Metallus (NYSE:MTUS) Stock Rating Lowered by Wall Street Zen

Metallus (NYSE:MTUS) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

MTUS has been the topic of a number of other research reports. Northcoast Research assumed coverage on shares of Metallus in a report on Wednesday, July 23rd. They issued a “buy” rating and a $24.00 price target on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Metallus in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $24.00.

Metallus Trading Up 0.0%

Shares of MTUS opened at $15.98 on Friday. Metallus has a 12-month low of $10.78 and a 12-month high of $18.50. The company has a market cap of $665.43 million, a PE ratio of -31.33, a price-to-earnings-growth ratio of 2.02 and a beta of 1.48. The stock has a 50-day moving average price of $16.88 and a 200-day moving average price of $15.66.

Metallus (NYSE:MTUS) last announced its earnings results on Thursday, November 6th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.11. Metallus had a negative net margin of 2.12% and a positive return on equity of 0.56%. The business had revenue of $241.90 million for the quarter, compared to the consensus estimate of $307.90 million. As a group, analysts predict that Metallus will post 0.66 earnings per share for the current year.

Hedge Funds Weigh In On Metallus

A number of large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its position in Metallus by 6.7% during the second quarter. PNC Financial Services Group Inc. now owns 18,585 shares of the company’s stock valued at $286,000 after buying an additional 1,169 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of Metallus by 6.1% in the second quarter. State of Alaska Department of Revenue now owns 21,990 shares of the company’s stock worth $338,000 after buying an additional 1,270 shares during the period. CWM LLC lifted its stake in shares of Metallus by 60.2% in 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 during the last quarter. Legal & General Group Plc lifted its stake in shares of Metallus by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 103,343 shares of the company’s stock valued at $1,593,000 after acquiring an additional 1,479 shares during the last quarter. Finally, Illinois Municipal Retirement Fund boosted its holdings in Metallus by 8.4% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 19,319 shares of the company’s stock valued at $319,000 after acquiring an additional 1,503 shares during the period. Hedge funds and other institutional investors own 77.58% of the company’s stock.

About Metallus

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.