Northern Trust Corp Has $7.33 Million Stake in Metallus Inc. (NYSE:MTUS)

Northern Trust Corp boosted its stake in Metallus Inc. (NYSE:MTUS) by 27.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 518,790 shares of the company’s stock after acquiring an additional 112,758 shares during the quarter. Northern Trust Corp owned 1.22% of Metallus worth $7,331,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Exchange Traded Concepts LLC grew its stake in Metallus by 5.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 67,052 shares of the company’s stock valued at $947,000 after purchasing an additional 3,528 shares in the last quarter. Empowered Funds LLC grew its holdings in Metallus by 5.1% in the 4th quarter. Empowered Funds LLC now owns 252,700 shares of the company’s stock valued at $3,571,000 after buying an additional 12,291 shares in the last quarter. Azarias Capital Management L.P. acquired a new stake in Metallus in the 4th quarter worth about $9,382,000. Rhumbline Advisers grew its position in Metallus by 2.8% during the fourth quarter. Rhumbline Advisers now owns 125,443 shares of the company’s stock worth $1,772,000 after buying an additional 3,386 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Metallus by 1.8% in the 4th quarter. Principal Financial Group Inc. now owns 202,805 shares of the company’s stock valued at $2,866,000 after buying an additional 3,511 shares during the period. 77.58% of the stock is owned by institutional investors and hedge funds.

Metallus Stock Down 0.4%

Shares of NYSE:MTUS opened at $13.35 on Tuesday. The business has a fifty day simple moving average of $13.01 and a 200 day simple moving average of $14.37. The firm has a market cap of $562.14 million, a P/E ratio of 25.67, a P/E/G ratio of 1.02 and a beta of 1.44. Metallus Inc. has a 12-month low of $10.78 and a 12-month high of $24.31.

Metallus (NYSE:MTUS) last announced its earnings results on Thursday, May 8th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). The firm had revenue of $280.50 million for the quarter, compared to the consensus estimate of $264.03 million. Metallus had a return on equity of 6.15% and a net margin of 2.05%. Metallus’s quarterly revenue was down 12.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.56 EPS. As a group, equities research analysts expect that Metallus Inc. will post 0.66 EPS for the current year.

Analyst Ratings Changes

Separately, Sidoti upgraded Metallus to a “hold” rating in a research report on Friday, May 9th.

Metallus 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.