Metallus (NYSE:MTUS) Shares Gap Down – Time to Sell?

Metallus Inc. (NYSE:MTUS)’s share price gapped down prior to trading on Tuesday. The stock had previously closed at $21.32, but opened at $19.90. Metallus shares last traded at $20.4880, with a volume of 20,918 shares.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Weiss Ratings reaffirmed 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 note on Wednesday, August 5th. Finally, Zacks Research upgraded Metallus from a “hold” rating to a “strong-buy” rating in a report on Monday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Metallus Stock Performance

The firm has a 50 day moving average of $19.82 and a 200-day moving average of $19.17. The stock has a market capitalization of $855.32 million, a PE ratio of 108.66, a P/E/G ratio of 1.72 and a beta of 1.37.

Metallus (NYSE:MTUS) last issued its earnings results on Monday, November 2nd. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $337.20 million for the quarter, compared to the consensus estimate of $345.15 million. Metallus had a return on equity of 3.35% and a net margin of 0.66%. On average, sell-side analysts predict that Metallus Inc. will post 0.82 earnings per share for the current year.

Insider Buying and Selling

In other Metallus 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 transaction of $105,600.00. Following the completion of the transaction, the executive vice president directly owned 101,078 shares in the company, valued at $2,134,767.36. This represents a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Metallus

Several large investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its position in shares of Metallus by 29.4% in the 2nd quarter. GAMMA Investing LLC now owns 4,335 shares of the company’s stock valued at $81,000 after buying an additional 986 shares in the last quarter. Hodges Capital Management Inc. grew its holdings in Metallus by 8.2% during the 1st quarter. Hodges Capital Management Inc. now owns 17,110 shares of the company’s stock worth $280,000 after acquiring an additional 1,300 shares during the period. Illinois Municipal Retirement Fund raised its holdings in shares of Metallus by 8.8% during the first quarter. Illinois Municipal Retirement Fund now owns 20,065 shares of the company’s stock valued at $328,000 after purchasing an additional 1,617 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Metallus during the second quarter worth $37,000. Finally, Bank of America Corp DE increased its holdings in Metallus by 7.3% during the 1st quarter. Bank of America Corp DE now owns 45,400 shares of the company’s stock worth $742,000 after purchasing an additional 3,085 shares in the last quarter. 77.58% of the stock is currently 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.