Strs Ohio Buys 26,800 Shares of Metallus Inc. $MTUS

Strs Ohio grew its stake in Metallus Inc. (NYSE:MTUS) by 235.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,200 shares of the company’s stock after buying an additional 26,800 shares during the period. Strs Ohio owned approximately 0.09% of Metallus worth $631,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MTUS. PNC Financial Services Group Inc. lifted its holdings in Metallus by 6.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 18,585 shares of the company’s stock worth $286,000 after purchasing an additional 1,169 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Metallus by 6.1% in the second quarter. State of Alaska Department of Revenue now owns 21,990 shares of the company’s stock worth $338,000 after buying an additional 1,270 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Metallus by 1.5% in the second quarter. Legal & General Group Plc now owns 103,343 shares of the company’s stock worth $1,593,000 after buying an additional 1,479 shares during the last quarter. Huntington National Bank boosted its holdings in shares of Metallus by 85.1% during the 2nd quarter. Huntington National Bank now owns 5,470 shares of the company’s stock worth $84,000 after buying an additional 2,515 shares during the period. Finally, Orion Porfolio Solutions LLC grew its stake in Metallus by 3.9% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 67,921 shares of the company’s stock valued at $1,047,000 after buying an additional 2,522 shares during the last quarter. Institutional investors and hedge funds own 77.58% of the company’s stock.

Metallus Stock Performance

NYSE MTUS opened at $19.83 on Friday. Metallus Inc. has a twelve month low of $10.78 and a twelve month high of $21.01. The stock has a market cap of $825.88 million, a PE ratio of -104.36, a PEG ratio of 1.14 and a beta of 1.47. The firm has a 50-day simple moving average of $18.30 and a 200 day simple moving average of $17.15.

Metallus (NYSE:MTUS) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.17 by $0.11. Metallus had a positive return on equity of 2.94% and a negative net margin of 0.73%.The firm had revenue of $241.90 million during the quarter, compared to analysts’ expectations of $307.90 million. Research analysts forecast that Metallus Inc. will post 0.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Metallus news, COO Kristopher R. Westbrooks sold 10,932 shares of Metallus stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $20.06, for a total transaction of $219,295.92. Following the sale, the chief operating officer owned 189,076 shares in the company, valued at $3,792,864.56. The trade was a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Metallus in a research report on Thursday, January 22nd. Zacks Research cut Metallus from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Finally, Wall Street Zen upgraded Metallus from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Metallus has a consensus rating of “Reduce” and an average price target 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.