Principal Financial Group Inc. bought a new position in shares of Metallus Inc. (NYSE:MTUS - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 199,294 shares of the company's stock, valued at approximately $2,956,000. Principal Financial Group Inc. owned 0.46% of Metallus at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Amalgamated Bank acquired a new position in shares of Metallus in the third quarter valued at approximately $172,000. Creative Planning bought a new position in Metallus during the 3rd quarter worth $183,000. SG Americas Securities LLC acquired a new stake in shares of Metallus during the third quarter worth $189,000. Beese Fulmer Investment Management Inc. bought a new stake in shares of Metallus in the third quarter valued at about $233,000. Finally, Everence Capital Management Inc. acquired a new position in shares of Metallus in the third quarter valued at about $256,000. 77.58% of the stock is currently owned by institutional investors.
Metallus Price Performance
Metallus stock traded up $0.49 during midday trading on Friday, hitting $15.54. The company's stock had a trading volume of 436,330 shares, compared to its average volume of 298,050. The company has a 50-day moving average price of $14.83 and a two-hundred day moving average price of $18.20. Metallus Inc. has a 1-year low of $13.82 and a 1-year high of $24.31. The company has a market cap of $660.36 million, a price-to-earnings ratio of 29.88, a PEG ratio of 1.57 and a beta of 1.36.
Metallus Company Profile
(
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.
Featured Articles
Before you consider Metallus, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Metallus wasn't on the list.
While Metallus currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
