Insider Selling: Metallus (NYSE:MTUS) EVP Sells $23,760.00 in Stock

Key Points

• EVP Kevin Raketich sold 1,080 Metallus shares at $22 each, for $23,760; he retained 132,080 shares after the sale.
• Metallus shares fell 9.2% to $17.88 during Wednesday trading.
• The company reported quarterly EPS of $0.35, beating estimates of $0.30, but revenue of $259.7 million fell short of the $345.15 million estimate. Analysts’ consensus rating was “Moderate Buy.”

Metallus Inc. (NYSE:MTUS - Get Free Report) EVP Kevin Raketich sold 1,080 shares of the firm's stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $22.00, for a total transaction of $23,760.00. Following the completion of the transaction, the executive vice president owned 132,080 shares in the company, valued at $2,905,760. The trade was a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Metallus Trading Down 9.2%

MTUS traded down $1.81 during trading on Wednesday, hitting $17.88. The stock had a trading volume of 1,256,996 shares, compared to its average volume of 377,740. The firm has a market cap of $740.92 million, a PE ratio of 32.50, a P/E/G ratio of 1.73 and a beta of 1.36. Metallus Inc. has a 12 month low of $14.19 and a 12 month high of $22.58. The company has a 50 day simple moving average of $19.84 and a 200-day simple moving average of $19.17.

Metallus (NYSE:MTUS - Get Free Report) last released its earnings results on Monday, November 2nd. The company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.05. Metallus had a net margin of 1.90% and a return on equity of 3.78%. The firm had revenue of $259.70 million during the quarter, compared to analyst estimates of $345.15 million. As a group, sell-side analysts anticipate that Metallus Inc. will post 0.82 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Zacks Research upgraded Metallus from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 26th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Metallus in a report on Friday, September 4th. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Metallus in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Metallus presently has a consensus rating of "Moderate Buy".

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Metallus in the second quarter valued at about $108,942,000. Donald Smith & CO. Inc. bought a new position in Metallus during the second quarter valued at about $11,375,000. Emerald Advisers LLC bought a new position in Metallus during the first quarter valued at about $6,146,000. Sei Investments Co. increased its stake in Metallus by 32.1% during the first quarter. Sei Investments Co. now owns 287,643 shares of the company's stock valued at $4,700,000 after acquiring an additional 69,874 shares during the period. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in Metallus in the 1st quarter valued at approximately $3,887,000. Institutional investors and hedge funds own 77.58% of the company's stock.

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.

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