Microvast Holdings announces departure of chief financial officer
Metallus Inc. NASDAQ:MTUS Chief Accounting Officer Nicholas A Yacobozzi sold 21,974 shares of common stock at a price of $18 on July 23, 2025. The total value of the transaction amounted to $395,532. The transaction comes as the stock shows strong momentum, gaining nearly 12% in the past week. According to InvestingPro analysis, the stock appears overvalued at current levels, with analysts maintaining a $20 price target.
Following the transaction, Yacobozzi directly owns 48,889 shares of Metallus Inc.
The sale was executed under a pre-arranged trading plan that satisfies the affirmative defense conditions of Exchange Act Rule 10b5-1(c), which was adopted on December 5, 2024.
In other recent news, Metallus Inc. reported its financial results for the first quarter of 2025, showing a mixed performance. The company achieved revenue of $280.5 million, surpassing the anticipated $259.6 million. However, its earnings per share (EPS) came in at $0.07, missing the expected $0.10. Following the earnings report, KeyBanc Capital Markets maintained its Sector Weight rating on Metallus, adjusting its outlook due to increased costs and a less favorable pricing and product mix. KeyBanc noted Metallus’s strong balance sheet and potential growth in the munitions sector as appealing to long-term investors.
Additionally, Metallus announced changes to its executive team, with Kristopher R. Westbrooks becoming president and chief operating officer, and John M. Zaranec III taking on the role of executive vice president and chief financial officer, effective June 16, 2025. Westbrooks, previously the CFO, has been instrumental in the company’s growth and operational strategy since 2018. These developments reflect Metallus’s ongoing efforts to strengthen its leadership team and financial strategies.
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