Universal Stainless & Alloy
USAP
Market cap $405M

43.53 USD

-0.14

0.32%

Updated Oct 22, 10:49 AM EDT

1 day

-0.32%

5 days

4.89%

1 month

8.66%

3 months

45.00%

6 months

64.45%

Year to date

126.13%

1 year

286.93%

5 years

218.43%

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

Materials Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

133% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 15

26% more funds holding

Funds holding: 78 [Q1] → 98 (+20) [Q2]

15% more capital invested

Capital invested by funds: $141M [Q1] → $162M (+$20.7M) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

7% less repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 30

4.96% less ownership

Funds ownership: 69.24% [Q1] → 64.28% (-4.96%) [Q2]

88% less call options, than puts

Call options by funds: $13K | Put options by funds: $106K

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Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$46

6%

upside

Avg. target

$46

6%

upside

High target

$46

6%

upside

2 analyst ratings

1 positive

50%

1 neutral

50%

0 negative

0%

Keybanc Philip Gibbs 76% 1-year accuracy 19 / 25 met price target	6%upside $46	Sector Weight Downgraded	18 Oct 2024
Keybanc Philip Gibbs 76% 1-year accuracy 19 / 25 met price target	6%upside $46	Overweight Maintained	1 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 8 articles about USAP published over the past 30 days

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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.

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

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.

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Universal Stainless & Alloy Products, Inc.

Universal Stainless & Alloy Products, Inc. (USAP) M&A Call Transcript

Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP ) M&A Conference Call October 17, 2024 9:00 AM ET Company Participants June Filingeri - President, Comm-Partners LLC Christopher Zimmer - President and Chief Executive Officer Conference Call Participants Philip Gibbs - KeyBanc Capital Markets Inc. Operator Good day and thank you for standing by. Welcome to the Universal Stainless Conference Call.

Universal Stainless & Alloy Products, Inc. (USAP) M&A Call Transcript

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Universal Stainless & Alloy Products Inc. - USAP

NEW YORK , Oct. 17, 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.

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Universal Stainless & Alloy Products Inc. - USAP

USAP Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Universal Stainless & Alloy Products, Inc. Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Universal Stainless & Alloy Products, Inc. (NASDAQ: USAP) to Aperam for $45.00 per share in cash is fair to Universal shareholders. Halper Sadeh encourages Universal shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns.

USAP Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Universal Stainless & Alloy Products, Inc. Is Fair to Shareholders

Shareholder Alert: Ademi LLP Investigates Whether Universal Stainless & Alloy Products, Inc. Is Obtaining a Fair Price for Its Public Shareholders

MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating Universal (Nasdaq: USAP) for possible breaches of fiduciary duty and other violations of law in its transaction with Aperam. Click here to learn how to join our investigation or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you. In the transaction, Universal shareholders will receive only $45.00 per share in cash. The transaction agreement unreasonably limits competing transactions for Universal by imposing a.

Shareholder Alert: Ademi LLP Investigates Whether Universal Stainless & Alloy Products, Inc. Is Obtaining a Fair Price for Its Public Shareholders

Universal Stainless Signs Definitive Agreement to be Acquired by Aperam for $45.00 Per Share in All-Cash Transaction

- Conference Call Scheduled at 9:00 AM (ET) TODAY - Universal stockholders to receive $45.00 per share in cash, a 19% premium to three-month volume-weighted average stock price; 10.6x trailing 12-month Adjusted EBITDA Universal to become part of leader in stainless, specialty steel solutions and recycling, with complementary capabilities and strong financial resources Universal to maintain distinct U.S. identity; team and operations to remain intact BRIDGEVILLE, Pa., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) (“Universal” or the “Company”) announced today that it has entered into a definitive agreement to be acquired by Aperam in an all-cash transaction.

Universal Stainless Signs Definitive Agreement to be Acquired by Aperam for $45.00 Per Share in All-Cash Transaction

Universal Stainless: Aerospace Market Growth Remains Strong

Universal Stainless has seen a 400% share price increase since December 2023, mainly driven by strong aerospace market growth. USAP's backlog has declined 16% YoY, potentially indicating future sales pressures, although I believe that improved lead times partly explain this reduction. Despite some headwinds, I expect continued aerospace demand and revenue growth, supported by positive cash flows and a continuous reduction in debt.

Universal Stainless: Aerospace Market Growth Remains Strong

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