Insider Selling: Metallus (NYSE:MTUS) COO Sells 10,932 Shares of Stock

Metallus Inc. (NYSE:MTUS) COO Kristopher Westbrooks sold 10,932 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $20.06, for a total transaction of $219,295.92. Following the sale, the chief operating officer directly owned 189,076 shares in the company, valued at approximately $3,792,864.56. The trade was a 5.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Metallus Price Performance

Shares of NYSE:MTUS traded up $0.87 during trading on Wednesday, hitting $20.22. 362,040 shares of the company were exchanged, compared to its average volume of 313,725. The firm’s 50 day moving average price is $17.47 and its 200-day moving average price is $16.87. Metallus Inc. has a 12-month low of $10.78 and a 12-month high of $20.24. The stock has a market capitalization of $841.95 million, a P/E ratio of -106.39, a PEG ratio of 1.15 and a beta of 1.47.

Metallus (NYSE:MTUS) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.17 by $0.11. Metallus had a negative net margin of 0.73% and a positive return on equity of 2.94%. The firm had revenue of $241.90 million for the quarter, compared to analyst estimates of $307.90 million. As a group, equities research analysts anticipate that Metallus Inc. will post 0.66 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on MTUS shares. Zacks Research lowered Metallus from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Weiss Ratings restated a “sell (d)” rating on shares of Metallus in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Metallus from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Metallus presently has a consensus rating of “Reduce” and an average price target of $24.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC lifted its position in Metallus by 12.0% in the fourth quarter. SG Americas Securities LLC now owns 14,004 shares of the company’s stock valued at $240,000 after purchasing an additional 1,499 shares during the period. Farmers Trust Co. raised its stake in shares of Metallus by 4.9% during the 4th quarter. Farmers Trust Co. now owns 43,050 shares of the company’s stock worth $739,000 after buying an additional 2,000 shares in the last quarter. Wexford Capital LP lifted its holdings in shares of Metallus by 2.0% in the 3rd quarter. Wexford Capital LP now owns 105,543 shares of the company’s stock valued at $1,745,000 after buying an additional 2,041 shares during the period. Verition Fund Management LLC purchased a new stake in shares of Metallus in the third quarter valued at approximately $291,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Metallus during the third quarter worth $33,000. 77.58% of the stock is currently owned by institutional investors and hedge funds.

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.