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

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

A number of research firms have recently issued reports on MTUS. Weiss Ratings restated a “sell (d)” rating on shares of Metallus in a research report on Thursday, January 22nd. Wall Street Zen downgraded shares of Metallus from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Zacks Research lowered shares of Metallus from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd. Finally, KeyCorp began coverage on shares of Metallus in a research note on Wednesday, March 25th. They issued a “sector weight” rating for the company.

Metallus Stock Performance

Shares of MTUS opened at $18.50 on Friday. The company has a 50-day simple moving average of $17.24 and a 200-day simple moving average of $17.73. Metallus has a 52 week low of $11.00 and a 52 week high of $21.73. The firm has a market capitalization of $772.13 million, a P/E ratio of -616.56, a P/E/G ratio of 1.29 and a beta of 1.31.

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). The firm 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 analysts forecast that Metallus will post 0.96 earnings per share for the current year.

Insider Transactions at Metallus

In related news, COO Kristopher R. Westbrooks sold 2,951 shares of the stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $21.03, for a total value of $62,059.53. Following the completion of the transaction, the chief operating officer owned 189,076 shares of the company’s stock, valued at $3,976,268.28. This represents a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Metallus

Hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. bought a new position in shares of Metallus in the third quarter worth about $33,000. iSAM Funds UK Ltd bought a new stake in shares of Metallus during the third quarter valued at approximately $53,000. Quantbot Technologies LP acquired a new stake in shares of Metallus in the second quarter valued at approximately $110,000. Strs Ohio bought a new position in Metallus in the 1st quarter worth approximately $142,000. Finally, BNP Paribas Financial Markets raised its position in Metallus by 138.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,038 shares of the company’s stock worth $149,000 after purchasing an additional 5,246 shares during the last quarter. Institutional investors 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.