Metallus (NYSE:MTUS) COO Sells $219,295.92 in Stock

Metallus Inc. (NYSE:MTUS) COO Kristopher Westbrooks sold 10,932 shares of the firm’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $20.06, for a total value of $219,295.92. Following the sale, the chief operating officer directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Metallus Stock Performance

Shares of Metallus stock traded up $0.87 during trading hours on Wednesday, hitting $20.22. The company’s stock had a trading volume of 362,040 shares, compared to its average volume of 313,725. The stock has a market cap of $841.95 million, a price-to-earnings ratio of -106.39, a P/E/G ratio of 1.15 and a beta of 1.47. Metallus Inc. has a twelve month low of $10.78 and a twelve month high of $20.24. The firm has a fifty day moving average of $17.47 and a 200-day moving average of $16.87.

Metallus (NYSE:MTUS) last issued its quarterly earnings data 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 firm had revenue of $241.90 million for the quarter, compared to analyst estimates of $307.90 million. Metallus had a negative net margin of 0.73% and a positive return on equity of 2.94%. On average, sell-side analysts expect that Metallus Inc. will post 0.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Metallus

A number of large investors have recently modified their holdings of MTUS. Vanguard Group Inc. lifted its position in shares of Metallus by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 2,859,873 shares of the company’s stock worth $47,274,000 after purchasing an additional 59,392 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Metallus by 1.2% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,933,739 shares of the company’s stock valued at $31,964,000 after buying an additional 23,596 shares in the last quarter. American Century Companies Inc. lifted its holdings in Metallus by 2.5% during the 3rd quarter. American Century Companies Inc. now owns 1,539,129 shares of the company’s stock worth $25,442,000 after buying an additional 37,552 shares during the last quarter. Systematic Financial Management LP boosted its position in shares of Metallus by 7.2% during the 2nd quarter. Systematic Financial Management LP now owns 1,402,969 shares of the company’s stock worth $21,620,000 after acquiring an additional 94,455 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Metallus by 51.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 655,372 shares of the company’s stock valued at $10,099,000 after acquiring an additional 221,828 shares during the last quarter. 77.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MTUS has been the subject of several research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Metallus in a report on Wednesday, October 8th. Wall Street Zen raised Metallus from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Finally, Zacks Research downgraded Metallus from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. 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 company. According to data from MarketBeat, Metallus currently has a consensus rating of “Reduce” and a consensus price target of $24.00.

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.