Russel Metals (TSE:RUS) Insider Sells C$316,400.00 in Stock

Russel Metals Inc. (TSE:RUS) insider Martin Leb Juravsky sold 5,000 shares of the stock in a transaction on Thursday, June 4th. The shares were sold at an average price of C$63.28, for a total transaction of C$316,400.00. Following the completion of the transaction, the insider directly owned 12,356 shares in the company, valued at C$781,887.68. This trade 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 Trading Down 2.9%

TSE RUS opened at C$62.07 on Friday. Russel Metals Inc. has a 12 month low of C$39.09 and a 12 month high of C$64.26. The company has a debt-to-equity ratio of 29.50, a current ratio of 2.86 and a quick ratio of 1.44. The company has a market capitalization of C$3.41 billion, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 0.59 and a beta of 1.16. The firm’s fifty day moving average price is C$54.35 and its 200 day moving average price is C$48.66.

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

Russel Metals Announces Dividend

The firm also recently disclosed 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 presently 48.31%.

Analyst Ratings Changes

Several brokerages have issued reports on RUS. Stifel Nicolaus raised their price objective on shares of Russel Metals from C$49.00 to C$58.50 and gave the stock a “hold” rating in a research report on Thursday, May 7th. National Bank Financial raised their price objective 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. Raymond James Financial raised their price objective on shares of Russel Metals from C$65.00 to C$70.00 in a research report on Friday. Scotia raised 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 report on Thursday, May 7th. Finally, TD Securities raised their price objective 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. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.