Metallus (NYSE:MTUS) Coverage Initiated by Analysts at KeyCorp

Key Points

• KeyCorp initiated coverage of Metallus (MTUS) with a "sector weight" rating, while the Street consensus is a "Reduce" with a $24.00 consensus price target.
• Metallus missed recent quarterly estimates, reporting EPS of ($0.18) vs. $0.05 expected and revenue of $267.3M vs. $290.83M, with shares trading around $16.44 and a market cap of about $685.8M.
• Insiders have been sellers recently: the COO sold 10,932 shares in January and insiders sold 16,104 shares last quarter, leaving insiders with roughly 3.8% ownership.

Research analysts at KeyCorp started coverage on shares of Metallus (NYSE:MTUS - Get Free Report) in a note issued to investors on Wednesday. The firm set a "sector weight" rating on the stock.

MTUS has been the topic of several other reports. Weiss Ratings reissued a "sell (d)" rating on shares of Metallus in a research note on Thursday, January 22nd. Zacks Research downgraded Metallus from a "hold" rating to a "strong sell" rating in a research note on Monday, March 2nd. Finally, Wall Street Zen downgraded shares of Metallus from a "buy" rating to a "hold" rating in a research report on Saturday, February 28th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Reduce" and a consensus price target of $24.00.

Metallus Price Performance

Shares of MTUS opened at $16.44 on Wednesday. The business has a 50-day moving average of $18.57 and a 200-day moving average of $17.68. The company has a market capitalization of $685.83 million, a price-to-earnings ratio of -547.65, a price-to-earnings-growth ratio of 1.09 and a beta of 1.43. Metallus has a 1 year low of $10.78 and a 1 year high of $21.73.

Metallus (NYSE:MTUS - Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.23). Metallus had a positive return on equity of 2.30% and a negative net margin of 0.10%.The firm had revenue of $267.30 million for the quarter, compared to the consensus estimate of $290.83 million. As a group, sell-side analysts anticipate that Metallus will post 0.66 EPS for the current year.

Insider Activity at Metallus

In other news, COO Kristopher R. Westbrooks sold 10,932 shares of the business's stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $20.06, for a total value of $219,295.92. Following the transaction, the chief operating officer owned 189,076 shares in the company, valued at $3,792,864.56. The trade was a 5.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have sold 16,104 shares of company stock worth $328,592. 3.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada increased its position in shares of Metallus by 1.2% during the 1st quarter. Royal Bank of Canada now owns 316,569 shares of the company's stock valued at $4,229,000 after purchasing an additional 3,711 shares during the last quarter. Strs Ohio purchased a new stake in shares of Metallus during the 1st quarter worth approximately $142,000. PNC Financial Services Group Inc. raised its holdings in shares of Metallus by 6.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 18,585 shares of the company's stock worth $286,000 after purchasing an additional 1,169 shares during the period. Creative Planning raised its holdings in shares of Metallus by 16.1% in the 2nd quarter. Creative Planning now owns 36,149 shares of the company's stock worth $557,000 after purchasing an additional 5,003 shares during the period. Finally, Intech Investment Management LLC lifted its stake in Metallus by 42.0% in the second quarter. Intech Investment Management LLC now owns 30,062 shares of the company's stock valued at $463,000 after purchasing an additional 8,897 shares during the last quarter. Hedge funds and other institutional investors own 77.58% of the company's stock.

About Metallus

Metallus, Inc NYSE: MTUS is an industrial metals recycling and distribution company that acquires, processes and markets a wide array of ferrous and non-ferrous materials. Its product portfolio includes stainless steel, nickel alloys, aluminum and other specialty metals sourced from manufacturing scrap, obsolete products and post-consumer waste streams. Metallus provides services such as shredding, sorting, melting and baling, enabling its customers to optimize metal recovery and streamline supply chains.

Headquartered in Philadelphia, Pennsylvania, the company operates processing facilities and distribution centers across the United States, facilitating efficient logistics and regional collection of metal grades.

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