Kristopher Westbrooks Sells 2,128 Shares of Metallus (NYSE:MTUS) Stock

Metallus Inc. (NYSE:MTUS) COO Kristopher Westbrooks sold 2,128 shares of Metallus stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $21.28, for a total value of $45,283.84. Following the sale, the chief operating officer directly owned 189,076 shares in the company, valued at approximately $4,023,537.28. This trade represents a 1.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Metallus Stock Up 1.5%

Metallus stock traded up $0.32 during trading hours on Wednesday, hitting $21.37. The stock had a trading volume of 426,565 shares, compared to its average volume of 384,251. The company has a market cap of $890.06 million, a PE ratio of -112.47, a price-to-earnings-growth ratio of 1.22 and a beta of 1.48. Metallus Inc. has a fifty-two week low of $10.78 and a fifty-two week high of $21.54. The company has a 50-day moving average of $18.55 and a two-hundred day moving average of $17.26.

Metallus (NYSE:MTUS) last issued its 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 positive return on equity of 2.94% and a negative net margin of 0.73%.The firm had revenue of $241.90 million during the quarter, compared to analysts’ expectations of $307.90 million. As a group, analysts forecast that Metallus Inc. will post 0.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MTUS shares. Wall Street Zen upgraded Metallus from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Zacks Research raised Metallus from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Metallus in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Metallus currently has an average rating of “Hold” and a consensus price target of $24.00.

Institutional Investors Weigh In On Metallus

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its position in Metallus by 1.2% during the 1st quarter. Royal Bank of Canada now owns 316,569 shares of the company’s stock valued at $4,229,000 after purchasing an additional 3,711 shares during the period. Strs Ohio bought a new stake in shares of Metallus during the first quarter worth approximately $142,000. State of Alaska Department of Revenue lifted its holdings in Metallus by 6.1% in the second quarter. State of Alaska Department of Revenue now owns 21,990 shares of the company’s stock valued at $338,000 after buying an additional 1,270 shares during the period. Envestnet Portfolio Solutions Inc. bought a new position in Metallus in the second quarter valued at approximately $308,000. Finally, International Assets Investment Management LLC acquired a new stake in Metallus during the 2nd quarter worth $203,000. 77.58% of the stock is owned by institutional investors and hedge funds.

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.