Kristopher Westbrooks Sells 10,932 Shares of Metallus (NYSE:MTUS) Stock

Metallus Inc. (NYSE:MTUS) COO Kristopher Westbrooks sold 10,932 shares of the stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $20.06, for a total transaction of $219,295.92. Following the sale, the chief operating officer owned 189,076 shares of the company’s stock, valued at approximately $3,792,864.56. This represents a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Metallus Stock Performance

MTUS opened at $20.83 on Friday. The stock’s 50 day moving average price is $17.54 and its 200-day moving average price is $16.89. The stock has a market capitalization of $867.57 million, a PE ratio of -109.63, a price-to-earnings-growth ratio of 1.20 and a beta of 1.47. Metallus Inc. has a 52-week low of $10.78 and a 52-week high of $21.01.

Metallus (NYSE:MTUS) last posted its earnings results on Thursday, November 6th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.17 by $0.11. Metallus had a negative net margin of 0.73% and a positive return on equity of 2.94%. The firm had revenue of $241.90 million during the quarter, compared to analysts’ expectations of $307.90 million. Research analysts forecast that Metallus Inc. will post 0.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Metallus

Several large investors have recently modified their holdings of MTUS. Northwestern Mutual Wealth Management Co. purchased a new stake in Metallus during the 3rd quarter valued at about $33,000. iSAM Funds UK Ltd bought a new position in shares of Metallus in the third quarter worth approximately $53,000. Huntington National Bank grew its holdings in shares of Metallus by 85.1% during the second quarter. Huntington National Bank now owns 5,470 shares of the company’s stock valued at $84,000 after buying an additional 2,515 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Metallus during the second quarter valued at approximately $110,000. Finally, Strs Ohio bought a new stake in shares of Metallus during the first quarter valued at approximately $142,000. Hedge funds and other institutional investors own 77.58% of the company’s stock.

Wall Street Analysts Forecast Growth

MTUS has been the topic of a number of research reports. Weiss Ratings restated a “sell (d)” rating on shares of Metallus in a report on Wednesday, October 8th. Wall Street Zen raised shares of Metallus from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Finally, Zacks Research lowered shares of Metallus from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Metallus presently has a consensus rating of “Reduce” and a consensus price target of $24.00.

Metallus Company Profile

Metallus, Inc (NYSE:MTUS) is an industrial metals recycling and distribution company that acquires, processes and markets a wide array of ferrous and non-ferrous materials. Its product portfolio includes stainless steel, nickel alloys, aluminum and other specialty metals sourced from manufacturing scrap, obsolete products and post-consumer waste streams. Metallus provides services such as shredding, sorting, melting and baling, enabling its customers to optimize metal recovery and streamline supply chains.

Headquartered in Philadelphia, Pennsylvania, the company operates processing facilities and distribution centers across the United States, facilitating efficient logistics and regional collection of metal grades.