Insider Selling: Metallus (NYSE:MTUS) COO Sells $219,295.92 in Stock

Metallus Inc. (NYSE:MTUS) COO Kristopher Westbrooks sold 10,932 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $20.06, for a total value of $219,295.92. Following the completion of the sale, the chief operating officer directly owned 189,076 shares in the company, valued at approximately $3,792,864.56. This represents a 5.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Metallus Stock Down 4.2%

MTUS stock opened at $19.93 on Friday. The business has a 50 day moving average of $17.59 and a 200 day moving average of $16.93. The firm has a market cap of $829.88 million, a PE ratio of -104.87, a price-to-earnings-growth ratio of 1.23 and a beta of 1.47. Metallus Inc. has a twelve month low of $10.78 and a twelve month high of $21.01.

Metallus (NYSE:MTUS) last released its earnings results on Thursday, November 6th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.17 by $0.11. Metallus had a positive return on equity of 2.94% and a negative net margin of 0.73%.The business had revenue of $241.90 million for the quarter, compared to the consensus estimate of $307.90 million. On average, research analysts expect that Metallus Inc. will post 0.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Wall Street Zen raised shares of Metallus from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Metallus in a research report on Wednesday, October 8th. Finally, Zacks Research cut Metallus from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $24.00.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MTUS. Northwestern Mutual Wealth Management Co. bought a new position in Metallus during the third quarter valued at approximately $33,000. iSAM Funds UK Ltd purchased a new stake in Metallus during the 3rd quarter valued at $53,000. Huntington National Bank lifted its holdings in shares of Metallus by 85.1% during the 2nd quarter. Huntington National Bank now owns 5,470 shares of the company’s stock valued at $84,000 after buying an additional 2,515 shares during the period. Quantbot Technologies LP purchased a new position in shares of Metallus in the 2nd quarter worth $110,000. Finally, Strs Ohio bought a new stake in shares of Metallus in the first quarter worth $142,000. 77.58% of the stock is owned by hedge funds and other institutional investors.

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.