Metallus (NYSE:MTUS) EVP Sells 5,000 Shares of Stock

Key Points

• Metallus EVP Kristine Syrvalin sold 5,000 shares at an average price of $21.12, generating $105,600. Following the transaction, she directly owned 101,078 shares, a 4.71% reduction in her position.
• Metallus shares traded at $21.04, near their 52-week high of $22.58, with a market capitalization of approximately $872 million. The stock has gained above both its 50-day and 200-day moving averages.
• The company beat quarterly earnings expectations with EPS of $0.26 versus $0.24 forecast, but revenue of $261.4 million fell short of the $330.85 million consensus estimate. Analysts maintain an overall “Hold” rating, while institutional investors own 77.58% of the shares.

Metallus Inc. (NYSE:MTUS - Get Free Report) EVP Kristine Syrvalin sold 5,000 shares of the firm's stock in a transaction on Monday, October 5th. The stock was sold at an average price of $21.12, for a total value of $105,600.00. Following the completion of the sale, the executive vice president directly owned 101,078 shares of the company's stock, valued at $2,134,767.36. The trade was a 4.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Metallus Price Performance

NYSE:MTUS traded up $1.15 during trading hours on Monday, hitting $21.04. The company had a trading volume of 600,971 shares, compared to its average volume of 315,610. Metallus Inc. has a 52 week low of $14.19 and a 52 week high of $22.58. The company has a market capitalization of $872.07 million, a PE ratio of 110.74, a price-to-earnings-growth ratio of 1.60 and a beta of 1.37. The stock has a 50-day moving average price of $19.95 and a 200 day moving average price of $19.04.

Metallus (NYSE:MTUS - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. The business had revenue of $261.40 million for the quarter, compared to analysts' expectations of $330.85 million. Metallus had a return on equity of 3.35% and a net margin of 0.66%. Analysts anticipate that Metallus Inc. will post 0.83 EPS for the current fiscal year.

Hedge Funds Weigh In On Metallus

A number of hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new position in shares of Metallus in the 2nd quarter worth $4,304,000. Donald Smith & CO. Inc. bought a new position in shares of Metallus in the 2nd quarter worth approximately $11,375,000. Legal & General Group Plc purchased a new position in shares of Metallus in the second quarter worth approximately $1,632,000. Emerald Mutual Fund Advisers Trust bought a new stake in Metallus during the first quarter valued at approximately $3,887,000. Finally, Sei Investments Co. increased its holdings 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 buying an additional 69,874 shares during the last quarter. 77.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on MTUS shares. KeyCorp reiterated a "sector weight" rating on shares of Metallus in a research note on Wednesday, August 5th. Weiss Ratings reiterated a "hold (c)" rating on shares of Metallus in a report on Friday, September 4th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Metallus presently has an average rating of "Hold".

Metallus Company Profile

Metallus, Inc NYSE: MTUS is a steel manufacturer focused on specialty alloys and engineered metal products. The company produces high-performance alloy steel, specialty bar quality (SBQ) steel, seamless mechanical tubing and related components designed for demanding industrial applications.

Its products serve customers in markets including automotive, industrial equipment, energy, aerospace and defense, and other applications that require strength, durability and precise material performance.

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