Russel Metals Inc. (TSE:RUS – Get Free Report) insider Martin Leb Juravsky sold 5,000 shares of the business’s stock in a transaction that occurred 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 directly owned 12,356 shares of the company’s stock, valued at approximately C$781,887.68. This represents a 28.81% 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 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 Price Performance
RUS stock opened at C$63.95 on Friday. Russel Metals Inc. has a one year low of C$39.09 and a one year high of C$64.26. The stock has a market cap of C$3.51 billion, a PE ratio of 17.96, a P/E/G ratio of 0.59 and a beta of 1.16. The firm has a 50 day simple moving average of C$54.07 and a two-hundred day simple moving average of C$48.57. The company has a debt-to-equity ratio of 29.50, a current ratio of 2.86 and a quick ratio of 1.44.
Russel Metals Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.8%. Russel Metals’s dividend payout ratio is 48.31%.
Wall Street Analyst Weigh In
RUS has been the subject of a number of research reports. National Bank Financial upped 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. Scotia upped their price objective on shares of Russel Metals from C$54.00 to C$62.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 7th. TD Securities increased their price target on shares of Russel Metals from C$50.00 to C$57.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Stifel Nicolaus increased their price target on shares of Russel Metals from C$49.00 to C$58.50 and gave the company a “hold” rating in a research report on Thursday, May 7th. Finally, BMO Capital Markets increased their price target on shares of Russel Metals from C$51.00 to C$56.00 in a research report on Wednesday, May 6th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$59.50.
Get Our Latest Stock Report on Russel Metals
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.
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