Principal Financial Group Inc. Buys New Stake in Metallus Inc. (NYSE:MTUS)

Principal Financial Group Inc. purchased a new stake in shares of Metallus Inc. (NYSE:MTUS) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 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 SEC.

Several other large investors have also made changes to their positions in MTUS. SG Americas Securities LLC purchased a new position in shares of Metallus during the 3rd quarter valued at approximately $189,000. Farmers Trust Co. acquired a new stake in shares of Metallus during the 3rd quarter worth about $609,000. Inspire Investing LLC purchased a new position in shares of Metallus during the 3rd quarter worth approximately $414,000. Exchange Traded Concepts LLC acquired a new position in Metallus during the 3rd quarter worth about $942,000. Finally, Creative Planning acquired a new stake in Metallus during the 3rd quarter worth approximately $183,000. 77.58% of the stock is owned by hedge funds and other institutional investors.

Metallus Trading Up 0.4 %

MTUS stock opened at $13.74 on Friday. Metallus Inc. has a twelve month low of $13.53 and a twelve month high of $24.31. The stock has a market cap of $583.87 million, a P/E ratio of 26.42, a PEG ratio of 1.66 and a beta of 1.39. The company’s 50 day moving average is $15.27 and its two-hundred day moving average is $16.74.

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.