Insider Selling: Russel Metals (TSE:RUS) Director Sells 5,000 Shares of Stock

Russel Metals Inc. (TSE:RUS) Director Brian Robie Hedges sold 5,000 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of C$62.10, for a total transaction of C$310,500.00. Following the completion of the transaction, the director owned 25,000 shares in the company, valued at approximately C$1,552,500. The trade was a 16.67% decrease in their position.

Brian Robie Hedges also recently made the following trade(s):

• On Friday, May 8th, Brian Robie Hedges sold 10,000 shares of Russel Metals stock. The shares were sold at an average price of C$57.00, for a total transaction of C$570,000.00.
• On Friday, May 8th, Brian Robie Hedges sold 200 shares of Russel Metals stock. The shares were sold at an average price of C$57.11, for a total transaction of C$11,422.00.
• On Monday, May 11th, Brian Robie Hedges sold 4,800 shares of Russel Metals stock. The stock was sold at an average price of C$57.00, for a total transaction of C$273,600.00.

Russel Metals Stock Up 1.3%

Shares of RUS traded up C$0.83 on Friday, reaching C$62.46. The company’s stock had a trading volume of 171,726 shares, compared to its average volume of 218,656. The company has a current ratio of 2.86, a quick ratio of 1.44 and a debt-to-equity ratio of 29.50. Russel Metals Inc. has a twelve month low of C$39.09 and a twelve month high of C$62.51. The stock has a market capitalization of C$3.43 billion, a PE ratio of 17.54, a PEG ratio of 0.59 and a beta of 0.95. The firm has a fifty day moving average of C$52.52 and a 200-day moving average of C$47.76.

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

Russel Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 15th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, May 28th. Russel Metals’s dividend payout ratio is presently 48.31%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. National Bank Financial increased their target price on shares of Russel Metals from C$51.00 to C$52.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Scotia increased their target price on shares of Russel Metals from C$54.00 to C$62.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 7th. Royal Bank Of Canada increased their target price on shares of 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 increased their target price 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, TD Securities raised their price objective on shares of Russel Metals from C$50.00 to C$57.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Russel Metals presently has a consensus rating of “Moderate Buy” and an average price target 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.