American Century Companies Inc. Acquires 125,034 Shares of Metallus Inc. $MTUS

Key Points

• American Century Companies Inc. increased its stake in Metallus Inc. (NYSE:MTUS) by 9.5% during Q1, now holding approximately 3.42% of the company, valued at $19.26 million.
• Analysts have upgraded Metallus's rating to a Moderate Buy, with a target price of $24, alongside a recent quarterly earnings report that exceeded estimates with an EPS of $0.20.
• Insider trading activity included significant sales, with CAO Nicholas A. Yacobozzi and EVP Kristine C. Syrvalin reducing their holdings by 31.01% and 7.70%, respectively, indicating possible shifts in insider confidence.

American Century Companies Inc. increased its stake in shares of Metallus Inc. (NYSE:MTUS - Free Report) by 9.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,441,326 shares of the company's stock after buying an additional 125,034 shares during the quarter. American Century Companies Inc. owned about 3.42% of Metallus worth $19,256,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its stake in Metallus by 45.9% during the 1st quarter. Russell Investments Group Ltd. now owns 393,800 shares of the company's stock worth $5,261,000 after buying an additional 123,973 shares during the last quarter. Public Sector Pension Investment Board grew its stake in Metallus by 27.3% during the 1st quarter. Public Sector Pension Investment Board now owns 118,584 shares of the company's stock worth $1,584,000 after buying an additional 25,459 shares during the last quarter. Nuveen LLC bought a new position in Metallus during the 1st quarter worth $1,608,000. Charles Schwab Investment Management Inc. grew its stake in Metallus by 14.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 516,695 shares of the company's stock worth $6,903,000 after buying an additional 64,743 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Metallus in the first quarter worth $67,000. 77.58% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Kristine C. Syrvalin sold 7,500 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $18.00, for a total value of $135,000.00. Following the completion of the sale, the executive vice president directly owned 89,910 shares of the company's stock, valued at approximately $1,618,380. This represents a 7.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Kristopher R. Westbrooks sold 4,000 shares of the company's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $18.00, for a total value of $72,000.00. Following the completion of the transaction, the chief operating officer directly owned 193,076 shares in the company, valued at approximately $3,475,368. The trade was a 2.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,974 shares of company stock valued at $786,532 over the last three months. Insiders own 3.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wall Street Zen raised Metallus from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. Northcoast Research assumed coverage on Metallus in a research note on Wednesday, July 23rd. They issued a "buy" rating and a $24.00 price target for the company. Finally, Sidoti raised Metallus to a "hold" rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $24.00.

Metallus Stock Down 1.0%

Shares of NYSE MTUS traded down $0.17 during mid-day trading on Friday, hitting $16.44. 185,065 shares of the company traded hands, compared to its average volume of 317,158. Metallus Inc. has a 1 year low of $10.78 and a 1 year high of $18.17. The stock has a market capitalization of $687.52 million, a price-to-earnings ratio of -32.23, a PEG ratio of 1.88 and a beta of 1.42. The business has a 50 day moving average of $16.02 and a two-hundred day moving average of $14.43.

Metallus (NYSE:MTUS - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. Metallus had a positive return on equity of 0.56% and a negative net margin of 2.12%.The business had revenue of $304.60 million during the quarter, compared to the consensus estimate of $297.83 million. As a group, research analysts anticipate that Metallus Inc. will post 0.66 EPS 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.