Metallus (NYSE:MTUS) Stock: Insider Kevin Raketich Sells 1,080 Shares

Metallus Inc. (NYSE:MTUS) EVP Kevin Raketich sold 1,080 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $22.00, for a total value of $23,760.00. Following the sale, the executive vice president owned 132,080 shares in the company, valued at approximately $2,905,760. This represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Metallus Price Performance

Shares of NYSE MTUS traded down $1.81 during trading hours on Wednesday, reaching $17.88. The 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 price-to-earnings ratio of 32.50, a PEG ratio of 1.73 and a beta of 1.36. Metallus Inc. has a twelve month low of $14.19 and a twelve month high of $22.58. The business’s fifty day moving average is $19.84 and its two-hundred day moving average is $19.17.

Metallus (NYSE:MTUS) last posted 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 firm 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%. Sell-side analysts forecast that Metallus Inc. will post 0.82 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MTUS. Public Employees Retirement System of Ohio bought a new position in Metallus during the 2nd quarter valued at about $37,000. State of Wyoming acquired a new position in Metallus in the second quarter valued at about $77,000. GAMMA Investing LLC boosted its position in Metallus by 29.4% in the second quarter. GAMMA Investing LLC now owns 4,335 shares of the company’s stock valued at $81,000 after buying an additional 986 shares in the last quarter. UNIVEST FINANCIAL Corp bought a new stake in Metallus during the second quarter worth about $187,000. Finally, Summit Global Investments bought a new stake in Metallus during the third quarter worth about $216,000. 77.58% of the stock is owned by institutional investors.

Metallus Company Profile

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.