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

Russel Metals Inc. (TSE:RUS) insider Martin Leb Juravsky sold 5,682 shares of Russel Metals stock in a transaction dated 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 approximately 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 transaction of C$213,758.00.
• On Wednesday, June 3rd, Martin Leb Juravsky sold 1,600 shares of Russel Metals stock. The stock was 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 shares were sold at an average price of C$63.28, for a total value of C$316,400.00.

Russel Metals Price Performance

Shares of TSE:RUS opened at C$77.73 on Wednesday. The company has a debt-to-equity ratio of 27.88, a quick ratio of 1.44 and a current ratio of 2.61. The business’s fifty day moving average price is C$67.32 and its two-hundred day moving average price is C$57.25. The stock has a market cap of C$4.27 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 0.59 and a beta of 1.21. Russel Metals Inc. has a one year low of C$39.09 and a one year high of C$83.12.

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

Russel Metals Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Stifel Nicolaus lifted their price target on shares of Russel Metals from C$64.00 to C$85.00 and gave the stock a “hold” rating in a report on Monday, August 10th. National Bank Financial raised their target price on shares of Russel Metals from C$57.00 to C$75.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. Scotiabank lifted their target price on shares of 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. Raymond James Financial downgraded Russel Metals from a “moderate buy” rating to a “hold” rating and boosted their price target for the company from C$70.00 to C$82.00 in a report on Monday, August 10th. Finally, BMO Capital Markets raised their price objective on Russel Metals from C$51.00 to C$56.00 in a report on Wednesday, May 6th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Russel Metals currently 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.