Metallus (NYSE:MTUS) Stock: Insider Kristine Syrvalin Sells 5,000 Shares

Metallus Inc. (NYSE:MTUS) EVP Kristine Syrvalin sold 5,000 shares of the business’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $21.12, for a total value of $105,600.00. Following the sale, the executive vice president directly owned 101,078 shares of the company’s stock, valued at $2,134,767.36. This represents a 4.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Metallus Price Performance

Shares of MTUS stock traded up $1.15 during trading hours on Monday, reaching $21.04. 600,971 shares of the company traded hands, compared to its average volume of 315,610. The firm has a 50-day moving average price of $19.95 and a 200 day moving average price of $19.04. The company has a market cap of $872.07 million, a P/E ratio of 110.74, a P/E/G ratio of 1.60 and a beta of 1.37. Metallus Inc. has a 12-month low of $14.19 and a 12-month high of $22.58.

Metallus (NYSE:MTUS) last released its earnings results on Monday, August 3rd. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $261.40 million for the quarter, compared to analysts’ expectations of $330.85 million. Metallus had a net margin of 0.66% and a return on equity of 3.35%. Sell-side analysts predict that Metallus Inc. will post 0.83 EPS for the current year.

Hedge Funds Weigh In On Metallus

Institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new stake in Metallus in the 2nd quarter worth approximately $37,000. State of Wyoming bought a new stake in Metallus in the second quarter worth $77,000. GAMMA Investing LLC raised its stake in Metallus by 29.4% during the second quarter. GAMMA Investing LLC now owns 4,335 shares of the company’s stock valued at $81,000 after purchasing an additional 986 shares in the last quarter. UNIVEST FINANCIAL Corp bought a new position in Metallus during the second quarter valued at $187,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Metallus in the 2nd quarter worth $234,000. Hedge funds and other institutional investors own 77.58% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on MTUS shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Metallus in a report on Friday, September 4th. KeyCorp reaffirmed a “sector weight” rating on shares of Metallus in a research note on Wednesday, August 5th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Metallus has an average rating of “Hold”.

About Metallus

Metallus, Inc (NYSE: MTUS) is a steel manufacturer focused on specialty alloys and engineered metal products. The company produces high-performance alloy steel, specialty bar quality (SBQ) steel, seamless mechanical tubing and related components designed for demanding industrial applications.

Its products serve customers in markets including automotive, industrial equipment, energy, aerospace and defense, and other applications that require strength, durability and precise material performance.