Metallus Inc. (NYSE:MTUS) CAO Sells $395,532.00 in Stock

Metallus Inc. (NYSE:MTUS - Get Free Report) CAO Nicholas A. Yacobozzi sold 21,974 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $18.00, for a total value of $395,532.00. Following the completion of the transaction, the chief accounting officer directly owned 48,889 shares in the company, valued at $880,002. This represents a 31.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Metallus Stock Up 1.3%

Shares of Metallus stock traded up $0.21 on Friday, hitting $16.99. 285,678 shares of the company traded hands, compared to its average volume of 345,974. The company has a 50-day moving average price of $14.84 and a 200 day moving average price of $14.23. Metallus Inc. has a 12-month low of $10.78 and a 12-month high of $22.78. The company has a market cap of $715.45 million, a PE ratio of -33.98, a PEG ratio of 1.40 and a beta of 1.37.

Metallus (NYSE:MTUS - Get Free Report) last posted its quarterly 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 company had revenue of $280.50 million for the quarter, compared to analysts' expectations of $264.03 million. During the same quarter in the prior year, the firm earned $0.56 earnings per share. The company's revenue was down 12.8% on a year-over-year basis. Equities research analysts anticipate that Metallus Inc. will post 0.66 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on MTUS shares. Wall Street Zen upgraded shares of Metallus from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. Sidoti upgraded shares of Metallus to a "hold" rating in a report on Friday, May 9th. Finally, Northcoast Research initiated coverage on shares of Metallus in a report on Wednesday. They set a "buy" rating and a $24.00 price target on the stock.

Hedge Funds Weigh In On Metallus

Several hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in shares of Metallus by 108.1% during the 1st quarter. GAMMA Investing LLC now owns 1,883 shares of the company's stock worth $25,000 after acquiring an additional 978 shares in the last quarter. Quadrant Capital Group LLC lifted its position in Metallus by 36.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,943 shares of the company's stock worth $42,000 after acquiring an additional 783 shares during the last quarter. CWM LLC lifted its position in Metallus by 60.2% during the 1st quarter. CWM LLC now owns 3,421 shares of the company's stock worth $46,000 after acquiring an additional 1,286 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Metallus by 103.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,775 shares of the company's stock worth $67,000 after acquiring an additional 2,431 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in Metallus during the 1st quarter worth $67,000. 77.58% of the stock is owned by institutional investors and hedge funds.

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.