Insider Selling: Metallus (NYSE:MTUS) EVP Sells $23,760.00 in Stock

Metallus Inc. (NYSE:MTUS) EVP Kevin Raketich sold 1,080 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $22.00, for a total transaction of $23,760.00. Following the completion of the sale, the executive vice president directly owned 132,080 shares in the company, valued at approximately $2,905,760. This represents a 0.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Metallus Stock Performance

MTUS stock opened at $16.61 on Friday. The company has a market capitalization of $688.69 million, a price-to-earnings ratio of 30.21, a PEG ratio of 1.73 and a beta of 1.36. The stock has a fifty day moving average of $19.67 and a 200-day moving average of $19.12. Metallus Inc. has a fifty-two week low of $14.19 and a fifty-two week high of $22.58.

Metallus (NYSE:MTUS) last issued its earnings results on Monday, November 2nd. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.05. The company had revenue of $259.70 million during 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%. Equities analysts predict that Metallus Inc. will post 0.79 EPS for the current year.

Hedge Funds Weigh In On Metallus

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio acquired a new stake in shares of Metallus in the second quarter valued at approximately $37,000. State of Wyoming purchased a new position in shares of Metallus in the second quarter worth $77,000. GAMMA Investing LLC grew its stake in shares of Metallus by 29.4% in the second quarter. GAMMA Investing LLC now owns 4,335 shares of the company’s stock worth $81,000 after acquiring an additional 986 shares during the last quarter. UNIVEST FINANCIAL Corp bought a new position in Metallus in the 2nd quarter worth $187,000. Finally, Summit Global Investments bought a new stake in Metallus during the third quarter worth approximately $216,000. Institutional investors and hedge funds own 77.58% of the company’s stock.

Wall Street Analysts Forecast Growth

MTUS has been the subject of a number of research analyst reports. KeyCorp reissued a “sector weight” rating on shares of Metallus in a research note on Wednesday. Zacks Research upgraded shares of Metallus from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Metallus in a report on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock 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.