Metallus (NYSE:MTUS) Sets New 1-Year High – Here’s Why

by · The Markets Daily

Metallus Inc. (NYSE:MTUS – Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $18.52 and last traded at $18.3480, with a volume of 136310 shares trading hands. The stock had previously closed at $17.90.

Wall Street Analysts Forecast Growth

MTUS has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Metallus from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings restated a “sell (d)” rating on shares of Metallus in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $24.00.

Check Out Our Latest Stock Report on MTUS

Metallus Trading Down 1.0%

The stock has a market cap of $758.51 million, a P/E ratio of -95.85, a PEG ratio of 2.01 and a beta of 1.45. The company’s 50 day moving average price is $16.98 and its two-hundred day moving average price is $16.18.

Metallus (NYSE:MTUS – Get Free Report) last announced its earnings results on Thursday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.11. Metallus had a negative net margin of 0.73% and a positive return on equity of 2.94%. The company had revenue of $241.90 million during the quarter, compared to analyst estimates of $307.90 million. On average, sell-side analysts anticipate that Metallus Inc. will post 0.66 earnings per share for the current year.

Hedge Funds Weigh In On Metallus

Institutional investors and hedge funds have recently bought and sold shares of the stock. First Citizens Bank & Trust Co. purchased a new position in shares of Metallus during the 2nd quarter valued at $319,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Metallus by 68.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,937,438 shares of the company’s stock valued at $25,885,000 after acquiring an additional 784,804 shares during the period. American Century Companies Inc. lifted its position in shares of Metallus by 4.2% in the second quarter. American Century Companies Inc. now owns 1,501,577 shares of the company’s stock valued at $23,139,000 after acquiring an additional 60,251 shares in the last quarter. Azarias Capital Management L.P. boosted its stake in shares of Metallus by 14.1% in the second quarter. Azarias Capital Management L.P. now owns 593,036 shares of the company’s stock worth $9,139,000 after acquiring an additional 73,263 shares during the period. Finally, Voya Investment Management LLC boosted its stake in shares of Metallus by 47.1% in the first quarter. Voya Investment Management LLC now owns 78,811 shares of the company’s stock worth $1,053,000 after acquiring an additional 25,223 shares during the period. 77.58% of the stock is currently owned by hedge funds and other institutional investors.

About Metallus

(Get Free Report)

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.

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