Metallus (NYSE:MTUS) Stock: Insider Kristine Syrvalin Sells 4,643 Shares

Key Points

• EVP Kristine Syrvalin sold 4,643 shares at an average $22 each, for $102,146, reducing her stake by 4.39% to 101,078 shares.
• Metallus shares fell 9.2% to $17.88 on Wednesday, on trading volume well above the average.
• Quarterly EPS of $0.35 beat the $0.30 consensus estimate, while revenue of $259.7 million came in below the $345.15 million forecast. Analysts’ consensus rating was “Moderate Buy.”

Metallus Inc. (NYSE:MTUS - Get Free Report) EVP Kristine Syrvalin sold 4,643 shares of the business'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 $102,146.00. Following the transaction, the executive vice president owned 101,078 shares in the company, valued at $2,223,716. The trade was a 4.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Metallus Trading Down 9.2%

NYSE MTUS traded down $1.81 on Wednesday, hitting $17.88. 1,256,996 shares of the company were exchanged, compared to its average volume of 377,740. The company has a market cap of $740.92 million, a PE ratio of 32.50, a PEG ratio of 1.73 and a beta of 1.36. The stock has a fifty day moving average of $19.84 and a 200-day moving average of $19.17. Metallus Inc. has a 12 month low of $14.19 and a 12 month high of $22.58.

Metallus (NYSE:MTUS - Get Free Report) last posted its quarterly earnings results on Monday, November 2nd. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.05. The firm had revenue of $259.70 million during the quarter, compared to the consensus estimate of $345.15 million. Metallus had a net margin of 1.90% and a return on equity of 3.78%. On average, analysts expect that Metallus Inc. will post 0.82 earnings per share for the current year.

Institutional Investors Weigh In On Metallus

A number of institutional investors and hedge funds have recently bought and sold shares of MTUS. BlackRock Inc. purchased a new position in Metallus during the 2nd quarter worth $108,942,000. Donald Smith & CO. Inc. bought a new stake in shares of Metallus in the 2nd quarter worth $11,375,000. Emerald Advisers LLC purchased a new stake in shares of Metallus in the first quarter valued at about $6,146,000. Sei Investments Co. raised its holdings in shares of Metallus by 32.1% in the first quarter. Sei Investments Co. now owns 287,643 shares of the company's stock valued at $4,700,000 after purchasing an additional 69,874 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Metallus in the first quarter valued at about $3,887,000. 77.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MTUS has been the subject of a number of recent research reports. Weiss Ratings restated a "hold (c)" rating on shares of Metallus in a research note on Friday, September 4th. Zacks Research raised shares of Metallus from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 26th. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Metallus in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

About Metallus

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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