Metallus Inc. (NYSE:MTUS) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Metallus Inc. (NYSE:MTUS) have been assigned an average rating of “Reduce” from the five ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $24.00.

A number of equities research analysts recently weighed in on the company. Zacks Research cut shares of Metallus from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. Wall Street Zen cut shares of Metallus from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. KeyCorp initiated coverage on shares of Metallus in a research note on Wednesday, March 25th. They set a “sector weight” rating for the company. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Metallus in a research note on Tuesday.

Insider Activity

In other news, COO Kristopher R. Westbrooks sold 2,951 shares of Metallus stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $21.03, for a total value of $62,059.53. Following the completion of the transaction, the chief operating officer owned 189,076 shares in the company, valued at approximately $3,976,268.28. The trade was a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MTUS. OpenArc Corporate Advisory LLC bought a new position in Metallus in the 4th quarter worth approximately $7,026,000. Donald Smith & CO. Inc. raised its position in Metallus by 49.6% in the 4th quarter. Donald Smith & CO. Inc. now owns 963,671 shares of the company’s stock worth $16,537,000 after purchasing an additional 319,465 shares during the last quarter. CSM Advisors LLC bought a new position in Metallus in the 3rd quarter worth approximately $4,415,000. Ameriprise Financial Inc. raised its position in Metallus by 51.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 655,372 shares of the company’s stock worth $10,099,000 after purchasing an additional 221,828 shares during the last quarter. Finally, Invesco Ltd. raised its position in Metallus by 71.7% in the 4th quarter. Invesco Ltd. now owns 496,150 shares of the company’s stock worth $8,514,000 after purchasing an additional 207,227 shares during the last quarter. Institutional investors own 77.58% of the company’s stock.

Metallus Stock Performance

Shares of NYSE:MTUS opened at $18.73 on Friday. The company has a market cap of $781.60 million, a P/E ratio of -624.13, a P/E/G ratio of 1.31 and a beta of 1.31. The stock’s 50-day moving average is $17.15 and its 200-day moving average is $17.75. Metallus has a 52-week low of $11.00 and a 52-week high of $21.73.

Metallus (NYSE:MTUS) last released its earnings results on Thursday, February 19th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.23). Metallus had a positive return on equity of 2.30% and a negative net margin of 0.10%.The firm had revenue of $267.30 million for the quarter, compared to analyst estimates of $290.83 million. As a group, equities analysts predict that Metallus will post 0.96 EPS for the current year.

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.