Metallus Inc. (NYSE:MTUS) Given Average Recommendation of “Reduce” by Brokerages

Metallus Inc. (NYSE:MTUS) has received an average recommendation of “Reduce” from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $24.00.

MTUS has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Metallus in a research report on Thursday, January 22nd. KeyCorp assumed coverage on shares of Metallus in a research report on Wednesday. They set a “sector weight” rating on the stock. Wall Street Zen cut shares of Metallus from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Zacks Research lowered Metallus from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd.

Insiders Place Their Bets

In other news, COO Kristopher R. Westbrooks sold 10,932 shares of the business’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $20.06, for a total value of $219,295.92. Following the sale, the chief operating officer directly owned 189,076 shares in the company, valued at $3,792,864.56. The trade was a 5.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 16,104 shares of company stock valued at $328,592. 3.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Metallus

A number of hedge funds and other institutional investors have recently bought and sold shares of MTUS. Northwestern Mutual Wealth Management Co. acquired a new stake in Metallus in the third quarter valued at $33,000. iSAM Funds UK Ltd bought a new stake in shares of Metallus in the 3rd quarter valued at about $53,000. Quantbot Technologies LP acquired a new stake in Metallus in the 2nd quarter valued at about $110,000. Strs Ohio bought a new position in Metallus during the first quarter worth about $142,000. Finally, BNP Paribas Financial Markets increased its position in Metallus by 138.3% during the third quarter. BNP Paribas Financial Markets now owns 9,038 shares of the company’s stock worth $149,000 after buying an additional 5,246 shares during the last quarter. Institutional investors and hedge funds own 77.58% of the company’s stock.

Metallus Stock Performance

MTUS traded up $0.34 during mid-day trading on Wednesday, reaching $16.75. The stock had a trading volume of 23,685 shares, compared to its average volume of 468,670. The firm’s fifty day simple moving average is $18.57 and its two-hundred day simple moving average is $17.68. The stock has a market capitalization of $698.98 million, a P/E ratio of -557.98, a P/E/G ratio of 1.09 and a beta of 1.43. Metallus has a 52 week low of $10.78 and a 52 week high of $21.73.

Metallus (NYSE:MTUS) last released its earnings results on Thursday, February 19th. The company reported ($0.18) earnings per share (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 business had revenue of $267.30 million for the quarter, compared to analyst estimates of $290.83 million. As a group, analysts expect that Metallus will post 0.66 EPS for the current fiscal year.

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.