Metallus (NYSE:MTUS) Stock Rating Upgraded by Zacks Research

Metallus (NYSE:MTUS) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday, Zacks reports.

Several other analysts also recently issued reports on MTUS. Weiss Ratings reissued a “hold (c)” rating on shares of Metallus in a report on Friday, September 4th. KeyCorp restated a “sector weight” rating on shares of Metallus in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Metallus currently has an average rating of “Moderate Buy”.

Metallus Price Performance

Shares of NYSE MTUS opened at $21.10 on Monday. The firm’s 50-day moving average price is $19.74 and its two-hundred day moving average price is $19.13. Metallus has a 52-week low of $14.19 and a 52-week high of $22.58.

Metallus (NYSE:MTUS) last posted its earnings results on Monday, August 3rd. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. The company had revenue of $261.40 million for the quarter, compared to the consensus estimate of $330.85 million. On average, analysts predict that Metallus will post 0.83 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Kristine Syrvalin sold 5,000 shares of the stock in a transaction on Monday, October 5th. The stock was sold at an average price of $21.12, for a total value of $105,600.00. Following the completion of the transaction, the executive vice president owned 101,078 shares of the company’s stock, valued at approximately $2,134,767.36. This represents a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Metallus during the second quarter valued at about $108,942,000. Donald Smith & CO. Inc. bought a new position in Metallus in the 2nd quarter valued at about $11,375,000. Emerald Advisers LLC bought a new position in Metallus in the 1st quarter valued at about $6,146,000. Sei Investments Co. increased its stake in Metallus by 32.1% during the 1st quarter. Sei Investments Co. now owns 287,643 shares of the company’s stock valued at $4,700,000 after buying an additional 69,874 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in Metallus during the 2nd quarter valued at about $4,304,000. 77.58% of the stock is owned by institutional investors and hedge funds.

Metallus Company Profile

Metallus, Inc is a specialty metals manufacturer based in Canton, Ohio. The company produces alloy steel and other engineered materials for applications that require strength, durability, and precision. Its products are used in demanding industrial and transportation applications.

The company’s offerings include special bar quality steel, seamless mechanical tubing, and precision-engineered steel components. Metallus serves customers in markets such as automotive, aerospace and defense, energy, industrial equipment, and other manufacturing sectors.