Russel Metals (TSE:RUS) Director Sells C$273,600.00 in Stock

Russel Metals Inc. (TSE:RUS) Director Brian Robie Hedges sold 4,800 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of C$57.00, for a total value of C$273,600.00. Following the completion of the transaction, the director owned 10,000 shares in the company, valued at C$570,000. The trade was a 32.43% 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 value 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.

Russel Metals Stock Performance

Russel Metals stock traded up C$0.44 during trading on Tuesday, hitting C$57.65. The stock had a trading volume of 192,469 shares, compared to its average volume of 212,177. The stock’s 50 day moving average is C$49.47 and its two-hundred day moving average is C$46.20. Russel Metals Inc. has a 1 year low of C$39.09 and a 1 year high of C$58.69. The stock has a market cap of C$3.17 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 0.59 and a beta of 0.95. The company has a quick ratio of 1.44, a current ratio of 2.86 and a debt-to-equity ratio of 29.50.

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

Russel Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Thursday, May 28th. Russel Metals’s payout ratio is presently 48.31%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Scotia raised their price target on Russel Metals from C$54.00 to C$62.00 and gave the company a “sector outperform” rating in a report on Thursday, May 7th. Scotiabank raised their price objective on Russel Metals from C$52.00 to C$54.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Royal Bank Of Canada raised their target price on Russel Metals from C$55.00 to C$63.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Raymond James Financial lifted their price objective on Russel Metals from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Finally, Stifel Nicolaus upped their target price on shares of 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. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$59.50.

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.