New York State Teachers Retirement System Makes New Investment in Metallus Inc. (NYSE:MTUS)

New York State Teachers Retirement System acquired a new position in Metallus Inc. (NYSE:MTUS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 82,031 shares of the company’s stock, valued at approximately $1,217,000. New York State Teachers Retirement System owned 0.19% of Metallus as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new stake in Metallus in the third quarter worth about $323,000. Louisiana State Employees Retirement System bought a new stake in Metallus in the third quarter worth about $274,000. Assenagon Asset Management S.A. bought a new stake in Metallus in the third quarter worth about $3,017,000. Beese Fulmer Investment Management Inc. bought a new stake in Metallus in the third quarter worth about $233,000. Finally, International Assets Investment Management LLC bought a new stake in Metallus in the third quarter worth about $462,000. Institutional investors own 77.58% of the company’s stock.

Metallus Stock Performance

Shares of MTUS stock opened at $15.71 on Friday. The firm has a market cap of $682.76 million, a price-to-earnings ratio of 13.54, a P/E/G ratio of 1.14 and a beta of 1.36. The firm’s 50-day simple moving average is $14.82 and its two-hundred day simple moving average is $18.62. Metallus Inc. has a 52 week low of $13.82 and a 52 week high of $24.31.

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

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.