Key Points
- Insider selling: Russel Metals insider Martin Leb Juravsky sold 5,000 shares on June 4 at an average price of C$63.28, totaling C$316,400. The sale reduced his ownership by 28.81% to 12,356 shares.
- Recent trading activity: Juravsky also sold 3,400 shares and 1,600 shares on June 3 at C$62.87 each, adding to the recent insider selling trend.
- Company snapshot: Russel Metals shares were up 1.4% and traded near a 12-month high of C$64.26. The company also reported quarterly EPS of C$1.30 and declared a C$0.44 quarterly dividend, while analysts currently rate the stock a Moderate Buy.
Russel Metals Inc. (TSE:RUS - Get Free Report) insider Martin Leb Juravsky sold 5,000 shares of the company's stock in a transaction on Thursday, June 4th. The stock was 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 owned 12,356 shares of the company's stock, 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 stock was 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 transaction of C$100,592.00.
Russel Metals Stock Up 1.4%
Shares of TSE RUS opened at C$63.95 on Friday. The company has a current ratio of 2.86, a quick ratio of 1.44 and a debt-to-equity ratio of 29.50. The firm has a fifty day simple moving average of C$54.07 and a two-hundred day simple moving average of C$48.57. The firm has a market capitalization of C$3.51 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 0.59 and a beta of 1.16. Russel Metals Inc. has a 12 month low of C$39.09 and a 12 month high of C$64.26.
Russel Metals (TSE:RUS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C$1.30 earnings per share (EPS) for the quarter. The company had revenue of C$1.42 billion during the quarter. Russel Metals had a net margin of 4.04% and a return on equity of 12.22%.
Russel Metals Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, May 28th. Russel Metals's dividend payout ratio (DPR) is presently 48.31%.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on RUS shares. Scotiabank increased their price target 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. National Bank Financial raised their price objective on shares of Russel Metals from C$51.00 to C$52.00 and gave the company an "outperform" rating in a research note on Thursday, May 7th. BMO Capital Markets raised their price objective on shares of Russel Metals from C$51.00 to C$56.00 in a research note on Wednesday, May 6th. Raymond James Financial raised their price objective on shares of Russel Metals from C$60.00 to C$65.00 and gave the company an "outperform" rating in a research note 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 company a "buy" rating in a research note on Friday, February 13th. Seven equities research 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 company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$59.50.
Read Our Latest Analysis on RUS
Russel Metals Company Profile
(
Get Free Report)
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.
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