Metallus Inc. (NYSE:MTUS) Receives $24.00 Consensus PT from Analysts

Metallus Inc. (NYSE:MTUS) has been assigned a consensus recommendation of “Reduce” from the five research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $24.00.

A number of research firms have recently weighed in on MTUS. KeyCorp initiated coverage on Metallus in a report on Wednesday. They set a “sector weight” rating on the stock. Wall Street Zen cut Metallus from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings reiterated a “sell (d)” rating on shares of Metallus in a research report on Thursday, January 22nd. Finally, Zacks Research lowered Metallus from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd.

Insider Transactions at Metallus

In other Metallus news, COO Kristopher R. Westbrooks sold 10,932 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $20.06, for a total transaction of $219,295.92. Following the transaction, the chief operating officer owned 189,076 shares of the company’s stock, valued at approximately $3,792,864.56. This trade represents a 5.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 16,104 shares of company stock valued at $328,592. Corporate insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MTUS. Keybank National Association OH lifted its position in Metallus by 2.6% in the fourth quarter. Keybank National Association OH now owns 40,214 shares of the company’s stock worth $690,000 after purchasing an additional 1,001 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Metallus by 6.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 18,585 shares of the company’s stock worth $286,000 after buying an additional 1,169 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Metallus by 1.5% in the second quarter. Legal & General Group Plc now owns 103,343 shares of the company’s stock valued at $1,593,000 after buying an additional 1,479 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Metallus by 12.0% in the fourth quarter. SG Americas Securities LLC now owns 14,004 shares of the company’s stock valued at $240,000 after buying an additional 1,499 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its stake in Metallus by 8.4% during the third quarter. Illinois Municipal Retirement Fund now owns 19,319 shares of the company’s stock valued at $319,000 after buying an additional 1,503 shares in the last quarter. Institutional investors and hedge funds own 77.58% of the company’s stock.

Metallus Stock Down 1.4%

Shares of NYSE MTUS opened at $16.08 on Wednesday. The firm’s 50-day moving average price is $18.33 and its two-hundred day moving average price is $17.66. Metallus has a 52-week low of $10.78 and a 52-week high of $21.73. The stock has a market capitalization of $671.10 million, a P/E ratio of -535.89, a P/E/G ratio of 1.14 and a beta of 1.43.

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

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.