Metallus (NYSE:MTUS) Sets New 52-Week High – Time to Buy?

Metallus Inc. (NYSE:MTUS) reached a new 52-week high during trading on Wednesday . The company traded as high as $21.73 and last traded at $21.1160, with a volume of 35666 shares. The stock had previously closed at $20.91.

Wall Street Analyst Weigh In

MTUS has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Metallus from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Zacks Research upgraded shares of Metallus from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Metallus in a report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Metallus presently has an average rating of “Hold” and a consensus price target of $24.00.

Metallus Price Performance

The firm’s 50 day moving average price is $19.11 and its two-hundred day moving average price is $17.46. The stock has a market cap of $859.24 million, a PE ratio of -108.58, a P/E/G ratio of 1.27 and a beta of 1.48.

Insider Activity

In other news, COO Kristopher R. Westbrooks sold 2,128 shares of Metallus stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $21.28, for a total value of $45,283.84. Following the completion of the transaction, the chief operating officer directly owned 189,076 shares in the company, valued at approximately $4,023,537.28. The trade was a 1.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 16,104 shares of company stock worth $328,592 in the last quarter. Corporate insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Metallus

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Metallus by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 2,880,168 shares of the company’s stock valued at $49,424,000 after acquiring an additional 20,295 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Metallus by 1.2% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,933,739 shares of the company’s stock worth $31,964,000 after purchasing an additional 23,596 shares during the last quarter. American Century Companies Inc. raised its stake in Metallus by 2.5% in the third quarter. American Century Companies Inc. now owns 1,539,129 shares of the company’s stock valued at $25,442,000 after purchasing an additional 37,552 shares in the last quarter. Systematic Financial Management LP lifted its position in Metallus by 7.2% during the second quarter. Systematic Financial Management LP now owns 1,402,969 shares of the company’s stock valued at $21,620,000 after purchasing an additional 94,455 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in Metallus by 9.3% in the 4th quarter. Renaissance Technologies LLC now owns 1,059,033 shares of the company’s stock worth $18,173,000 after buying an additional 90,200 shares in the last quarter. 77.58% of the stock is currently owned by institutional investors.

About Metallus

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.