Metallus (NYSE:MTUS) Reaches New 12-Month High – Still a Buy?

Metallus Inc. (NYSE:MTUS) reached a new 52-week high on Thursday . The company traded as high as $19.21 and last traded at $19.2550, with a volume of 145878 shares trading hands. The stock had previously closed at $18.60.

Wall Street Analyst Weigh In

MTUS has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Metallus from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Metallus in a research note on Wednesday, October 8th. Finally, Zacks Research cut Metallus from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. One 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $24.00.

Metallus Price Performance

The business has a 50 day simple moving average of $17.29 and a 200 day simple moving average of $16.71. The company has a market cap of $800.30 million, a price-to-earnings ratio of -101.24, a price-to-earnings-growth ratio of 1.07 and a beta of 1.47.

Metallus (NYSE:MTUS) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.11. The business had revenue of $241.90 million during the quarter, compared to analysts’ expectations of $307.90 million. Metallus had a positive return on equity of 2.94% and a negative net margin of 0.73%. As a group, sell-side analysts anticipate that Metallus Inc. will post 0.66 earnings per share for the current fiscal year.

Institutional Trading of Metallus

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Metallus by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 2,859,873 shares of the company’s stock worth $47,274,000 after purchasing an additional 59,392 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Metallus by 1.2% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,933,739 shares of the company’s stock valued at $31,964,000 after buying an additional 23,596 shares during the period. American Century Companies Inc. increased its stake in shares of Metallus by 2.5% in the 3rd quarter. American Century Companies Inc. now owns 1,539,129 shares of the company’s stock valued at $25,442,000 after buying an additional 37,552 shares during the period. Systematic Financial Management LP raised its position in shares of Metallus by 7.2% during the second quarter. Systematic Financial Management LP now owns 1,402,969 shares of the company’s stock worth $21,620,000 after acquiring an additional 94,455 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Metallus by 51.2% during the second quarter. Ameriprise Financial Inc. now owns 655,372 shares of the company’s stock valued at $10,099,000 after acquiring an additional 221,828 shares during the period. 77.58% of the stock is owned by institutional investors.

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.