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 the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of C$63.28, for a total value of C$316,400.00. Following the transaction, the insider owned 12,356 shares in the company, valued at C$781,887.68. The trade was a 28.81% 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 shares were sold at an average price of C$62.87, for a total value of C$213,758.00.
• 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 value of C$100,592.00.

Russel Metals Stock Down 2.9%

Shares of TSE RUS opened at C$62.07 on Friday. 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$3.41 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 0.59 and a beta of 1.16. The stock’s fifty day simple moving average is C$54.35 and its two-hundred day simple moving average is C$48.66. Russel Metals Inc. has a 12-month low of C$39.09 and a 12-month high of C$64.26.

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

Russel Metals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 15th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, May 28th. Russel Metals’s dividend payout ratio (DPR) is 48.31%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. BMO Capital Markets increased their target price on Russel Metals from C$51.00 to C$56.00 in a research report on Wednesday, May 6th. TD Securities increased their target price on Russel Metals from C$50.00 to C$57.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Raymond James Financial increased their target price on Russel Metals from C$65.00 to C$70.00 in a research report on Friday. Scotia increased their target price on Russel Metals from C$54.00 to C$62.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 7th. Finally, National Bank Financial raised their price objective on Russel Metals from C$51.00 to C$52.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$60.06.

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.