Metallus' (MTUS) Sell (D) Rating Reaffirmed at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "sell (d)" rating for Metallus (MTUS), while Northcoast Research recently initiated coverage with a "buy" rating and a price target of $24.00.
• Metallus shares have decreased by 1.5% to $16.76, and the company has a current market cap of $701.11 million.
• Insider selling activity included significant transactions by CAO Nicholas A. Yacobozzi and COO Kristopher R. Westbrooks, totaling over $467,000 in shares sold.

Metallus (NYSE:MTUS - Get Free Report)'s stock had its "sell (d)" rating reissued by equities researchers at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

MTUS has been the subject of a number of other research reports. Northcoast Research started coverage on Metallus in a research report on Wednesday, July 23rd. They issued a "buy" rating and a $24.00 price objective for the company. Wall Street Zen raised Metallus from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Metallus presently has an average rating of "Hold" and a consensus target price of $24.00.

Metallus Trading Down 1.5%

Shares of NYSE:MTUS traded down $0.25 on Wednesday, reaching $16.76. The company had a trading volume of 20,031 shares, compared to its average volume of 360,511. Metallus has a 52-week low of $10.78 and a 52-week high of $18.17. The firm's 50 day simple moving average is $16.34 and its 200-day simple moving average is $14.82. The firm has a market capitalization of $701.11 million, a PE ratio of -32.86, a PEG ratio of 1.88 and a beta of 1.44.

Metallus (NYSE:MTUS - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.04. Metallus had a positive return on equity of 0.56% and a negative net margin of 2.12%.The business had revenue of $304.60 million for the quarter, compared to the consensus estimate of $297.83 million. As a group, equities research analysts predict that Metallus will post 0.66 earnings per share for the current year.

Insider Buying and Selling at Metallus

In other Metallus news, CAO Nicholas A. Yacobozzi sold 21,974 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $18.00, for a total transaction of $395,532.00. Following the completion of the transaction, the chief accounting officer owned 48,889 shares of the company's stock, valued at $880,002. This represents a 31.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Kristopher R. Westbrooks sold 4,000 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $18.00, for a total value of $72,000.00. Following the transaction, the chief operating officer directly owned 193,076 shares of the company's stock, valued at $3,475,368. The trade was a 2.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,474 shares of company stock valued at $602,532 over the last quarter. 3.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Texas Permanent School Fund Corp lifted its stake in shares of Metallus by 51.7% in the 2nd quarter. Texas Permanent School Fund Corp now owns 29,492 shares of the company's stock valued at $454,000 after purchasing an additional 10,056 shares during the last quarter. Orion Porfolio Solutions LLC boosted its position in shares of Metallus by 3.9% during the second quarter. Orion Porfolio Solutions LLC now owns 67,921 shares of the company's stock worth $1,047,000 after buying an additional 2,522 shares during the period. Public Sector Pension Investment Board boosted its position in shares of Metallus by 6.3% during the second quarter. Public Sector Pension Investment Board now owns 126,037 shares of the company's stock worth $1,942,000 after buying an additional 7,453 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Metallus by 897.0% during the second quarter. Tower Research Capital LLC TRC now owns 11,226 shares of the company's stock worth $173,000 after buying an additional 10,100 shares during the period. Finally, Manatuck Hill Partners LLC acquired a new stake in shares of Metallus in the second quarter valued at $2,312,000. 77.58% of the stock is currently owned by hedge funds and other institutional investors.

Metallus Company Profile

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.

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