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

Principal Financial Group Inc. purchased a new stake in Metallus Inc. (NYSE:MTUS) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 199,294 shares of the company’s stock, valued at approximately $2,956,000. Principal Financial Group Inc. owned about 0.46% of Metallus at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Amalgamated Bank bought a new position in shares of Metallus during the third quarter valued at about $172,000. Creative Planning purchased a new stake in Metallus in the 3rd quarter valued at about $183,000. SG Americas Securities LLC bought a new position in shares of Metallus during the 3rd quarter worth approximately $189,000. Beese Fulmer Investment Management Inc. bought a new position in shares of Metallus during the 3rd quarter worth approximately $233,000. Finally, Everence Capital Management Inc. purchased a new position in shares of Metallus in the 3rd quarter worth approximately $256,000. 77.58% of the stock is currently owned by institutional investors.

Metallus Trading Up 3.3 %

Shares of MTUS opened at $15.54 on Friday. The stock has a 50 day moving average of $14.81 and a 200 day moving average of $18.26. The company has a market capitalization of $660.29 million, a price-to-earnings ratio of 29.89, a PEG ratio of 1.53 and a beta of 1.36. Metallus Inc. has a 12 month low of $13.82 and a 12 month high of $24.31.

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.