Fruth Investment Management Has $759,000 Stake in Metallus Inc. (NYSE:MTUS)

Fruth Investment Management lowered its holdings in Metallus Inc. (NYSE:MTUS) by 1.8% in the fourth quarter, Holdings Channel reports. The firm owned 53,750 shares of the company’s stock after selling 1,000 shares during the quarter. Fruth Investment Management’s holdings in Metallus were worth $759,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp acquired a new position in Metallus during the third quarter worth $32,439,000. Pacer Advisors Inc. acquired a new stake in Metallus in the third quarter valued at $27,669,000. Systematic Financial Management LP bought a new position in shares of Metallus in the 3rd quarter valued at about $16,359,000. Janus Henderson Group PLC acquired a new position in shares of Metallus during the 3rd quarter worth about $15,534,000. Finally, Royce & Associates LP bought a new stake in shares of Metallus in the 3rd quarter valued at about $14,301,000. 77.58% of the stock is currently owned by institutional investors and hedge funds.

Metallus Stock Performance

Metallus stock opened at $15.15 on Thursday. The stock has a 50-day simple moving average of $15.03 and a 200 day simple moving average of $15.74. The stock has a market capitalization of $643.89 million, a P/E ratio of 29.14, a PEG ratio of 0.95 and a beta of 1.38. Metallus Inc. has a 52 week low of $13.09 and a 52 week high of $24.31.

Metallus (NYSE:MTUS) last issued its earnings results on Thursday, November 7th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.15). The business had revenue of $227.20 million for the quarter, compared to the consensus estimate of $278.30 million. Metallus had a return on equity of 6.15% and a net margin of 2.05%. During the same quarter in the prior year, the firm posted $0.52 earnings per share. Research analysts forecast that Metallus Inc. will post 0.66 earnings per share for the current year.

Metallus Company Profile

Metallus Inc manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally. The company offers special bar quality (SBQ) bars, seamless mechanical tubes, precision steel components, and billets that are used in gears, hubs, axles, crankshafts and motor shafts, oil country drill pipes, bits and collars, bearing races and rolling elements, bushings, fuel injectors, wind energy shafts, anti-friction bearings, artillery and mortar bodies, and other applications.