48,220 Shares in Metallus Inc. (NYSE:MTUS) Acquired by Sittner & Nelson LLC

Sittner & Nelson LLC bought a new position in Metallus Inc. (NYSE:MTUS) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 48,220 shares of the company’s stock, valued at approximately $715,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. purchased a new position in shares of Metallus in the third quarter worth about $3,017,000. Principal Financial Group Inc. bought a new position in Metallus during the 3rd quarter worth approximately $2,956,000. New York State Teachers Retirement System purchased a new position in Metallus in the 3rd quarter worth approximately $1,217,000. Exchange Traded Concepts LLC bought a new stake in Metallus in the third quarter valued at approximately $942,000. Finally, Fruth Investment Management purchased a new stake in shares of Metallus during the third quarter valued at approximately $811,000. 77.58% of the stock is currently owned by institutional investors.

Metallus Stock Performance

Shares of Metallus stock opened at $15.98 on Friday. Metallus Inc. has a 52-week low of $13.82 and a 52-week high of $24.31. The company’s 50 day moving average price is $14.83 and its 200-day moving average price is $18.67. The stock has a market capitalization of $694.49 million, a price-to-earnings ratio of 13.78, a P/E/G ratio of 1.14 and a beta of 1.36.

Metallus (NYSE:MTUS) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.24). Metallus had a return on equity of 10.10% and a net margin of 4.21%. The firm had revenue of $294.70 million during the quarter, compared to the consensus estimate of $320.37 million. During the same period last year, the business earned $0.60 EPS. Metallus’s revenue was down 17.4% on a year-over-year basis. As a group, equities research analysts forecast that Metallus Inc. will post 0.96 earnings per share for the current fiscal year.

Metallus Company Profile

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.