Insider Selling: Russel Metals (TSE:RUS) Insider Sells 3,400 Shares of Stock

Russel Metals Inc. (TSE:RUS) insider Martin Leb Juravsky sold 3,400 shares of Russel Metals stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of C$62.87, for a total transaction of C$213,758.00. Following the completion of the sale, the insider owned 18,956 shares of the company’s stock, valued at approximately C$1,191,763.72. This trade 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 stock was sold at an average price of C$63.28, for a total transaction of C$316,400.00.

Russel Metals Stock Up 1.7%

Shares of RUS traded up C$1.06 during midday trading on Thursday, hitting C$64.14. The company had a trading volume of 104,879 shares, compared to its average volume of 220,622. The stock has a market cap of C$3.52 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 0.59 and a beta of 1.16. The company’s 50 day moving average price is C$53.75 and its 200 day moving average price is C$48.40. The company has a quick ratio of 1.44, a current ratio of 2.86 and a debt-to-equity ratio of 29.50. Russel Metals Inc. has a 52 week low of C$39.09 and a 52 week high of C$64.26.

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

Russel Metals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be given a dividend of $0.44 per share. 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 (DPR) is presently 48.31%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. TD Securities increased their price target on shares of Russel Metals from C$50.00 to C$57.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. National Bank Financial increased their price target on shares of 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. Scotia increased their price objective on shares of 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. TD increased their price objective on shares of Russel Metals from C$63.00 to C$68.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Finally, Scotiabank increased their price objective on shares of Russel Metals from C$52.00 to C$54.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average 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.