Insider Selling: Metallus Inc. (NYSE:MTUS) COO Sells 4,000 Shares of Stock

Metallus Inc. (NYSE:MTUS - Get Free Report) COO Kristopher R. Westbrooks sold 4,000 shares of the business'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 approximately $3,475,368. This trade represents a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Metallus Stock Performance

Metallus stock traded up $0.21 during trading on Friday, hitting $16.99. The company's stock had a trading volume of 285,678 shares, compared to its average volume of 345,974. The stock has a market capitalization of $715.45 million, a price-to-earnings ratio of -33.98, a P/E/G ratio of 1.40 and a beta of 1.37. The stock's fifty day moving average is $14.84 and its 200 day moving average is $14.23. Metallus Inc. has a 1-year low of $10.78 and a 1-year high of $22.78.

Metallus (NYSE:MTUS - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.07 EPS for the quarter, missing the consensus estimate 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 business had revenue of $280.50 million during the quarter, compared to analyst estimates of $264.03 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. The business's revenue for the quarter was down 12.8% compared to the same quarter last year. On average, research analysts anticipate that Metallus Inc. will post 0.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Metallus

A number of institutional investors have recently added to or reduced their stakes in MTUS. GAMMA Investing LLC grew its position in Metallus by 108.1% during the first quarter. GAMMA Investing LLC now owns 1,883 shares of the company's stock valued at $25,000 after acquiring an additional 978 shares during the period. Quadrant Capital Group LLC grew its position in Metallus by 36.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,943 shares of the company's stock valued at $42,000 after acquiring an additional 783 shares during the period. CWM LLC grew its position in Metallus by 60.2% during the first quarter. CWM LLC now owns 3,421 shares of the company's stock valued at $46,000 after acquiring an additional 1,286 shares during the period. Tower Research Capital LLC TRC grew its position in Metallus by 103.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,775 shares of the company's stock valued at $67,000 after acquiring an additional 2,431 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Metallus in the first quarter worth about $67,000. Hedge funds and other institutional investors own 77.58% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Sidoti upgraded Metallus to a "hold" rating in a research note on Friday, May 9th. Wall Street Zen upgraded Metallus from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. Finally, Northcoast Research assumed coverage on Metallus in a research note on Wednesday. They issued a "buy" rating and a $24.00 target price for the company.

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.