Donald Smith & CO. Inc. Purchases 319,465 Shares of Metallus Inc. $MTUS

Donald Smith & CO. Inc. grew its position in Metallus Inc. (NYSE:MTUS) by 49.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 963,671 shares of the company’s stock after purchasing an additional 319,465 shares during the period. Donald Smith & CO. Inc. owned approximately 2.31% of Metallus worth $16,537,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MTUS. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Metallus in the third quarter valued at about $33,000. iSAM Funds UK Ltd bought a new stake in shares of Metallus in the third quarter valued at about $53,000. Quantbot Technologies LP bought a new stake in shares of Metallus in the second quarter valued at about $110,000. Strs Ohio bought a new stake in shares of Metallus in the first quarter valued at about $142,000. Finally, BNP Paribas Financial Markets raised its holdings in Metallus by 138.3% during the third quarter. BNP Paribas Financial Markets now owns 9,038 shares of the company’s stock worth $149,000 after acquiring an additional 5,246 shares in the last quarter. 77.58% of the stock is currently owned by institutional investors.

Metallus Trading Down 0.1%

Metallus stock opened at $19.82 on Thursday. Metallus Inc. has a 12 month low of $13.84 and a 12 month high of $21.73. The stock’s 50 day moving average is $18.44 and its 200-day moving average is $18.25. The company has a market capitalization of $825.11 million, a price-to-earnings ratio of 283.18, a PEG ratio of 1.36 and a beta of 1.35.

Metallus (NYSE:MTUS) last posted its earnings results on Monday, May 4th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.13 by $0.05. Metallus had a return on equity of 2.96% and a net margin of 0.24%.The company had revenue of $238.30 million for the quarter, compared to the consensus estimate of $303.47 million. As a group, equities research analysts predict that Metallus Inc. will post 0.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. KeyCorp assumed coverage on Metallus in a report on Wednesday, March 25th. They set a “sector weight” rating on the stock. Weiss Ratings upgraded Metallus from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Wall Street Zen lowered Metallus from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Zacks Research upgraded Metallus from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $24.00.

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.