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

Metallus Inc. (NYSE:MTUS) EVP Kevin Raketich sold 1,080 shares of Metallus stock in a transaction that occurred on Monday, November 2nd. The stock was 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 of the company’s stock, 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 can be accessed through the SEC website.

Metallus Stock Performance

Shares of MTUS opened at $17.88 on Thursday. Metallus Inc. has a 52-week low of $14.19 and a 52-week high of $22.58. The business’s 50 day moving average price is $19.81 and its two-hundred day moving average price is $19.15. The firm has a market cap of $740.92 million, a PE ratio of 32.50, a price-to-earnings-growth ratio of 1.60 and a beta of 1.36.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CenterBook Partners LP acquired a new position in shares of Metallus during the third quarter worth approximately $607,000. Covestor Ltd lifted its holdings in shares of Metallus by 15.6% in the 3rd quarter. Covestor Ltd now owns 38,854 shares of the company’s stock worth $737,000 after purchasing an additional 5,252 shares in the last quarter. Summit Global Investments bought a new position in shares of Metallus in the 3rd quarter worth $216,000. Squarepoint Ops LLC grew its position in Metallus by 107.4% in the 2nd quarter. Squarepoint Ops LLC now owns 46,404 shares of the company’s stock valued at $867,000 after purchasing an additional 24,033 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in Metallus in the 2nd quarter valued at $37,000. Institutional investors own 77.58% of the company’s stock.

Key Metallus News

Here are the key news stories impacting Metallus this week:

• Positive Sentiment: Metallus posted third-quarter adjusted EPS of $0.35, topping the $0.30 FactSet estimate by $0.05. Earnings flash
• Neutral Sentiment: Two executives sold shares on November 2 at an average $22 per share. EVP Kevin Raketich sold 1,080 shares and retained 132,080; EVP Kristine Syrvalin sold 4,643 and retained 101,078. The sales were relatively small compared with their remaining holdings, so their significance may be limited. Raketich SEC filing Syrvalin SEC filing
• Negative Sentiment: Quarterly revenue of $259.7 million fell well short of the $345.15 million analyst estimate. That large top-line miss may have outweighed the EPS beat and weighed on investor sentiment. Metallus earnings results

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MTUS shares. Zacks Research upgraded shares of Metallus from a “hold” rating to a “strong-buy” rating in a report on Monday, October 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Metallus in a report on Friday, September 4th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Metallus in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently 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.