Metallus (NYSE:MTUS) Shares Gap Up - Still a Buy?

Key Points

• Metallus shares opened higher, rising from a prior close of $18.84 to $19.50 before last trading at $19.1570; the company has a market capitalization of approximately $789 million.
• Analysts maintain a cautious outlook, with three Hold ratings and a consensus rating of “Hold.” The stock trades at a high P/E ratio of 100.24, while its 50-day and 200-day moving averages are $20.04 and $18.85, respectively.
• Metallus exceeded quarterly EPS expectations, reporting $0.26 versus the $0.24 consensus, but revenue of $261.4 million fell well short of the $330.85 million estimate. Institutional investors own approximately 77.58% of the company.

Metallus Inc. (NYSE:MTUS - Get Free Report)'s share price gapped up before the market opened on Monday. The stock had previously closed at $18.84, but opened at $19.50. Metallus shares last traded at $19.1570, with a volume of 46,391 shares.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. KeyCorp restated a "sector weight" rating on shares of Metallus in a report on Wednesday, August 5th. Weiss Ratings reiterated a "hold (c)" rating on shares of Metallus in a report on Friday, September 4th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of "Hold".

Metallus Trading Up 1.0%

The firm has a market cap of $789.00 million, a P/E ratio of 100.24, a PEG ratio of 1.51 and a beta of 1.36. The company has a fifty day moving average price of $20.04 and a two-hundred day moving average price of $18.85.

Metallus (NYSE:MTUS - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. The business had revenue of $261.40 million during the quarter, compared to analyst estimates of $330.85 million. Metallus had a return on equity of 3.35% and a net margin of 0.66%. As a group, sell-side analysts expect that Metallus Inc. will post 0.83 EPS for the current year.

Institutional Investors Weigh In On Metallus

Several large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new stake in Metallus in the 2nd quarter valued at $37,000. State of Wyoming bought a new position in Metallus during the 2nd quarter worth about $77,000. GAMMA Investing LLC increased its holdings in Metallus by 29.4% during the 2nd quarter. GAMMA Investing LLC now owns 4,335 shares of the company's stock worth $81,000 after purchasing an additional 986 shares in the last quarter. UNIVEST FINANCIAL Corp acquired a new stake in shares of Metallus in the 2nd quarter valued at about $187,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Metallus in the 2nd quarter valued at about $234,000. Institutional investors own 77.58% of the company's stock.

Metallus Company Profile

Metallus, formerly known as TimkenSteel Corporation, is a manufacturer of specialty steel and steel products. The company produces alloy, carbon and microalloyed steels, with offerings that include special bar quality steel, seamless mechanical tubing and value-added steel components.

Its products are used in demanding applications across industries such as automotive, industrial equipment, energy, aerospace and defense. Metallus serves customers through manufacturing and service operations in the United States and internationally, supporting applications that require specialized material performance, strength and durability.

The company was established as an independent public business through the 2014 separation of TimkenSteel from The Timken Company.

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