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 firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of C$57.00, for a total transaction of C$273,600.00. Following the transaction, the director directly owned 10,000 shares of the company’s stock, 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 stock was 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 stock was sold at an average price of C$57.11, for a total transaction of C$11,422.00.

Russel Metals Price Performance

Shares of TSE RUS opened at C$58.63 on Friday. Russel Metals Inc. has a twelve month low of C$39.09 and a twelve month high of C$59.15. The firm has a fifty day simple moving average of C$50.05 and a 200 day simple moving average of C$46.54. The company has a market capitalization of C$3.22 billion, a PE ratio of 16.47, a P/E/G 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 announced its earnings results on Tuesday, May 5th. The company reported C$1.30 earnings per share for the quarter. Russel Metals had a net margin of 4.04% and a return on equity of 12.22%. The business had revenue of C$1.42 billion during the quarter.

Russel Metals Announces Dividend

The company also recently announced 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 yield of 3.0%. The ex-dividend date of this dividend is Thursday, May 28th. Russel Metals’s dividend payout ratio (DPR) is currently 48.31%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RUS. Raymond James Financial lifted their target price on shares of Russel Metals from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Royal Bank Of Canada lifted their target price on shares of 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. TD lifted their target price on shares of Russel Metals from C$63.00 to C$68.00 and gave the stock a “buy” rating in a research note on Monday. Scotia lifted their target price on shares of Russel Metals from C$54.00 to C$62.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 7th. Finally, TD Securities raised their price target on shares of Russel Metals from C$50.00 to C$57.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.