Martin Leb Juravsky Sells 3,400 Shares of Russel Metals (TSE:RUS) Stock

Russel Metals Inc. (TSE:RUS) insider Martin Leb Juravsky sold 3,400 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of C$62.87, for a total transaction of C$213,758.00. Following the transaction, the insider directly owned 18,956 shares of the company’s stock, valued at approximately C$1,191,763.72. This represents a 15.21% decrease in their position.

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

• On Wednesday, June 3rd, Martin Leb Juravsky sold 1,600 shares of Russel Metals stock. The shares were 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 Trading Up 1.7%

Shares of TSE RUS traded up C$1.06 on Thursday, reaching C$64.14. 104,879 shares of the company traded hands, compared to its average volume of 220,622. Russel Metals Inc. has a fifty-two week low of C$39.09 and a fifty-two week high of C$64.26. The company has a 50 day moving average of C$53.75 and a 200 day moving average of C$48.40. The company has a current ratio of 2.86, a quick ratio of 1.44 and a debt-to-equity ratio of 29.50. The stock has a market capitalization of C$3.52 billion, a PE ratio of 18.02, a P/E/G ratio of 0.59 and a beta of 1.16.

Russel Metals (TSE:RUS) last posted its earnings results on Tuesday, May 5th. The company reported C$1.30 earnings per share (EPS) 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 during the quarter.

Russel Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, May 28th. Russel Metals’s dividend payout ratio (DPR) is currently 48.31%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Royal Bank Of Canada increased their price target on Russel Metals from C$55.00 to C$63.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Scotia boosted their price objective on Russel Metals from C$54.00 to C$62.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 7th. Stifel Nicolaus upped their target price on Russel Metals from C$49.00 to C$58.50 and gave the stock a “hold” rating in a research report on Thursday, May 7th. Scotiabank raised their target price on Russel Metals from C$52.00 to C$54.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Finally, TD boosted their price target on Russel Metals from C$63.00 to C$68.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.