Insider Selling: Russel Metals (TSE:RUS) Insider Sells 5,682 Shares of Stock

Russel Metals Inc. (TSE:RUS) insider Martin Leb Juravsky sold 5,682 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of C$80.40, for a total transaction of C$456,832.80. Following the sale, the insider directly owned 6,674 shares of the company’s stock, valued at approximately C$536,589.60. The trade was a 45.99% decrease in their ownership of the stock.

Martin Leb Juravsky also recently made the following trade(s):

• On Wednesday, June 3rd, Martin Leb Juravsky sold 3,400 shares of Russel Metals stock. The stock was sold at an average price of C$62.87, for a total transaction of C$213,758.00.
• On Wednesday, June 3rd, Martin Leb Juravsky sold 1,600 shares of Russel Metals stock. The stock was sold at an average price of C$62.87, for a total transaction of C$100,592.00.
• On Thursday, June 4th, Martin Leb Juravsky sold 5,000 shares of Russel Metals stock. The shares were sold at an average price of C$63.28, for a total transaction of C$316,400.00.

Russel Metals Stock Down 1.0%

Shares of Russel Metals stock traded down C$0.80 during trading hours on Monday, hitting C$78.93. 75,145 shares of the company’s stock traded hands, compared to its average volume of 230,907. The stock has a 50 day simple moving average of C$66.68 and a 200-day simple moving average of C$56.82. The company has a quick ratio of 1.44, a current ratio of 2.61 and a debt-to-equity ratio of 27.88. The company has a market cap of C$4.33 billion, a PE ratio of 20.14, a PEG ratio of 0.59 and a beta of 1.21. Russel Metals Inc. has a twelve month low of C$39.09 and a twelve month high of C$83.12.

Russel Metals (TSE:RUS) last announced its earnings results on Thursday, August 6th. The company reported C$1.63 earnings per share (EPS) for the quarter. Russel Metals had a return on equity of 13.09% and a net margin of 4.04%.The business had revenue of C$1.66 billion for the quarter.

Russel Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.44 per share. The ex-dividend date is Friday, August 28th. This represents a $1.76 annualized dividend and a yield of 2.2%. Russel Metals’s payout ratio is currently 44.13%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on RUS shares. TD raised their price target on shares of Russel Metals from C$68.00 to C$94.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. BMO Capital Markets increased their price objective on shares of Russel Metals from C$51.00 to C$56.00 in a research note on Wednesday, May 6th. Stifel Nicolaus raised their price objective on shares of Russel Metals from C$64.00 to C$85.00 and gave the stock a “hold” rating in a report on Monday, August 10th. National Bank Financial boosted their target price on shares of Russel Metals from C$57.00 to C$75.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. Finally, Raymond James Financial lowered shares of Russel Metals from a “moderate buy” rating to a “hold” rating and upped their target price for the company from C$70.00 to C$82.00 in a research note on Monday, August 10th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Russel Metals presently has an average rating of “Moderate Buy” and an average price target of C$76.89.

Russel Metals Company Profile

Russel Metals is one of the largest metals distribution companies in North America with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy field stores and steel distributors. Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals.