CSM Advisors LLC Invests $4.42 Million in Metallus Inc. $MTUS

CSM Advisors LLC acquired a new position in shares of Metallus Inc. (NYSE:MTUS) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 267,100 shares of the company’s stock, valued at approximately $4,415,000.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Metallus by 2.1% in the third quarter. Vanguard Group Inc. now owns 2,859,873 shares of the company’s stock valued at $47,274,000 after purchasing an additional 59,392 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Metallus by 2.5% during the 3rd quarter. American Century Companies Inc. now owns 1,539,129 shares of the company’s stock worth $25,442,000 after purchasing an additional 37,552 shares in the last quarter. Systematic Financial Management LP lifted its holdings in shares of Metallus by 7.2% during the 2nd quarter. Systematic Financial Management LP now owns 1,402,969 shares of the company’s stock valued at $21,620,000 after buying an additional 94,455 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Metallus by 51.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 655,372 shares of the company’s stock valued at $10,099,000 after buying an additional 221,828 shares during the last quarter. Finally, Donald Smith & CO. Inc. bought a new stake in shares of Metallus in the 2nd quarter valued at approximately $8,575,000. Institutional investors and hedge funds own 77.58% of the company’s stock.

Metallus Price Performance

Shares of NYSE:MTUS opened at $14.68 on Monday. The stock has a market capitalization of $612.76 million, a P/E ratio of -489.30, a P/E/G ratio of 1.02 and a beta of 1.44. The business has a 50-day moving average of $19.10 and a two-hundred day moving average of $17.75. Metallus Inc. has a fifty-two week low of $10.78 and a fifty-two week high of $21.73.

Metallus (NYSE:MTUS) last issued its quarterly earnings data on Thursday, February 19th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.23). Metallus had a negative net margin of 0.10% and a positive return on equity of 2.30%. The company had revenue of $267.30 million for the quarter, compared to analyst estimates of $290.83 million. As a group, research analysts expect that Metallus Inc. will post 0.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MTUS shares. Weiss Ratings restated a “sell (d)” rating on shares of Metallus in a report on Thursday, January 22nd. Wall Street Zen cut shares of Metallus from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Zacks Research lowered shares of Metallus from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $24.00.

Insider Transactions at Metallus

In other Metallus news, COO Kristopher R. Westbrooks sold 2,128 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $21.28, for a total transaction of $45,283.84. Following the completion of the sale, the chief operating officer owned 189,076 shares of the company’s stock, valued at $4,023,537.28. This represents a 1.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 16,104 shares of company stock worth $328,592 over the last three months. 3.60% of the stock is owned by corporate insiders.

Metallus 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.