Russel Metals (TSE:RUS) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Russel Metals Inc. (TSE:RUS) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$61.14 and traded as high as C$79.25. Russel Metals shares last traded at C$77.89, with a volume of 107,594 shares traded.

Analyst Ratings Changes

A number of research firms have weighed in on RUS. Royal Bank Of Canada upped their price objective on shares of Russel Metals from C$68.00 to C$92.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. TD boosted their target price on shares of Russel Metals from C$68.00 to C$94.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Stifel Nicolaus raised their price target on 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 company a “sector perform” rating in a research note on Monday, August 10th. Finally, Scotiabank boosted their price target on Russel Metals from C$76.00 to C$89.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 11th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$76.89.

Russel Metals Stock Performance

The firm has a fifty day moving average price of C$73.18 and a 200 day moving average price of C$61.36. The firm has a market capitalization of C$4.41 billion, a PE ratio of 20.49, a P/E/G ratio of 0.59 and a beta of 1.28. The company has a debt-to-equity ratio of 27.88, a current ratio of 2.61 and a quick ratio of 1.44.

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

Russel Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Friday, August 28th. Russel Metals’s dividend payout ratio (DPR) is currently 44.13%.

Insider Buying and Selling at Russel Metals

In related news, insider Martin Leb Juravsky sold 5,682 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of C$80.40, for a total value of C$456,832.80. Following the transaction, the insider owned 6,674 shares in the company, valued at approximately C$536,589.60. This represents a 45.99% decrease in their ownership of the stock. Also, Director James Francis Dinning sold 3,000 shares of Russel Metals stock in a transaction on Thursday, August 13th. The shares were sold at an average price of C$80.00, for a total transaction of C$240,000.00. Following the completion of the sale, the director directly owned 16,250 shares of the company’s stock, valued at approximately C$1,300,000. The trade was a 15.58% decrease in their position. Insiders sold 33,682 shares of company stock valued at $2,735,333 in the last quarter. Company insiders own 0.85% of the company’s stock.

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.