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 firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of C$60.19, for a total value of C$150,475.00. Following the completion of the transaction, the director directly owned 21,750 shares of the company’s stock, valued at C$1,309,132.50. The trade was a 10.31% decrease in their ownership of the stock.

Russel Metals Trading Up 1.6%

Shares of RUS stock opened at C$61.63 on Friday. The company has a debt-to-equity ratio of 29.50, a quick ratio of 1.44 and a current ratio of 2.86. Russel Metals Inc. has a 52-week low of C$39.09 and a 52-week high of C$62.30. The company has a market capitalization of C$3.38 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 0.59 and a beta of 0.95. The business’s fifty day moving average is C$52.52 and its 200 day moving average is C$47.76.

Russel Metals (TSE:RUS) last issued 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 return on equity of 12.22% and a net margin of 4.04%.The company had revenue of C$1.42 billion for the quarter.

Russel Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Thursday, May 28th. Russel Metals’s dividend payout ratio (DPR) is 48.31%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RUS. Stifel Nicolaus raised their price target 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 boosted their price objective on shares of Russel Metals from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. TD Securities boosted their price objective 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. BMO Capital Markets boosted their price objective on shares of Russel Metals from C$51.00 to C$56.00 in a report on Wednesday, May 6th. Finally, Scotiabank boosted their price objective on shares of Russel Metals from C$52.00 to C$54.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.