Metallus Inc. $MTUS Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its holdings in shares of Metallus Inc. (NYSE:MTUS) by 1.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,223,150 shares of the company’s stock after selling 34,384 shares during the quarter. Vanguard Group Inc. owned 7.65% of Metallus worth $43,061,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MTUS. GAMMA Investing LLC increased its holdings in Metallus by 108.1% during the 1st quarter. GAMMA Investing LLC now owns 1,883 shares of the company’s stock worth $25,000 after purchasing an additional 978 shares during the last quarter. CWM LLC boosted its stake in shares of Metallus by 60.2% during the 1st quarter. CWM LLC now owns 3,421 shares of the company’s stock valued at $46,000 after buying an additional 1,286 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Metallus by 103.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,775 shares of the company’s stock worth $67,000 after buying an additional 2,431 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Metallus in the first quarter worth $67,000. Finally, Teacher Retirement System of Texas acquired a new stake in Metallus in the first quarter valued at $142,000. Hedge funds and other institutional investors own 77.58% of the company’s stock.

Insider Buying and Selling at Metallus

In other news, CAO Nicholas A. Yacobozzi sold 21,974 shares of Metallus stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $18.00, for a total transaction of $395,532.00. Following the sale, the chief accounting officer owned 48,889 shares of the company’s stock, valued at approximately $880,002. The trade was a 31.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Kristine C. Syrvalin sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $18.00, for a total value of $135,000.00. Following the completion of the sale, the executive vice president owned 89,910 shares in the company, valued at approximately $1,618,380. This represents a 7.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,974 shares of company stock worth $786,532. 3.60% of the stock is owned by company insiders.

Metallus Stock Performance

Shares of MTUS opened at $16.65 on Tuesday. The firm has a fifty day moving average of $15.84 and a 200-day moving average of $14.39. The company has a market cap of $696.40 million, a price-to-earnings ratio of -32.65, a price-to-earnings-growth ratio of 1.88 and a beta of 1.42. Metallus Inc. has a 1 year low of $10.78 and a 1 year high of $18.17.

Metallus (NYSE:MTUS) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The business had revenue of $304.60 million for the quarter, compared to analysts’ expectations of $297.83 million. Metallus had a negative net margin of 2.12% and a positive return on equity of 0.56%. Analysts predict that Metallus Inc. will post 0.66 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Sidoti raised shares of Metallus to a “hold” rating in a report on Friday, May 9th. Wall Street Zen raised shares of Metallus from a “sell” rating to a “hold” rating in a research report on Saturday, July 5th. Finally, Northcoast Research assumed coverage on Metallus in a report on Wednesday, July 23rd. They issued a “buy” rating and a $24.00 price objective for the company. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Metallus has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

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.