Russel Metals (TSE:RUS) Director Brian Robie Hedges Sells 10,000 Shares

Russel Metals Inc. (TSE:RUS) Director Brian Robie Hedges sold 10,000 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of C$63.25, for a total transaction of C$632,500.00.

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

• On Thursday, May 28th, Brian Robie Hedges sold 5,000 shares of Russel Metals stock. The shares were sold at an average price of C$62.10, for a total transaction of C$310,500.00.
• 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 shares were sold at an average price of C$57.00, for a total transaction of C$273,600.00.

Russel Metals Stock Performance

Shares of RUS stock opened at C$62.20 on Friday. The stock has a market cap of C$3.42 billion, a P/E ratio of 17.47, a P/E/G ratio of 0.59 and a beta of 1.16. The company has a debt-to-equity ratio of 29.50, a current ratio of 2.86 and a quick ratio of 1.44. The company has a fifty day moving average price of C$55.54 and a two-hundred day moving average price of C$49.36. Russel Metals Inc. has a one year low of C$39.09 and a one year high of C$64.26.

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

Russel Metals Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of Russel Metals from C$51.00 to C$56.00 in a research report on Wednesday, May 6th. TD increased their price objective on shares of Russel Metals from C$63.00 to C$68.00 and gave the company a “buy” rating in a research report on Monday, May 11th. TD Securities increased their price objective on shares of Russel Metals from C$50.00 to C$57.00 and gave the company a “buy” rating in a research report on Friday, February 13th. 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, Scotia increased their price objective 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. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$60.06.

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.