,000 after purchasing an additional 58,511 shares during the period. Emerald Advisers LLC bought a new position in Metallus during the first quarter valued at $6,146,000. Finally, Sei Investments Co. increased its position in Metallus by 32.1% in the first quarter. Sei Investments Co. now owns 287,643 shares of the company's stock worth $4,700,000 after buying an additional 69,874 shares during the last quarter. 77.58% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Metallus in a research report on Friday, September 4th. KeyCorp reaffirmed a "sector weight" rating on shares of Metallus in a research report on Wednesday, August 5th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of "Hold".
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About Metallus
(
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Metallus, Inc (NYSE: MTUS) is a steel manufacturer focused on specialty alloys and engineered metal products. The company produces high-performance alloy steel, specialty bar quality (SBQ) steel, seamless mechanical tubing and related components designed for demanding industrial applications.
Its products serve customers in markets including automotive, industrial equipment, energy, aerospace and defense, and other applications that require strength, durability and precise material performance.
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