Brian Robie Hedges Sells 10,000 Shares of Russel Metals (TSE:RUS) Stock

Russel Metals Inc. (TSE:RUS) Director Brian Robie Hedges sold 10,000 shares of Russel Metals stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of C$63.25, for a total value of C$632,500.00.

Brian Robie Hedges also recently made the following trade(s):

• On Thursday, May 28th, Brian Robie Hedges sold 5,000 shares of Russel Metals stock. The stock was sold at an average price of C$62.10, for a total value of C$310,500.00.
• 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 value 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 value of C$11,422.00.
• On Monday, May 11th, Brian Robie Hedges sold 4,800 shares of Russel Metals stock. The stock was sold at an average price of C$57.00, for a total value of C$273,600.00.

Russel Metals Stock Down 0.4%

TSE RUS opened at C$61.97 on Friday. Russel Metals Inc. has a 52 week low of C$39.09 and a 52 week high of C$64.26. The company has a quick ratio of 1.44, a current ratio of 2.86 and a debt-to-equity ratio of 29.50. The business’s fifty day simple moving average is C$55.82 and its 200-day simple moving average is C$49.45. The firm has a market cap of C$3.40 billion, a PE ratio of 17.41, a P/E/G ratio of 0.59 and a beta of 1.16.

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. The firm had revenue of C$1.42 billion for the quarter. Russel Metals had a net margin of 4.04% and a return on equity of 12.22%.

Russel Metals Dividend Announcement

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

Analyst Ratings Changes

RUS has been the topic of a number of recent research reports. Scotiabank boosted their price target on shares of Russel Metals from C$52.00 to C$54.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Stifel Nicolaus boosted their price target on shares of Russel Metals from C$49.00 to C$58.50 and gave the stock a “hold” rating in a research note on Thursday, May 7th. Scotia boosted their price target 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. Raymond James Financial boosted their price target on shares of Russel Metals from C$65.00 to C$70.00 in a research note on Friday, June 5th. Finally, TD Securities boosted 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 research note on Friday, February 13th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$60.06.

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.