Russel Metals (TSE:RUS) Reaches New 1-Year High – Should You Buy?

Russel Metals Inc. (TSE:RUS) hit a new 52-week high on Wednesday . The stock traded as high as C$67.18 and last traded at C$66.54, with a volume of 158044 shares traded. The stock had previously closed at C$65.41.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. TD upped their price target on Russel Metals from C$63.00 to C$68.00 and gave the company a “buy” rating in a report on Monday, May 11th. BMO Capital Markets boosted their price objective on shares of Russel Metals from C$51.00 to C$56.00 in a research report on Wednesday, May 6th. National Bank Financial boosted their price objective on shares of Russel Metals from C$52.00 to C$57.00 and gave the stock a “sector perform” rating in a research report on Monday. Scotia upped 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 report on Thursday, May 7th. Finally, Royal Bank Of Canada increased their target price on shares of Russel Metals from C$63.00 to C$68.00 and gave the company an “outperform” rating in a research report on Tuesday, June 30th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$61.17.

Russel Metals Price Performance

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$3.65 billion, a PE ratio of 18.69, a P/E/G ratio of 0.59 and a beta of 1.21. The company has a fifty day moving average price of C$61.05 and a two-hundred day moving average price of C$52.62.

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

Russel Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, May 28th. Russel Metals’s dividend payout ratio is presently 48.31%.

Insider Transactions at Russel Metals

In other news, Director Brian Robie Hedges sold 10,000 shares of Russel Metals stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of C$63.25, for a total value of C$632,500.00. Also, insider John Gregory Reid sold 28,935 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of C$58.62, for a total transaction of C$1,696,169.70. Following the completion of the sale, the insider owned 306,147 shares of the company’s stock, valued at approximately C$17,946,337.14. This trade represents a 8.64% decrease in their position. Insiders sold a total of 73,935 shares of company stock valued at $4,430,667 over the last ninety days. 0.85% of the stock is owned by insiders.

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.