Metallus (NYSE:MTUS) Cut to Strong Sell at Zacks Research

Zacks Research lowered shares of Metallus (NYSE:MTUS) from a hold rating to a strong sell rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other analysts have also recently commented on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Metallus in a research report on Thursday, January 22nd. Wall Street Zen downgraded Metallus from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $24.00.

Metallus Trading Up 2.6%

Shares of MTUS stock opened at $17.84 on Monday. Metallus has a 12 month low of $10.78 and a 12 month high of $21.73. The stock has a market cap of $744.46 million, a PE ratio of -594.47, a price-to-earnings-growth ratio of 1.21 and a beta of 1.43. The company’s fifty day moving average price is $19.29 and its 200-day moving average price is $17.75.

Metallus (NYSE:MTUS) last issued its quarterly earnings results on Thursday, February 19th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.23). Metallus had a positive return on equity of 2.30% and a negative net margin of 0.10%.The business had revenue of $267.30 million during the quarter, compared to the consensus estimate of $290.83 million. On average, sell-side analysts forecast that Metallus will post 0.66 earnings per share for the current fiscal year.

Insider Buying and Selling at Metallus

In other Metallus news, COO Kristopher R. Westbrooks sold 10,932 shares of the stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $20.06, for a total value of $219,295.92. Following the transaction, the chief operating officer directly owned 189,076 shares in the company, valued at approximately $3,792,864.56. This trade represents a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have sold 16,104 shares of company stock valued at $328,592. 3.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MTUS. American Century Companies Inc. grew its position in shares of Metallus by 4.2% during the second quarter. American Century Companies Inc. now owns 1,501,577 shares of the company’s stock worth $23,139,000 after purchasing an additional 60,251 shares in the last quarter. Donald Smith & CO. Inc. bought a new position in Metallus in the 2nd quarter worth approximately $8,575,000. Systematic Financial Management LP grew its holdings in Metallus by 7.2% during the 2nd quarter. Systematic Financial Management LP now owns 1,402,969 shares of the company’s stock valued at $21,620,000 after buying an additional 94,455 shares in the last quarter. Brandywine Global Investment Management LLC bought a new stake in shares of Metallus during the second quarter valued at approximately $1,138,000. Finally, Strs Ohio lifted its holdings in shares of Metallus by 235.1% in the third quarter. Strs Ohio now owns 38,200 shares of the company’s stock worth $631,000 after buying an additional 26,800 shares in the last quarter. 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.