Sittner & Nelson LLC Purchases New Position in Metallus Inc. (NYSE:MTUS)

Sittner & Nelson LLC 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. The fund bought 48,220 shares of the company's stock, valued at approximately $715,000. Sittner & Nelson LLC owned approximately 0.11% of Metallus at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Sequoia Financial Advisors LLC bought a new stake in Metallus during the 3rd quarter worth about $566,000. Fruth Investment Management acquired a new position in shares of Metallus during the third quarter worth approximately $811,000. Farmers Trust Co. bought a new stake in shares of Metallus during the third quarter valued at approximately $609,000. Exchange Traded Concepts LLC acquired a new stake in shares of Metallus in the third quarter valued at approximately $942,000. Finally, Assenagon Asset Management S.A. bought a new position in Metallus in the 3rd quarter worth approximately $3,017,000. 77.58% of the stock is currently owned by institutional investors.

Metallus Stock Performance

MTUS traded down $0.25 during mid-day trading on Friday, reaching $15.71. The stock had a trading volume of 464,850 shares, compared to its average volume of 283,251. The firm's fifty day simple moving average is $14.82 and its two-hundred day simple moving average is $18.64. The stock has a market capitalization of $682.76 million, a P/E ratio of 13.54, a P/E/G ratio of 1.14 and a beta of 1.36. Metallus Inc. has a 52 week low of $13.82 and a 52 week high of $24.31.

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

About Metallus

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.