Russel Metals (TSE:RUS) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• Russel Metals shares rose above their 200-day moving average, reaching C$70.74 and closing near C$70.25, well above the C$55.45 long-term average.
• Analysts maintain a generally positive view, with six Buy ratings and two Holds, but the average price target of C$61.17 is below the current share price; recent targets range from C$57.00 to C$70.00.
• The company reported C$1.63 in quarterly EPS on C$1.66 billion in revenue and pays an annualized C$1.76 dividend, yielding about 2.5%. However, insiders sold 63,735 shares worth approximately C$3.85 million over the past 90 days.

Russel Metals Inc. (TSE:RUS - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$55.45 and traded as high as C$70.74. Russel Metals shares last traded at C$70.25, with a volume of 107,832 shares traded.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. National Bank Financial raised their target price on shares of Russel Metals from C$52.00 to C$57.00 and gave the company a "sector perform" rating in a report on Monday, July 13th. Scotia boosted 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 report on Thursday, May 7th. TD boosted their price target on shares of Russel Metals from C$63.00 to C$68.00 and gave the stock a "buy" rating in a report on Monday, May 11th. Raymond James Financial increased their price objective on shares of Russel Metals from C$65.00 to C$70.00 in a research report on Friday, June 5th. Finally, Stifel Nicolaus raised their price objective on shares of Russel Metals from C$49.00 to C$58.50 and gave the company a "hold" rating in a report on Thursday, May 7th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, Russel Metals currently has an average rating of "Moderate Buy" and an average price target of C$61.17.

Russel Metals Trading Down 0.7%

The firm has a market capitalization of C$3.86 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 0.59 and a beta of 1.21. The company has a debt-to-equity ratio of 29.50, a quick ratio of 1.44 and a current ratio of 2.86. The company has a 50-day moving average price of C$64.54 and a 200-day moving average price of C$55.45.

Russel Metals (TSE:RUS - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported C$1.63 earnings per share for the quarter. The business had revenue of C$1.66 billion for the quarter. Russel Metals had a return on equity of 12.22% and a net margin of 4.04%.

Russel Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $1.76 dividend on an annualized basis and a yield of 2.5%. Russel Metals's dividend payout ratio (DPR) is presently 48.31%.

Insider Activity at Russel Metals

In related news, insider Martin Leb Juravsky sold 5,000 shares of the stock in a transaction on Thursday, June 4th. The shares were sold at an average price of C$63.28, for a total value of C$316,400.00. Following the transaction, the insider directly owned 12,356 shares of the company's stock, valued at C$781,887.68. This trade represents a 28.81% decrease in their position. Also, insider John Gregory Reid sold 28,935 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of C$58.62, for a total transaction of C$1,696,169.70. Following the completion of the transaction, the insider directly owned 306,147 shares in the company, valued at C$17,946,337.14. This trade represents a 8.64% decrease in their ownership of the stock. Insiders have sold a total of 63,735 shares of company stock worth $3,849,245 over the last 90 days. 0.85% of the stock is owned by corporate insiders.

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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