Insider Selling: Russel Metals (TSE:RUS) Insider Sells 5,000 Shares of Stock

Russel Metals Inc. (TSE:RUS) insider Martin Leb Juravsky sold 5,000 shares of Russel Metals stock in a transaction that occurred 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 completion of the sale, the insider directly owned 12,356 shares in the company, valued at C$781,887.68. This represents 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 transaction 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 transaction of C$100,592.00.

Russel Metals Price Performance

Shares of Russel Metals stock traded up C$1.06 on Thursday, hitting C$64.14. 104,879 shares of the company were exchanged, compared to its average volume of 220,622. The company has a quick ratio of 1.44, a current ratio of 2.86 and a debt-to-equity ratio of 29.50. The company has a 50-day moving average price of C$53.75 and a 200 day moving average price of C$48.40. The stock has a market capitalization of C$3.52 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 0.59 and a beta of 1.16. Russel Metals Inc. has a 1-year low of C$39.09 and a 1-year high of C$64.26.

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

Russel Metals Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.76 annualized dividend and a dividend yield of 2.7%. Russel Metals’s dividend payout ratio is 48.31%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RUS. Royal Bank Of Canada lifted their price target on shares of Russel Metals from C$55.00 to C$63.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Scotia raised their target price 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. Scotiabank lifted their target price on Russel Metals from C$52.00 to C$54.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Stifel Nicolaus upped their price target on Russel Metals from C$49.00 to C$58.50 and gave the company a “hold” rating in a research note on Thursday, May 7th. Finally, National Bank Financial increased their price target on Russel Metals from C$51.00 to C$52.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.