Metallus Inc. (NYSE:MTUS) Shares Purchased by South Dakota Investment Council

South Dakota Investment Council lifted its stake in Metallus Inc. (NYSE:MTUS - Free Report) by 37.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 110,106 shares of the company's stock after purchasing an additional 30,201 shares during the quarter. South Dakota Investment Council owned 0.26% of Metallus worth $1,471,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC bought a new position in shares of Metallus in the 4th quarter valued at approximately $236,000. Raymond James Financial Inc. bought a new stake in shares of Metallus during the fourth quarter worth $335,000. American Century Companies Inc. raised its position in shares of Metallus by 11.6% during the fourth quarter. American Century Companies Inc. now owns 1,316,292 shares of the company's stock worth $18,599,000 after acquiring an additional 137,007 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Metallus during the fourth quarter worth $497,000. Finally, Vanguard Group Inc. raised its position in shares of Metallus by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 3,257,534 shares of the company's stock worth $46,029,000 after acquiring an additional 43,244 shares during the last quarter. Institutional investors and hedge funds own 77.58% of the company's stock.

Metallus Trading Down 4.3%

Shares of Metallus stock traded down $0.76 during trading on Thursday, hitting $16.99. The stock had a trading volume of 96,374 shares, compared to its average volume of 378,699. The business's 50-day moving average is $14.70 and its 200 day moving average is $14.19. Metallus Inc. has a 12 month low of $10.78 and a 12 month high of $22.78. The firm has a market cap of $715.45 million, a price-to-earnings ratio of -33.96, a P/E/G ratio of 1.39 and a beta of 1.37.

Metallus (NYSE:MTUS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.04). Metallus had a negative net margin of 2.05% and a positive return on equity of 0.31%. The company had revenue of $280.50 million for the quarter, compared to the consensus estimate of $264.03 million. During the same period last year, the business posted $0.56 earnings per share. The firm's quarterly revenue was down 12.8% compared to the same quarter last year. As a group, equities analysts expect that Metallus Inc. will post 0.66 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MTUS shares. Sidoti raised Metallus to a "hold" rating in a research note on Friday, May 9th. Northcoast Research began coverage on Metallus in a research note on Wednesday. They issued a "buy" rating and a $24.00 price target on the stock. Finally, Wall Street Zen raised Metallus from a "sell" rating to a "hold" rating in a report on Saturday, July 5th.

Insider Activity

In other Metallus news, COO Kristopher R. Westbrooks sold 4,000 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $18.00, for a total transaction of $72,000.00. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Nicholas A. Yacobozzi sold 21,974 shares of the company'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 $395,532.00. Following the completion of the sale, the chief accounting officer owned 48,889 shares of the company's stock, valued at $880,002. This trade represents a 31.01% 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 worth $786,532. Insiders own 3.60% of the company's stock.

About Metallus

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.