Metallus (NYSE:MTUS) EVP Sells $102,146.00 in Stock

Metallus Inc. (NYSE:MTUS) EVP Kristine Syrvalin sold 4,643 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $22.00, for a total transaction of $102,146.00. Following the transaction, the executive vice president owned 101,078 shares in the company, valued at approximately $2,223,716. This represents a 4.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Metallus Price Performance

Shares of MTUS stock opened at $16.61 on Friday. The firm’s 50-day moving average is $19.67 and its two-hundred day moving average is $19.12. Metallus Inc. has a 12 month low of $14.19 and a 12 month high of $22.58. The company has a market capitalization of $688.69 million, a PE ratio of 30.21, a price-to-earnings-growth ratio of 1.73 and a beta of 1.36.

Metallus (NYSE:MTUS) last released its quarterly earnings results on Monday, November 2nd. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. Metallus had a return on equity of 3.78% and a net margin of 1.90%. The business had revenue of $259.70 million for the quarter, compared to analysts’ expectations of $345.15 million. Sell-side analysts forecast that Metallus Inc. will post 0.79 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. CenterBook Partners LP purchased a new position in shares of Metallus in the third quarter worth $607,000. Covestor Ltd grew its holdings in shares of Metallus by 15.6% during the third quarter. Covestor Ltd now owns 38,854 shares of the company’s stock worth $737,000 after buying an additional 5,252 shares during the last quarter. Summit Global Investments purchased a new stake in Metallus during the third quarter worth about $216,000. Squarepoint Ops LLC raised its stake in Metallus by 107.4% in the 2nd quarter. Squarepoint Ops LLC now owns 46,404 shares of the company’s stock valued at $867,000 after purchasing an additional 24,033 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Metallus during the 2nd quarter worth about $37,000. Institutional investors own 77.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on MTUS shares. KeyCorp reissued a “sector weight” rating on shares of Metallus in a report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Metallus in a research note on Friday, September 4th. Finally, Zacks Research raised shares of Metallus from a “hold” rating to a “strong-buy” rating in a report on Monday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Metallus has an average rating of “Moderate Buy”.

About Metallus

Metallus, Inc is a specialty metals manufacturer based in Canton, Ohio. The company produces alloy steel and other engineered materials for applications that require strength, durability, and precision. Its products are used in demanding industrial and transportation applications.

The company’s offerings include special bar quality steel, seamless mechanical tubing, and precision-engineered steel components. Metallus serves customers in markets such as automotive, aerospace and defense, energy, industrial equipment, and other manufacturing sectors.