Russel Metals (TSE:RUS) Director James Francis Dinning Sells 2,500 Shares

Russel Metals Inc. (TSE:RUS) Director James Francis Dinning sold 2,500 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of C$60.19, for a total value of C$150,475.00. Following the sale, the director directly owned 21,750 shares of the company’s stock, valued at approximately C$1,309,132.50. This trade represents a 10.31% decrease in their position.

Russel Metals Price Performance

RUS stock opened at C$60.64 on Thursday. The stock has a 50-day moving average price of C$52.24 and a two-hundred day moving average price of C$47.60. Russel Metals Inc. has a 12-month low of C$39.09 and a 12-month high of C$61.17. 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 company has a market cap of C$3.33 billion, a PE ratio of 17.03, a price-to-earnings-growth ratio of 0.59 and a beta of 0.95.

Russel Metals (TSE:RUS) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C$1.30 earnings per share (EPS) for the quarter. Russel Metals had a return on equity of 12.22% and a net margin of 4.04%.The firm had revenue of C$1.42 billion during the quarter.

Russel Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 15th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, May 28th. Russel Metals’s payout ratio is 48.31%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on RUS shares. Raymond James Financial boosted their price target on Russel Metals from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Royal Bank Of Canada boosted their price target on Russel Metals from C$55.00 to C$63.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Stifel Nicolaus upped their target price on Russel Metals from C$49.00 to C$58.50 and gave the stock a “hold” rating in a research report on Thursday, May 7th. Scotiabank upped their target price on Russel Metals from C$52.00 to C$54.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Finally, National Bank Financial upped their target price on Russel Metals from C$51.00 to C$52.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$59.50.

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.