Metallus (NYSE:MTUS) Trading Down 5.6% - Time to Sell?

Key Points

• Metallus Inc. (NYSE:MTUS) saw its stock price decrease by 5.6% on Monday, falling from a previous close of $15.57 to $14.70 with significantly reduced trading volume.
• Despite recent trading declines, brokerage firms have shown mixed sentiment, with Sidoti upgrading Metallus to a "hold" and Northcoast Research initiating a "buy" rating with a price target of $24.00.
• Insider selling activity included EVP Kristine C. Syrvalin and COO Kristopher R. Westbrooks selling a combined total of 11,500 shares, indicating potential caution among top executives.

Metallus Inc. (NYSE:MTUS - Get Free Report)'s stock price fell 5.6% on Monday . The stock traded as low as $14.53 and last traded at $14.70. 77,606 shares changed hands during trading, a decline of 79% from the average session volume of 376,180 shares. The stock had previously closed at $15.57.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MTUS. Sidoti upgraded Metallus to a "hold" rating in a report on Friday, May 9th. Northcoast Research initiated 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. Finally, Wall Street Zen raised shares of Metallus from a "sell" rating to a "hold" rating in a report on Saturday, July 5th.

Metallus Price Performance

The firm has a market cap of $643.35 million, a PE ratio of -30.14, a price-to-earnings-growth ratio of 1.28 and a beta of 1.42. The company's 50 day moving average price is $15.42 and its 200 day moving average price is $14.31.

Metallus (NYSE:MTUS - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.16 by $0.04. Metallus had a negative net margin of 2.12% and a positive return on equity of 0.56%. The business had revenue of $304.60 million for the quarter, compared to analyst estimates of $297.83 million. Sell-side analysts expect that Metallus Inc. will post 0.66 earnings per share for the current fiscal year.

Insider Activity

In other Metallus news, EVP Kristine C. Syrvalin sold 7,500 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $18.00, for a total value of $135,000.00. Following the completion of the sale, the executive vice president directly owned 89,910 shares in the company, valued at $1,618,380. This represents a 7.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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. This trade represents a 2.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,974 shares of company stock worth $786,532 in the last three months. 3.60% of the stock is owned by insiders.

Institutional Trading of Metallus

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its holdings in shares of Metallus by 108.1% in the first quarter. GAMMA Investing LLC now owns 1,883 shares of the company's stock worth $25,000 after buying an additional 978 shares during the period. CWM LLC boosted its position in Metallus by 60.2% during the 1st quarter. CWM LLC now owns 3,421 shares of the company's stock valued at $46,000 after acquiring an additional 1,286 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Metallus by 103.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,775 shares of the company's stock worth $67,000 after purchasing an additional 2,431 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Metallus in the 1st quarter worth approximately $67,000. Finally, Huntington National Bank raised its holdings in Metallus by 85.1% in the 2nd quarter. Huntington National Bank now owns 5,470 shares of the company's stock worth $84,000 after acquiring an additional 2,515 shares during the last quarter. 77.58% of the stock is owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.