Metallus (NYSE:MTUS) Now Covered by KeyCorp

KeyCorp assumed coverage on shares of Metallus (NYSE:MTUS) in a report issued on Wednesday. The brokerage issued a sector weight rating on the stock.

Other analysts also recently issued research reports about the stock. Weiss Ratings restated a “sell (d)” rating on shares of Metallus in a report on Thursday, January 22nd. Zacks Research cut shares of Metallus from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen downgraded shares of Metallus from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $24.00.

Metallus Trading Up 1.5%

Shares of Metallus stock opened at $16.66 on Wednesday. The business’s fifty day simple moving average is $18.50 and its 200 day simple moving average is $17.68. Metallus has a 12 month low of $10.78 and a 12 month high of $21.73. The firm has a market capitalization of $695.22 million, a P/E ratio of -555.15, a price-to-earnings-growth ratio of 1.15 and a beta of 1.43.

Metallus (NYSE:MTUS) last announced its quarterly earnings data 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). Metallus had a negative net margin of 0.10% and a positive return on equity of 2.30%. The business had revenue of $267.30 million during the quarter, compared to the consensus estimate of $290.83 million. Analysts predict that Metallus will post 0.66 EPS for the current fiscal year.

Insider Buying and Selling

In other Metallus news, COO Kristopher R. Westbrooks sold 2,128 shares of the 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 completion of the transaction, the chief operating officer owned 189,076 shares in the company, valued at $4,023,537.28. This trade represents a 1.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 16,104 shares of company stock worth $328,592 over the last quarter. 3.80% of the stock is owned by corporate insiders.

Institutional Trading of Metallus

Institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. bought a new stake in Metallus during the 3rd quarter valued at $33,000. iSAM Funds UK Ltd bought a new position in shares of Metallus in the third quarter worth $53,000. Quantbot Technologies LP purchased a new position in shares of Metallus in the second quarter valued at $110,000. Strs Ohio purchased a new position in shares of Metallus in the first quarter valued at $142,000. Finally, BNP Paribas Financial Markets raised its stake in shares of Metallus by 138.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,038 shares of the company’s stock valued at $149,000 after purchasing an additional 5,246 shares during the period. 77.58% of the stock is currently owned by hedge funds and other institutional investors.

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.