Metallus Inc. (NYSE:MTUS) Receives Consensus Recommendation of “Reduce” from Analysts

Metallus Inc. (NYSE:MTUS) has been assigned a consensus recommendation of “Reduce” from the five analysts that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $24.00.

A number of analysts have issued reports on MTUS shares. Weiss Ratings reissued a “sell (d)” rating on shares of Metallus in a research report on Thursday, January 22nd. Wall Street Zen lowered Metallus from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Zacks Research cut Metallus from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. Finally, KeyCorp started coverage on Metallus in a report on Wednesday, March 25th. They issued a “sector weight” rating on the stock.

Metallus Price Performance

Shares of MTUS opened at $16.36 on Wednesday. The firm has a 50-day simple moving average of $18.19 and a two-hundred day simple moving average of $17.67. The stock has a market cap of $682.49 million, a PE ratio of -544.99, a P/E/G ratio of 1.13 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) last issued its quarterly earnings data on Thursday, February 19th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.23). The company had revenue of $267.30 million during the quarter, compared to analyst estimates of $290.83 million. Metallus had a positive return on equity of 2.30% and a negative net margin of 0.10%. As a group, sell-side analysts expect that Metallus will post 0.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Metallus news, COO Kristopher R. Westbrooks sold 10,932 shares of the business’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $20.06, for a total transaction of $219,295.92. Following the sale, the chief operating officer directly owned 189,076 shares in the company, valued at $3,792,864.56. This represents a 5.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders sold 16,104 shares of company stock valued at $328,592. Insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MTUS. CSM Advisors LLC acquired a new stake in Metallus during the 3rd quarter worth approximately $4,415,000. Orchard Capital Management LLC acquired a new position in shares of Metallus in the third quarter worth $1,498,000. American Century Companies Inc. grew its stake in shares of Metallus by 4.2% in the second quarter. American Century Companies Inc. now owns 1,501,577 shares of the company’s stock worth $23,139,000 after acquiring an additional 60,251 shares in the last quarter. Donald Smith & CO. Inc. purchased a new stake in shares of Metallus during the second quarter worth $8,575,000. Finally, Systematic Financial Management LP increased its position in shares of Metallus by 7.2% during the second quarter. Systematic Financial Management LP now owns 1,402,969 shares of the company’s stock worth $21,620,000 after acquiring an additional 94,455 shares during the period. Institutional investors and hedge funds own 77.58% of the company’s stock.

Metallus Company Profile

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.