Insider Selling: Russel Metals (TSE:RUS) Director Sells 4,800 Shares of Stock

Russel Metals Inc. (TSE:RUS) Director Brian Robie Hedges sold 4,800 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of C$57.00, for a total transaction of C$273,600.00. Following the sale, the director directly owned 10,000 shares in the company, valued at approximately 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 value of C$11,422.00.

Russel Metals Price Performance

RUS stock traded up C$0.44 during midday trading on Tuesday, reaching C$57.65. 192,469 shares of the stock were exchanged, compared to its average volume of 212,177. The stock has a market capitalization of C$3.17 billion, a PE ratio of 16.19, a P/E/G ratio of 0.59 and a beta of 0.95. Russel Metals Inc. has a 52 week low of C$39.09 and a 52 week high of C$58.69. The company has a debt-to-equity ratio of 29.50, a current ratio of 2.86 and a quick ratio of 1.44. The company has a fifty day moving average price of C$49.47 and a 200 day moving average price of C$46.20.

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

Russel Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 15th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.1%. The ex-dividend date is Thursday, May 28th. Russel Metals’s dividend payout ratio is 48.31%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on RUS. 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 report on Friday, February 13th. TD upped 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 note on Monday. National Bank Financial boosted their target price 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. Raymond James Financial upped their price target on shares of 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, BMO Capital Markets increased their price target on Russel Metals from C$51.00 to C$56.00 in a report on Wednesday, May 6th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Russel Metals currently has a consensus rating of “Moderate Buy” and an average 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.