Principal Financial Group Inc. Purchases Shares of 199,294 Metallus Inc. (NYSE:MTUS)

Principal Financial Group Inc. purchased a new position in shares of Metallus Inc. (NYSE:MTUS - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 199,294 shares of the company's stock, valued at approximately $2,956,000. Principal Financial Group Inc. owned approximately 0.46% of Metallus as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in MTUS. Assenagon Asset Management S.A. bought a new position in Metallus in the 3rd quarter worth $3,017,000. New York State Teachers Retirement System acquired a new stake in shares of Metallus in the third quarter valued at about $1,217,000. Exchange Traded Concepts LLC bought a new position in shares of Metallus in the third quarter worth about $942,000. Fruth Investment Management bought a new position in shares of Metallus in the third quarter worth about $811,000. Finally, Farmers Trust Co. acquired a new position in shares of Metallus during the 3rd quarter worth about $609,000. Institutional investors and hedge funds own 77.58% of the company's stock.

Metallus Stock Up 3.3 %

MTUS opened at $15.54 on Friday. The stock's 50 day moving average price is $14.81 and its two-hundred day moving average price is $18.26. The firm has a market capitalization of $660.36 million, a P/E ratio of 29.88, a price-to-earnings-growth ratio of 1.57 and a beta of 1.36. Metallus Inc. has a 12-month low of $13.82 and a 12-month high of $24.31.

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.