Insider Selling: Metallus (NYSE:MTUS) EVP Sells $102,146.00 in Stock

Metallus Inc. (NYSE:MTUS) EVP Kristine Syrvalin sold 4,643 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $22.00, for a total value of $102,146.00. Following the completion of the transaction, the executive vice president owned 101,078 shares in the company, valued at $2,223,716. The trade was a 4.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Metallus Trading Down 9.2%

Shares of MTUS stock traded down $1.81 during trading on Wednesday, hitting $17.88. The company’s stock had a trading volume of 1,256,996 shares, compared to its average volume of 377,740. The company has a market cap of $740.92 million, a PE ratio of 32.50, a P/E/G ratio of 1.73 and a beta of 1.36. The business has a fifty day moving average of $19.84 and a 200-day moving average of $19.17. Metallus Inc. has a 52 week low of $14.19 and a 52 week high of $22.58.

Metallus (NYSE:MTUS) last issued its quarterly earnings results 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 the consensus estimate of $345.15 million. Metallus had a net margin of 1.90% and a return on equity of 3.78%. As a group, research analysts predict that Metallus Inc. will post 0.82 EPS for the current year.

Institutional Investors Weigh In On Metallus

Large investors have recently added to or reduced their stakes in the company. CenterBook Partners LP purchased a new stake in Metallus during the third quarter valued at about $607,000. Covestor Ltd boosted its position in Metallus by 15.6% during the third quarter. Covestor Ltd now owns 38,854 shares of the company’s stock worth $737,000 after purchasing an additional 5,252 shares during the period. Summit Global Investments bought a new position in Metallus during the third quarter worth about $216,000. Squarepoint Ops LLC increased its stake in shares of Metallus by 107.4% in the second quarter. Squarepoint Ops LLC now owns 46,404 shares of the company’s stock worth $867,000 after purchasing an additional 24,033 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Metallus in the second quarter worth about $37,000. Hedge funds and other institutional investors own 77.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Metallus in a research note on Friday, September 4th. KeyCorp restated a “sector weight” rating on shares of Metallus in a research note on Wednesday. Finally, Zacks Research raised shares of 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 given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

About Metallus

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.