Metallus director Ronald Rice buys $166,100 in company shares

Metallus Inc. (NASDAQ:MTUS) director Ronald A. Rice made a significant move in the stock market by purchasing 10,000 common shares of the company on November 5, 2026. The transaction valued at $166,100 suggests confidence in the company's future performance. During this purchase, Rice acquired shares at prices between $16.12 and $16.85, with a weighted average cost of $16.61 per share.

At the time of this transaction, Metallus Inc.'s stock was trading at $15.76, marking a 25% decline over the previous week, according to InvestingPro data. The stock had hit a 52-week low of $14.19, making Rice's move potentially a strategic vote of confidence in the company. Following this purchase, Mr. Rice now owns a total of 161,818 common shares of Metallus Inc., equating to a direct beneficial ownership.

This move comes after Metallus Inc. reported its Q3 2026 financial results, exceeding earnings per share (EPS) estimates, with adjusted earnings of $0.35 per share and revenue of $337.2 million. Despite a slight shortfall in revenue, the company demonstrated growth in adjusted EBITDA and net sales. However, KeyBanc has lowered its rating on Metallus Inc., citing weaker pricing and product mix as the company fulfills obligations to baseload customers.

The firm has adjusted its 2026 estimates, reflecting concerns about future performance. This article was AI-generated, reviewed by an editor, and aimed to provide a comprehensive account of the story.