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 Friday, May 8th. The shares were sold at an average price of C$57.00, for a total value of C$570,000.00. Following the sale, the director directly owned 30,000 shares in the company, valued at C$1,710,000. This trade represents a 25.00% decrease in their ownership of the stock.

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

• On Friday, May 8th, Brian Robie Hedges sold 200 shares of Russel Metals stock. The stock was sold at an average price of C$57.11, for a total value 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 Performance

RUS stock traded up C$0.44 during trading on Tuesday, reaching C$57.65. The stock had a trading volume of 192,469 shares, compared to its average volume of 212,177. The firm has a market cap of C$3.17 billion, a PE ratio of 16.19, a PEG ratio of 0.59 and a beta of 0.95. 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 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 52 week low of C$39.09 and a 52 week high of C$58.69.

Russel Metals (TSE:RUS) last posted its quarterly earnings data on Tuesday, May 5th. The company reported C$1.30 earnings per share (EPS) 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 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. The ex-dividend date is Thursday, May 28th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.1%. Russel Metals’s payout ratio is 48.31%.

Analysts Set New Price Targets

RUS has been the topic of several research analyst reports. Raymond James Financial boosted their price objective 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. National Bank Financial increased their price objective on shares of Russel Metals from C$51.00 to C$52.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. TD lifted 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. Scotia raised 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 note on Thursday, May 7th. Finally, BMO Capital Markets increased their price objective on shares of Russel Metals from C$51.00 to C$56.00 in a report on Wednesday, May 6th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus 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.