Metallus (NYSE:MTUS) Sets New 52-Week High – What’s Next?

Metallus Inc. (NYSE:MTUS) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $19.72 and last traded at $19.3650, with a volume of 225746 shares changing hands. The stock had previously closed at $19.46.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MTUS. Weiss Ratings reissued a “sell (d)” rating on shares of Metallus in a report on Wednesday, October 8th. Zacks Research downgraded Metallus from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Finally, Wall Street Zen upgraded Metallus from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. One equities research 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’s stock. Based on data from MarketBeat.com, Metallus presently has a consensus rating of “Reduce” and an average price target of $24.00.

Metallus Stock Performance

The stock has a 50-day simple moving average of $17.54 and a 200 day simple moving average of $16.89. The stock has a market capitalization of $867.57 million, a P/E ratio of -109.63, a price-to-earnings-growth ratio of 1.20 and a beta of 1.47.

Metallus (NYSE:MTUS) last issued its quarterly 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 for 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%. Equities analysts predict that Metallus Inc. will post 0.66 earnings per share for the current year.

Insiders Place Their Bets

In related 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 $3,792,864.56. This represents a 5.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MTUS. SG Americas Securities LLC grew its stake 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 period. Farmers Trust Co. boosted its holdings in Metallus by 4.9% during the fourth 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 last quarter. Wexford Capital LP grew its position in shares of Metallus by 2.0% during the 3rd quarter. Wexford Capital LP now owns 105,543 shares of the company’s stock worth $1,745,000 after buying an additional 2,041 shares during the period. Verition Fund Management LLC bought a new stake in shares of Metallus in the 3rd quarter valued at about $291,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Metallus in the 3rd quarter valued at approximately $33,000. Institutional investors and hedge funds own 77.58% of the company’s stock.

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.