Legal & General Group Plc Makes New Investment in Metallus Inc. $MTUS

Legal & General Group Plc acquired a new stake in Metallus Inc. (NYSE:MTUS) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 87,316 shares of the company’s stock, valued at approximately $1,632,000.

Other large investors also recently modified their holdings of the company. Algert Global LLC bought a new position in Metallus during the second quarter worth $342,000. Orchard Capital Management LLC bought a new position in shares of Metallus in the 2nd quarter worth about $2,554,000. Donald Smith & CO. Inc. acquired a new position in shares of Metallus in the 2nd quarter valued at about $11,375,000. UNIVEST FINANCIAL Corp bought a new stake in shares of Metallus during the 2nd quarter valued at about $187,000. Finally, BlackRock Inc. acquired a new stake in Metallus during the second quarter worth approximately $108,942,000. 77.58% of the stock is currently owned by institutional investors and hedge funds.

Metallus Stock Performance

Shares of NYSE:MTUS opened at $19.92 on Monday. Metallus Inc. has a 52-week low of $14.19 and a 52-week high of $22.58. The business’s 50 day simple moving average is $19.92 and its two-hundred day simple moving average is $18.73. The firm has a market cap of $825.68 million, a P/E ratio of 104.85, a PEG ratio of 1.60 and a beta of 1.36.

Metallus (NYSE:MTUS) last issued its earnings results on Monday, August 3rd. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $261.40 million for the quarter, compared to analysts’ expectations of $330.85 million. Metallus had a return on equity of 3.35% and a net margin of 0.66%. On average, equities analysts forecast that Metallus Inc. will post 0.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MTUS shares. KeyCorp reissued a “sector weight” rating on shares of Metallus in a research note on Wednesday, August 5th. Weiss Ratings raised shares of Metallus from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 8th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Metallus presently has a consensus rating of “Hold”.

Metallus 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.