Metallus (NYSE:MTUS) Sets New 12-Month High – Time to Buy?

Metallus Inc. (NYSE:MTUS)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $19.21 and last traded at $19.2550, with a volume of 145878 shares. The stock had previously closed at $18.60.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MTUS. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Metallus in a report on Wednesday, October 8th. Wall Street Zen upgraded Metallus from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Finally, Zacks Research cut Metallus from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Metallus has an average rating of “Reduce” and a consensus target price of $24.00.

Metallus Stock Performance

The company has a market capitalization of $805.14 million, a P/E ratio of -101.74, a P/E/G ratio of 1.13 and a beta of 1.47. The firm’s fifty day moving average is $17.35 and its 200 day moving average is $16.76.

Metallus (NYSE:MTUS) last announced its earnings results on Thursday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.11. The business had revenue of $241.90 million during the quarter, compared to analyst estimates of $307.90 million. Metallus had a positive return on equity of 2.94% and a negative net margin of 0.73%. On average, analysts forecast that Metallus Inc. will post 0.66 EPS for the current year.

Institutional Trading of Metallus

Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC lifted its position in shares of Metallus by 12.0% during the fourth quarter. SG Americas Securities LLC now owns 14,004 shares of the company’s stock worth $240,000 after purchasing an additional 1,499 shares during the last quarter. Farmers Trust Co. increased its stake in Metallus by 4.9% in the 4th quarter. Farmers Trust Co. now owns 43,050 shares of the company’s stock worth $739,000 after buying an additional 2,000 shares during the period. Wexford Capital LP lifted its holdings in Metallus by 2.0% during the 3rd quarter. Wexford Capital LP now owns 105,543 shares of the company’s stock valued at $1,745,000 after buying an additional 2,041 shares in the last quarter. Verition Fund Management LLC bought a new stake in Metallus during the 3rd quarter valued at about $291,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in Metallus in the 3rd quarter valued at about $33,000. Hedge funds and other 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.