Metallus (NYSE:MTUS) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Metallus (NYSE:MTUS) from a hold rating to a strong-buy rating in a research note published on Monday,Zacks reports.

Other research analysts also recently issued reports about the stock. KeyCorp reaffirmed a “sector weight” rating on shares of Metallus in a report on Wednesday, August 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Metallus in a report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Metallus Trading Up 3.5%

Shares of NYSE:MTUS opened at $21.10 on Monday. Metallus has a twelve month low of $14.19 and a twelve month high of $22.58. The company has a 50-day moving average price of $19.74 and a two-hundred day moving average price of $19.13.

Metallus (NYSE:MTUS) last posted its earnings results on Monday, August 3rd. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. The business had revenue of $261.40 million during the quarter, compared to analysts’ expectations of $330.85 million. As a group, sell-side analysts anticipate that Metallus will post 0.83 EPS for the current fiscal year.

Insider Activity

In related news, EVP Kristine Syrvalin sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $21.12, for a total transaction of $105,600.00. Following the sale, the executive vice president owned 101,078 shares of the company’s stock, valued at approximately $2,134,767.36. This represents a 4.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.80% of the company’s stock.

Institutional Trading of Metallus

Several institutional investors and hedge funds have recently bought and sold shares of MTUS. Public Employees Retirement System of Ohio purchased a new position in shares of Metallus during the 2nd quarter valued at $37,000. State of Wyoming bought a new position in Metallus in the 2nd quarter worth about $77,000. GAMMA Investing LLC raised its holdings in shares of Metallus by 29.4% in the 2nd quarter. GAMMA Investing LLC now owns 4,335 shares of the company’s stock valued at $81,000 after acquiring an additional 986 shares in the last quarter. UNIVEST FINANCIAL Corp purchased a new stake in shares of Metallus in the 2nd quarter valued at about $187,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Metallus during the 2nd quarter valued at about $234,000. 77.58% of the stock is currently owned by hedge funds and other institutional investors.

Metallus Company Profile

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.