Metallus (NYSE:MTUS) Rating Lowered to “Hold” at Wall Street Zen

Metallus (NYSE:MTUS) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

MTUS has been the subject of a number of other reports. Zacks Research upgraded shares of Metallus from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Metallus in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $24.00.

Metallus Price Performance

NYSE MTUS opened at $17.03 on Friday. Metallus has a one year low of $10.78 and a one year high of $21.73. The business has a 50 day simple moving average of $19.30 and a 200 day simple moving average of $17.71. The stock has a market capitalization of $710.58 million, a P/E ratio of -567.41, a P/E/G ratio of 1.21 and a beta of 1.48.

Metallus (NYSE:MTUS) last released its earnings results on Thursday, February 19th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.23). The company had revenue of $267.30 million for the quarter, compared to analyst estimates of $290.83 million. Metallus had a negative net margin of 0.10% and a positive return on equity of 2.30%. Equities analysts expect that Metallus will post 0.66 earnings per share for the current year.

Insider Activity

In other Metallus news, COO Kristopher R. Westbrooks sold 2,128 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $21.28, for a total transaction of $45,283.84. Following the sale, the chief operating officer directly owned 189,076 shares of the company’s stock, valued at $4,023,537.28. This represents a 1.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 16,104 shares of company stock valued at $328,592 in the last 90 days. Insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its position in shares of Metallus by 4.2% during the 2nd quarter. American Century Companies Inc. now owns 1,501,577 shares of the company’s stock valued at $23,139,000 after purchasing an additional 60,251 shares during the last quarter. South Dakota Investment Council lifted its holdings in shares of Metallus by 273.8% in the 2nd quarter. South Dakota Investment Council now owns 411,537 shares of the company’s stock worth $6,342,000 after acquiring an additional 301,431 shares during the last quarter. Donald Smith & CO. Inc. purchased a new stake in shares of Metallus in the 2nd quarter valued at $8,575,000. Systematic Financial Management LP boosted its stake in shares of Metallus by 7.2% in the 2nd quarter. Systematic Financial Management LP now owns 1,402,969 shares of the company’s stock valued at $21,620,000 after purchasing an additional 94,455 shares in the last quarter. Finally, Brandywine Global Investment Management LLC bought a new position in shares of Metallus during the 2nd quarter valued at $1,138,000. Institutional investors own 77.58% of the company’s stock.

About Metallus

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.