Metallus (NYSE:MTUS) Stock: Insider Kristine Syrvalin Sells 4,643 Shares

Metallus Inc. (NYSE:MTUS) EVP Kristine Syrvalin sold 4,643 shares of Metallus stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $22.00, for a total transaction of $102,146.00. Following the transaction, the executive vice president directly owned 101,078 shares of the company’s stock, valued at approximately $2,223,716. This represents a 4.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Metallus Trading Down 12.4%

Shares of NYSE:MTUS opened at $15.65 on Friday. The company has a market capitalization of $648.68 million, a price-to-earnings ratio of 28.46, a PEG ratio of 1.45 and a beta of 1.36. Metallus Inc. has a 12 month low of $14.19 and a 12 month high of $22.58. The firm’s 50-day moving average is $19.74 and its 200 day moving average is $19.13.

Metallus (NYSE:MTUS) last posted its quarterly earnings data on Monday, November 2nd. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The company had revenue of $259.70 million for the quarter, compared to analyst estimates of $345.15 million. Metallus had a net margin of 1.90% and a return on equity of 3.75%. As a group, equities analysts forecast that Metallus Inc. will post 0.82 EPS for the current fiscal year.

Hedge Funds Weigh In On Metallus

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new position in Metallus during the 2nd quarter worth about $108,942,000. Donald Smith & CO. Inc. purchased a new position in Metallus during the 2nd quarter valued at about $11,375,000. Emerald Advisers LLC purchased a new position in Metallus during the 1st quarter valued at about $6,146,000. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Metallus in the 1st quarter valued at about $3,887,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Metallus in the 2nd quarter valued at about $4,304,000. 77.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MTUS shares. Zacks Research upgraded Metallus from a “hold” rating to a “strong-buy” rating in a report on Monday, October 26th. KeyCorp reissued a “sector weight” rating on shares of Metallus in a research note on Wednesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Metallus in a report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

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.