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

Key Points

• Insider sale: Martin Leb Juravsky sold 5,682 Russel Metals shares for approximately C$456,833, reducing his direct ownership by 45.99% to 6,674 shares.
• Financial and dividend update: Russel Metals reported quarterly EPS of C$1.63 on C$1.66 billion in revenue and declared a C$0.44 quarterly dividend, equivalent to a 2.2% yield.
• Analyst outlook: Analysts maintain a “Moderate Buy” consensus, with an average price target of C$76.89, while shares recently traded at C$78.93 after reaching a 52-week high of C$83.12.

Russel Metals Inc. (TSE:RUS - Get Free Report) insider Martin Leb Juravsky sold 5,682 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 6,674 shares in the company, valued at 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 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.
• On Thursday, June 4th, Martin Leb Juravsky sold 5,000 shares of Russel Metals stock. The stock was sold at an average price of C$63.28, for a total transaction of C$316,400.00.

Russel Metals Trading Down 1.0%

Shares of RUS traded down C$0.80 during mid-day trading on Monday, reaching C$78.93. The company had a trading volume of 75,145 shares, compared to its average volume of 230,907. Russel Metals Inc. has a fifty-two week low of C$39.09 and a fifty-two week high of C$83.12. The firm has a fifty day simple moving average of C$66.68 and a 200-day simple moving average of C$56.82. The stock has a market cap of C$4.33 billion, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 0.59 and a beta of 1.21. The company has a current ratio of 2.61, a quick ratio of 1.44 and a debt-to-equity ratio of 27.88.

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

Russel Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 15th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, August 28th. Russel Metals's payout ratio is currently 44.13%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on RUS shares. Royal Bank Of Canada lifted their price target on shares of Russel Metals from C$68.00 to C$92.00 and gave the company an "outperform" rating in a research report on Monday, August 10th. TD lifted their target price on shares of Russel Metals from C$68.00 to C$94.00 and gave the company a "buy" rating in a report on Tuesday, August 11th. Scotia upped their price target 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. National Bank Financial increased their price target on Russel Metals from C$57.00 to C$75.00 and gave the company a "sector perform" rating 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 research report on Wednesday, May 6th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.

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