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

Metallus Inc. (NYSE:MTUS) EVP Kevin Raketich sold 1,080 shares of the stock in a transaction 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 completion of the sale, the executive vice president owned 132,080 shares in the company, valued at approximately $2,905,760. The trade was a 0.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Metallus Trading Down 12.4%

NYSE:MTUS opened at $15.65 on Friday. Metallus Inc. has a 12-month low of $14.19 and a 12-month high of $22.58. The firm has a market cap of $648.68 million, a PE ratio of 28.46, a price-to-earnings-growth ratio of 1.45 and a beta of 1.36. The stock has a fifty day moving average price of $19.74 and a 200 day moving average price of $19.13.

Metallus (NYSE:MTUS) last issued its quarterly earnings results on Monday, November 2nd. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.05. Metallus had a return on equity of 3.75% and a net margin of 1.90%. The company had revenue of $259.70 million for the quarter, compared to the consensus estimate of $345.15 million. Equities analysts forecast that Metallus Inc. will post 0.82 EPS for the current year.

Hedge Funds Weigh In On Metallus

Hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio purchased a new stake in shares of Metallus in the second quarter valued at $37,000. State of Wyoming purchased a new position in Metallus during the second quarter worth about $77,000. GAMMA Investing LLC lifted its position in Metallus by 29.4% during the second quarter. GAMMA Investing LLC now owns 4,335 shares of the company’s stock worth $81,000 after buying an additional 986 shares during the period. UNIVEST FINANCIAL Corp purchased a new position in Metallus during the second quarter worth about $187,000. Finally, Summit Global Investments acquired a new stake in Metallus in the 3rd quarter worth about $216,000. 77.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.