Russel Metals (TSE:RUS) Insider Martin Leb Juravsky Sells 5,682 Shares of Stock

Russel Metals Inc. (TSE:RUS) insider Martin Leb Juravsky sold 5,682 shares of the company’s stock in a transaction dated 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 sale, the insider owned 6,674 shares in the company, valued at C$536,589.60. The trade was a 45.99% 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 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.
• On Thursday, June 4th, Martin Leb Juravsky sold 5,000 shares of Russel Metals stock. The stock was sold at an average price of C$63.28, for a total value of C$316,400.00.

Russel Metals Trading Up 0.4%

Shares of Russel Metals stock opened at C$80.03 on Tuesday. Russel Metals Inc. has a 12-month low of C$39.09 and a 12-month high of C$83.12. The stock has a market cap of C$4.39 billion, a P/E ratio of 20.42, a P/E/G ratio of 0.59 and a beta of 1.21. The company has a quick ratio of 1.44, a current ratio of 2.61 and a debt-to-equity ratio of 27.88. The business’s 50 day moving average is C$67.02 and its 200-day moving average is C$57.05.

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

Russel Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 15th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, August 28th. Russel Metals’s dividend payout ratio (DPR) is 44.13%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Raymond James Financial cut shares of Russel Metals from a “moderate buy” rating to a “hold” rating and upped their target price for the company from C$70.00 to C$82.00 in a report on Monday, August 10th. TD upped their price objective on 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. Royal Bank Of Canada raised their price objective on 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. Scotiabank lifted their target price on Russel Metals from C$76.00 to C$89.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 11th. Finally, National Bank Financial lifted their target price on Russel Metals from C$57.00 to C$75.00 and gave the stock a “sector perform” rating in a research note on Monday, August 10th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Russel Metals has an average rating of “Moderate Buy” and a consensus target price of C$76.89.

About Russel Metals

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.