Farmers Trust Co. Invests $609,000 in Metallus Inc. (NYSE:MTUS)

Farmers Trust Co. bought a new stake in shares of Metallus Inc. (NYSE:MTUS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 41,050 shares of the company’s stock, valued at approximately $609,000. Farmers Trust Co. owned about 0.09% of Metallus as of its most recent SEC filing.

Separately, SG Americas Securities LLC purchased a new stake in Metallus in the third quarter valued at about $189,000. Institutional investors own 77.58% of the company’s stock.

Metallus Stock Down 2.0 %

MTUS opened at $14.14 on Friday. The company has a market cap of $620.21 million, a P/E ratio of 8.42, a price-to-earnings-growth ratio of 1.04 and a beta of 1.35. The firm’s 50-day moving average price is $16.75 and its 200-day moving average price is $19.96. Metallus Inc. has a 52-week low of $14.09 and a 52-week high of $24.31.

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

Insider Activity

In other news, CFO Kristopher R. Westbrooks sold 16,247 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $23.03, for a total transaction of $374,168.41. Following the sale, the chief financial officer now directly owns 169,642 shares of the company’s stock, valued at approximately $3,906,855.26. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 18,247 shares of company stock valued at $411,888 in the last three months. 3.70% of the stock is currently owned by corporate insiders.

Metallus 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.