Russel Metals Inc. (TSE:RUS – Get Free Report) insider Martin Leb Juravsky sold 5,682 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of C$80.40, for a total value of C$456,832.80. Following the sale, the insider directly owned 6,674 shares of the company’s stock, valued at approximately C$536,589.60. This represents a 45.99% 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 value 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.
- 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 transaction of C$316,400.00.
Russel Metals Stock Performance
TSE RUS opened at C$76.34 on Thursday. Russel Metals Inc. has a 52-week low of C$39.09 and a 52-week high of C$83.12. The company has a 50-day simple moving average of C$67.63 and a 200 day simple moving average of C$57.45. 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 company has a market capitalization of C$4.19 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 0.59 and a beta of 1.21.
Russel Metals Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 28th. Russel Metals’s payout ratio is 44.13%.
Wall Street Analysts Forecast Growth
RUS has been the subject of a number of recent research reports. Royal Bank Of Canada raised their target price on Russel Metals from C$68.00 to C$92.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. BMO Capital Markets increased their price target on Russel Metals from C$51.00 to C$56.00 in a research note on Wednesday, May 6th. Scotia lifted their price objective on Russel Metals from C$54.00 to C$62.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 7th. National Bank Financial boosted their price objective on Russel Metals from C$57.00 to C$75.00 and gave the company a “sector perform” rating in a research note on Monday, August 10th. Finally, Raymond James Financial downgraded shares of Russel Metals from a “moderate buy” rating to a “hold” rating and upped their price objective for the company from C$70.00 to C$82.00 in a report on Monday, August 10th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Russel Metals presently has a consensus rating of “Moderate Buy” and a consensus target price of C$76.89.
Read Our Latest Research Report on RUS
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.
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