Martin Leb Juravsky Sells 5,000 Shares of Russel Metals (TSE:RUS) Stock

Russel Metals Inc. (TSE:RUS) insider Martin Leb Juravsky sold 5,000 shares of Russel Metals stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of C$63.28, for a total value of C$316,400.00. Following the completion of the transaction, the insider owned 12,356 shares of the company’s stock, valued at C$781,887.68. The trade was a 28.81% decrease in their position.

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.

Russel Metals Stock Up 1.7%

Shares of RUS stock traded up C$1.06 during trading hours on Thursday, reaching C$64.14. 104,879 shares of the stock were exchanged, compared to its average volume of 220,622. The business’s fifty day moving average is C$53.75 and its two-hundred day moving average is C$48.40. The company has a debt-to-equity ratio of 29.50, a current ratio of 2.86 and a quick ratio of 1.44. Russel Metals Inc. has a 12-month low of C$39.09 and a 12-month high of C$64.26. The firm has a market capitalization of C$3.52 billion, a P/E ratio of 18.02, a P/E/G ratio of 0.59 and a beta of 1.16.

Russel Metals (TSE:RUS) last released its earnings results on Tuesday, May 5th. The company reported C$1.30 earnings per share for the quarter. Russel Metals had a net margin of 4.04% and a return on equity of 12.22%. The firm had revenue of C$1.42 billion for the quarter.

Russel Metals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Thursday, May 28th. Russel Metals’s dividend payout ratio is presently 48.31%.

Analyst Upgrades and Downgrades

RUS has been the topic of a number of recent research reports. Royal Bank Of Canada upped their target price on shares of Russel Metals from C$55.00 to C$63.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. National Bank Financial increased their price target on shares of Russel Metals from C$51.00 to C$52.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Raymond James Financial increased their price target on shares of Russel Metals from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. TD Securities increased their price target on shares of Russel Metals from C$50.00 to C$57.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Finally, Scotia increased their price target on shares of Russel Metals from C$54.00 to C$62.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 7th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Russel Metals presently has a consensus rating of “Moderate Buy” and a consensus price target of C$59.50.

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.