Metallus (NYSE:MTUS) Cut to “Strong Sell” at Zacks Research

Metallus (NYSE:MTUS) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other analysts also recently issued research reports about the company. Wall Street Zen downgraded Metallus from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reiterated a “sell (d)” rating on shares of Metallus in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $24.00.

Metallus Stock Performance

Metallus stock opened at $17.38 on Monday. Metallus has a 1 year low of $10.78 and a 1 year high of $21.73. The firm’s 50-day moving average is $19.29 and its 200-day moving average is $17.75. The company has a market cap of $725.27 million, a P/E ratio of -579.14, a PEG ratio of 1.24 and a beta of 1.43.

Metallus (NYSE:MTUS) last released its quarterly earnings data on Thursday, February 19th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.23). Metallus had a positive return on equity of 2.30% and a negative net margin of 0.10%.The business had revenue of $267.30 million for the quarter, compared to analyst estimates of $290.83 million. As a group, sell-side analysts predict that Metallus will post 0.66 earnings per share for the current year.

Insider Transactions at Metallus

In related news, COO Kristopher R. Westbrooks sold 10,932 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief operating officer directly owned 189,076 shares of the company’s stock, valued at $3,792,864.56. This represents a 5.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders sold 16,104 shares of company stock valued at $328,592. Corporate insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MTUS. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Metallus during the third quarter valued at $33,000. iSAM Funds UK Ltd bought a new position in Metallus in the 3rd quarter valued at about $53,000. Huntington National Bank increased its stake in Metallus by 85.1% during the 2nd quarter. Huntington National Bank now owns 5,470 shares of the company’s stock valued at $84,000 after buying an additional 2,515 shares during the period. Quantbot Technologies LP bought a new stake in shares of Metallus during the 2nd quarter worth about $110,000. Finally, State of Wyoming lifted its stake in shares of Metallus by 1,215.5% in the 4th quarter. State of Wyoming now owns 8,998 shares of the company’s stock worth $154,000 after acquiring an additional 8,314 shares during the period. 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.