Franklin Resources Inc. Makes New $178,000 Investment in Metallus Inc. (NYSE:MTUS)

Franklin Resources Inc. acquired a new position in Metallus Inc. (NYSE:MTUS) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 12,157 shares of the company’s stock, valued at approximately $178,000.

Other hedge funds also recently made changes to their positions in the company. FMR LLC purchased a new stake in shares of Metallus in the 3rd quarter valued at approximately $29,000. Mark Sheptoff Financial Planning LLC acquired a new stake in Metallus during the 3rd quarter valued at $41,000. Huntington National Bank acquired a new stake in Metallus during the 3rd quarter valued at $49,000. Y Intercept Hong Kong Ltd acquired a new stake in Metallus during the 3rd quarter worth about $156,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Metallus during the third quarter worth approximately $159,000. Institutional investors and hedge funds own 77.58% of the company’s stock.

Metallus Stock Down 3.1 %

Shares of NYSE:MTUS opened at $13.69 on Friday. Metallus Inc. has a 12-month low of $13.64 and a 12-month high of $24.31. The firm has a fifty day moving average of $15.28 and a two-hundred day moving average of $16.79. The firm has a market capitalization of $581.74 million, a P/E ratio of 26.33, a price-to-earnings-growth ratio of 1.66 and a beta of 1.39.

Metallus Company Profile

Metallus Inc manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally. The company offers special bar quality (SBQ) bars, seamless mechanical tubes, precision steel components, and billets that are used in gears, hubs, axles, crankshafts and motor shafts, oil country drill pipes, bits and collars, bearing races and rolling elements, bushings, fuel injectors, wind energy shafts, anti-friction bearings, artillery and mortar bodies, and other applications.