Principal Financial Group Inc. Invests $2.96 Million in Metallus Inc. (NYSE:MTUS)

Principal Financial Group Inc. bought a new stake in Metallus Inc. (NYSE:MTUS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 199,294 shares of the company’s stock, valued at approximately $2,956,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MTUS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Metallus during the 3rd quarter worth approximately $1,104,000. Geode Capital Management LLC acquired a new stake in Metallus in the third quarter valued at $13,888,000. State Street Corp acquired a new position in shares of Metallus in the third quarter worth approximately $32,439,000. Empowered Funds LLC acquired a new stake in shares of Metallus during the third quarter worth $3,565,000. Finally, Janus Henderson Group PLC bought a new position in shares of Metallus during the 3rd quarter worth approximately $15,534,000. Institutional investors own 77.58% of the company’s stock.

Metallus Stock Up 0.4 %

MTUS stock opened at $13.74 on Friday. The firm has a market cap of $583.87 million, a PE ratio of 26.42, a P/E/G ratio of 1.66 and a beta of 1.39. The business has a 50 day moving average of $15.27 and a 200-day moving average of $16.74. Metallus Inc. has a 12-month low of $13.53 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.