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

Russel Metals Inc. (TSE:RUS) Director James Francis Dinning sold 2,500 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of C$62.10, for a total value of C$155,250.00. Following the completion of the transaction, the director directly owned 19,250 shares of the company’s stock, valued at approximately C$1,195,425. The trade was a 11.49% decrease in their ownership of the stock.

James Francis Dinning also recently made the following trade(s):

• On Tuesday, May 26th, James Francis Dinning sold 2,500 shares of Russel Metals stock. The stock was sold at an average price of C$60.19, for a total value of C$150,475.00.

Russel Metals Stock Up 1.3%

Shares of RUS stock traded up C$0.83 on Friday, hitting C$62.46. 171,726 shares of the stock were exchanged, 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. The firm has a market capitalization of C$3.43 billion, a P/E ratio of 17.54, a price-to-earnings-growth ratio of 0.59 and a beta of 0.95. The business has a 50-day moving average of C$52.52 and a 200 day moving average of C$47.76. Russel Metals Inc. has a fifty-two week low of C$39.09 and a fifty-two week high of C$62.51.

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

Russel Metals Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Scotia upped their target price on 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. TD Securities upped their target price on 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. Stifel Nicolaus upped their target price on 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. Raymond James Financial upped their target price 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. Finally, National Bank Financial upped their target price on 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. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock 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.