Key Points
- EVP Kevin Raketich sold 1,080 Metallus shares at $22 each, totaling $23,760; he retained 132,080 shares after the sale.
- Metallus reported quarterly EPS of $0.35, beating the $0.30 consensus, but revenue of $259.7 million was well below analysts’ $345.15 million estimate.
- Analyst views are mixed but lean positive: MarketBeat classifies the consensus rating as “Moderate Buy,” with one Strong Buy and two Hold ratings.
Metallus Inc. (NYSE:MTUS - Get Free Report) EVP Kevin Raketich sold 1,080 shares of the business's stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $22.00, for a total transaction of $23,760.00. Following the sale, the executive vice president directly owned 132,080 shares of the company's stock, valued at approximately $2,905,760. The trade was a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Metallus Price Performance
MTUS opened at $17.88 on Thursday. Metallus Inc. has a fifty-two week low of $14.19 and a fifty-two week high of $22.58. The firm has a market capitalization of $740.92 million, a PE ratio of 32.50, a P/E/G ratio of 1.60 and a beta of 1.36. The company's 50-day moving average is $19.81 and its 200 day moving average is $19.15.
Metallus (NYSE:MTUS - Get Free Report) last announced its quarterly earnings results on Monday, November 2nd. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.05. The business had revenue of $259.70 million for the quarter, compared to analysts' expectations of $345.15 million. Metallus had a net margin of 1.90% and a return on equity of 3.75%. As a group, analysts expect that Metallus Inc. will post 0.82 EPS for the current year.
Metallus News Roundup
Here are the key news stories impacting Metallus this week:
- Positive Sentiment: Metallus posted third-quarter adjusted EPS of $0.35, topping the $0.30 FactSet estimate by $0.05. Earnings flash
- Neutral Sentiment: Two executives sold shares on November 2 at an average $22 per share. EVP Kevin Raketich sold 1,080 shares and retained 132,080; EVP Kristine Syrvalin sold 4,643 and retained 101,078. The sales were relatively small compared with their remaining holdings, so their significance may be limited. Raketich SEC filing Syrvalin SEC filing
- Negative Sentiment: Quarterly revenue of $259.7 million fell well short of the $345.15 million analyst estimate. That large top-line miss may have outweighed the EPS beat and weighed on investor sentiment. Metallus earnings results
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Metallus by 29.4% during the second quarter. GAMMA Investing LLC now owns 4,335 shares of the company's stock worth $81,000 after purchasing an additional 986 shares during the last quarter. Hodges Capital Management Inc. boosted its stake in Metallus by 8.2% in the first quarter. Hodges Capital Management Inc. now owns 17,110 shares of the company's stock valued at $280,000 after acquiring an additional 1,300 shares during the last quarter. Illinois Municipal Retirement Fund boosted its stake in Metallus by 8.8% in the first quarter. Illinois Municipal Retirement Fund now owns 20,065 shares of the company's stock valued at $328,000 after acquiring an additional 1,617 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Metallus during the 2nd quarter valued at approximately $37,000. Finally, Bank of America Corp DE grew its position in shares of Metallus by 7.3% during the 1st quarter. Bank of America Corp DE now owns 45,400 shares of the company's stock valued at $742,000 after acquiring an additional 3,085 shares during the period. 77.58% of the stock is owned by institutional investors.
Analysts Set New Price Targets
MTUS has been the subject of several analyst reports. Zacks Research raised Metallus from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 26th. KeyCorp reaffirmed a "sector weight" rating on shares of Metallus in a research report on Wednesday. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Metallus in a report on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy".
Get Our Latest Analysis on MTUS
About Metallus
(
Get Free Report)
Metallus, Inc is a specialty metals manufacturer based in Canton, Ohio. The company produces alloy steel and other engineered materials for applications that require strength, durability, and precision. Its products are used in demanding industrial and transportation applications.
The company's offerings include special bar quality steel, seamless mechanical tubing, and precision-engineered steel components. Metallus serves customers in markets such as automotive, aerospace and defense, energy, industrial equipment, and other manufacturing sectors.
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