Russel Metals (TSE:RUS) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Russel Metals Inc. (TSE:RUS) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$59.93 and traded as high as C$76.74. Russel Metals shares last traded at C$76.48, with a volume of 274,281 shares.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. National Bank Financial boosted their target price on Russel Metals from C$57.00 to C$75.00 and gave the stock a “sector perform” rating in a report on Monday, August 10th. TD raised their price target on Russel Metals from C$68.00 to C$94.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Scotiabank lifted their price objective on Russel Metals from C$76.00 to C$89.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 11th. Stifel Nicolaus boosted their price objective on Russel Metals from C$64.00 to C$85.00 and gave the stock a “hold” rating in a research note on Monday, August 10th. Finally, Raymond James Financial cut Russel Metals from a “moderate buy” rating to a “hold” rating and increased their target price for the stock from C$70.00 to C$82.00 in a report on Monday, August 10th. Five investment analysts have rated the stock with a Buy rating and three have given 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$76.89.

Russel Metals Price Performance

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 stock’s 50-day moving average price is C$71.40 and its 200-day moving average price is C$60.13. The company has a market capitalization of C$4.17 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 0.59 and a beta of 1.28.

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

Russel Metals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 15th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 28th. Russel Metals’s dividend payout ratio (DPR) is 44.13%.

Insider Transactions at Russel Metals

In other news, insider Martin Leb Juravsky sold 5,682 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of C$80.40, for a total transaction of C$456,832.80. Following the transaction, the insider owned 6,674 shares of the company’s stock, valued at C$536,589.60. This represents a 45.99% decrease in their ownership of the stock. Also, Director Brian Robie Hedges purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was purchased at an average price of C$80.48 per share, for a total transaction of C$80,480.00. Following the acquisition, the director owned 1,000 shares of the company’s stock, valued at C$80,480. The trade was a ∞ increase in their ownership of the stock. Insiders sold a total of 33,682 shares of company stock worth $2,735,333 over the last 90 days. 0.85% of the stock is owned by insiders.

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.