Metallus (NYSE:MTUS) Upgraded to “Hold” at Zacks Research

Metallus (NYSE:MTUS) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. KeyCorp assumed coverage on shares of Metallus in a report on Wednesday, March 25th. They issued a “sector weight” rating for the company. Weiss Ratings restated a “sell (d)” rating on shares of Metallus in a report on Tuesday, April 21st. Finally, Wall Street Zen cut shares of Metallus from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.00.

Metallus Price Performance

Shares of MTUS opened at $19.23 on Monday. Metallus has a 1-year low of $11.00 and a 1-year high of $21.73. The stock has a market cap of $802.38 million, a PE ratio of -640.72, a P/E/G ratio of 1.35 and a beta of 1.31. The firm has a 50-day simple moving average of $17.06 and a two-hundred day simple moving average of $17.82.

Metallus (NYSE:MTUS) last announced its quarterly earnings data 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). The business had revenue of $267.30 million during the quarter, compared to analyst estimates of $290.83 million. Metallus had a negative net margin of 0.10% and a positive return on equity of 2.30%. As a group, sell-side analysts expect that Metallus will post 0.96 earnings per share for the current fiscal year.

Insider Transactions at Metallus

In related 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 $3,976,268.28. The trade was a 1.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. purchased a new position in Metallus in the third quarter worth approximately $33,000. iSAM Funds UK Ltd purchased a new position in Metallus in the third quarter worth approximately $53,000. Quantbot Technologies LP purchased a new stake in shares of Metallus during the 2nd quarter worth approximately $110,000. Strs Ohio purchased a new stake in shares of Metallus during the 1st quarter worth approximately $142,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Metallus by 138.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,038 shares of the company’s stock worth $149,000 after buying an additional 5,246 shares during the last quarter. Hedge funds and other institutional investors own 77.58% of the company’s stock.

About Metallus

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.