Universal Stainless & AlloyUSAP
USAP
About: Universal Stainless & Alloy Products Inc manufactures and markets semi-finished and finished specialty steel products, including stainless steel, nickel alloys, tool steel, and certain other alloyed steels. The company along with its subsidiaries involves melting, remelting, heat treating, hot and cold rolling, forging, machining and cold drawing of semi-finished and finished specialty steels. Its products are sold to service centers, forgers, rerollers, and original equipment manufacturers.
Employees: 678
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
131% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 13
100% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 2 (+1) [Q3]
75% more call options, than puts
Call options by funds: $919K | Put options by funds: $526K
49% more capital invested
Capital invested by funds: $167M [Q2] → $249M (+$81.5M) [Q3]
21% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 33
17% more funds holding
Funds holding: 98 [Q2] → 115 (+17) [Q3]
3.32% more ownership
Funds ownership: 66.43% [Q2] → 69.74% (+3.32%) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$46
4%
upside
Avg. target
$46
4%
upside
High target
$46
4%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Keybanc Philip Gibbs 60% 1-year accuracy 15 / 25 met price target | 4%upside $46 | Sector Weight Downgraded | 18 Oct 2024 |
Financial journalist opinion
Based on 3 articles about USAP published over the past 30 days
Neutral
GlobeNewsWire
1 week ago
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates NAPA and USAP on Behalf of Shareholders
NEW YORK, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Positive
Zacks Investment Research
1 week ago
4 Steel Stocks That Have Gained More Than 30% in 2024 Amid Price Slump
While 2024 brought significant hurdles for the steel industry, CRS, USAP, FSTR and WS showed remarkable resilience and delivered solid returns on the bourses.
Neutral
Business Wire
2 weeks ago
UNIVERSAL STAINLESS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Universal Stainless & Alloy Products, Inc. - USAP
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Universal Stainless & Alloy Products, Inc. (NasdaqGS: USAP) to Aperam. Under the terms of the proposed transaction, shareholders of Universal will receive $45.00 in cash for each share of Universal that they own. KSF is seeking to determine whether this consideration and the process that led to it are adeq.
Neutral
GlobeNewsWire
1 month ago
USAP Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Sale of Universal Stainless & Alloy Products to Aperam
MONSEY, N.Y., Oct. 31, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Universal Stainless & Alloy Products (Nasdaq: USAP) (“Universal”) to Aperam for $45.00 per share in cash.
Neutral
GlobeNewsWire
1 month ago
Universal Stainless Reports Record Sales and Net Income in Third Quarter of 2024
BRIDGEVILLE, Pa., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) today reported record net sales of $87.3 million for the third quarter of 2024, an increase of 5% from the second quarter of 2024, and up 22% from the third quarter of 2023. Year-to-date net sales of $247.6 million were up 20% from the same period in 2023.
Neutral
PRNewsWire
1 month ago
SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Universal Stainless & Alloy Products Inc. - USAP
NEW YORK , Oct. 24, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Universal Stainless & Alloy Products Inc. (Nasdaq: USAP ), relating to its proposed merger with Aperam US Absolute LLC.
Neutral
GlobeNewsWire
1 month ago
SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Universal Stainless & Alloy Products Inc. – USAP
NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Universal Stainless & Alloy Products Inc. ( Nasdaq: USAP ), relating to its proposed merger with Aperam US Absolute LLC. Under the terms of the agreement, all USAP shares will be automatically converted into the right to receive $45.00 per share.
Neutral
Benzinga
2 months ago
This Analyst With 85% Accuracy Rate Sees Around 11% Upside In Netflix - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
U.S. stocks settled higher on Friday, with the Dow Jones index and S&P 500 jumping to fresh record highs during the session. All three major indices recorded gains for the sixth straight week, with the Dow and S&P 500 gaining 0.96% and 0.85%, respectively.
Neutral
Business Wire
2 months ago
UNIVERSAL STAINLESS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Universal Stainless & Alloy Products, Inc. - USAP
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Universal Stainless & Alloy Products, Inc. (NasdaqGS: USAP) to Aperam. Under the terms of the proposed transaction, shareholders of Universal will receive $45.00 in cash for each share of Universal that they own. KSF is seeking to determine whether this consideration and the process that led to it are adeq.
Neutral
PRNewsWire
2 months ago
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Universal Stainless & Alloy Products, Inc.
NEW YORK , Oct. 18, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Universal Stainless & Alloy Products, Inc. (NASDAQ: USAP) and its board of directors concerning the proposed acquisition of the company by Aperam. Stockholders will receive $45.00 for each share of Universal Stainless stock that they hold.
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