Principal Financial Group Inc. bought a new position in Metallus Inc. (NYSE:MTUS - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 199,294 shares of the company's stock, valued at approximately $2,956,000. Principal Financial Group Inc. owned about 0.47% of Metallus as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the company. FMR LLC bought a new stake in Metallus during the third quarter valued at about $29,000. Mark Sheptoff Financial Planning LLC bought a new position in shares of Metallus during the 3rd quarter valued at approximately $41,000. Huntington National Bank purchased a new stake in Metallus in the 3rd quarter worth approximately $49,000. Y Intercept Hong Kong Ltd bought a new stake in Metallus during the 3rd quarter worth approximately $156,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Metallus during the 3rd quarter worth approximately $159,000. 77.58% of the stock is currently owned by institutional investors.
Metallus Stock Performance
Shares of MTUS traded up $0.05 during mid-day trading on Friday, reaching $13.74. The stock had a trading volume of 318,109 shares, compared to its average volume of 356,005. The business has a fifty day moving average of $15.27 and a 200 day moving average of $16.72. The firm has a market cap of $583.87 million, a price-to-earnings ratio of 26.42, a PEG ratio of 1.66 and a beta of 1.39. Metallus Inc. has a 12 month low of $13.53 and a 12 month high of $24.31.
About Metallus
(
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.
See Also
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
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
