Metallus (NYSE:MTUS) Upgraded at Zacks Research

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

Several other brokerages have also weighed in on MTUS. Weiss Ratings reissued a “hold (c)” rating on shares of Metallus in a report on Friday, September 4th. KeyCorp reissued a “sector weight” rating on shares of Metallus in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Metallus Trading Up 3.5%

Shares of NYSE:MTUS opened at $21.10 on Monday. Metallus has a one year low of $14.19 and a one year high of $22.58. The business’s 50-day simple moving average is $19.74 and its 200 day simple moving average is $19.13.

Metallus (NYSE:MTUS) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.24 by $0.02. The business had revenue of $261.40 million during the quarter, compared to analyst estimates of $330.85 million. On average, analysts expect that Metallus will post 0.83 earnings per share for the current year.

Insider Activity at Metallus

In other news, EVP Kristine Syrvalin sold 5,000 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 101,078 shares in the company, valued at approximately $2,134,767.36. The trade was a 4.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Metallus

Several institutional investors and hedge funds have recently made changes to their positions in MTUS. Public Employees Retirement System of Ohio acquired a new position in Metallus in the second quarter worth $37,000. State of Wyoming bought a new stake in Metallus during the second quarter valued at $77,000. GAMMA Investing LLC increased its stake in Metallus by 29.4% during the second quarter. GAMMA Investing LLC now owns 4,335 shares of the company’s stock valued at $81,000 after purchasing an additional 986 shares during the last quarter. UNIVEST FINANCIAL Corp acquired a new stake in shares of Metallus during the second quarter worth $187,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Metallus during the second quarter worth $234,000. 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.