Nuveen LLC Makes New Investment in Metallus Inc. $MTUS

Key Points

• Nuveen LLC has invested approximately $1.61 million in Metallus Inc., acquiring 120,342 shares, which represents about 0.29% of the company's total stock.
• Several hedge funds have increased their stakes in Metallus, with Systematic Financial Management LP owning the largest share at 1,156,297 shares valued at $16.3 million.
• Analysts have given Metallus an average rating of "Moderate Buy" with a consensus target price of $24.00.

Nuveen LLC bought a new stake in Metallus Inc. (NYSE:MTUS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 120,342 shares of the company's stock, valued at approximately $1,608,000. Nuveen LLC owned about 0.29% of Metallus as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MTUS. GAMMA Investing LLC grew its stake in Metallus by 108.1% in the first quarter. GAMMA Investing LLC now owns 1,883 shares of the company's stock valued at $25,000 after purchasing an additional 978 shares in the last quarter. CWM LLC lifted its stake in shares of Metallus by 60.2% during the 1st quarter. CWM LLC now owns 3,421 shares of the company's stock worth $46,000 after buying an additional 1,286 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Metallus by 103.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,775 shares of the company's stock valued at $67,000 after purchasing an additional 2,431 shares during the period. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Metallus in the 1st quarter valued at $67,000. Finally, Teacher Retirement System of Texas bought a new stake in Metallus in the 1st quarter valued at $142,000. Institutional investors and hedge funds own 77.58% of the company's stock.

Insider Buying and Selling at Metallus

In other Metallus news, CAO Nicholas A. Yacobozzi sold 21,974 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $18.00, for a total transaction of $395,532.00. Following the completion of the transaction, the chief accounting officer directly owned 48,889 shares of the company's stock, valued at approximately $880,002. This represents a 31.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Kristopher R. Westbrooks sold 4,000 shares of the firm's stock in a transaction on 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 of the company's stock, valued at $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. Over the last ninety days, insiders sold 44,974 shares of company stock valued at $786,532. Company insiders own 3.60% of the company's stock.

Metallus Stock Performance

Shares of Metallus stock traded up $0.42 on Thursday, hitting $16.77. The company had a trading volume of 349,350 shares, compared to its average volume of 304,030. The stock has a market capitalization of $701.28 million, a price-to-earnings ratio of -32.87, a P/E/G ratio of 1.85 and a beta of 1.46. The stock has a 50 day moving average of $16.15 and a 200-day moving average of $14.46. Metallus Inc. has a 1 year low of $10.78 and a 1 year high of $18.17.

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

Analyst Ratings Changes

Several research firms recently issued reports on MTUS. Northcoast Research began 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. Wall Street Zen raised Metallus from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. Finally, Sidoti raised Metallus to a "hold" rating in a report on Friday, May 9th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $24.00.

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.