Insider Selling: Russel Metals (TSE:RUS) Director Sells 5,000 Shares of Stock

Russel Metals Inc. (TSE:RUS) Director Brian Robie Hedges sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of C$62.10, for a total transaction of C$310,500.00. Following the sale, the director owned 25,000 shares of the company’s stock, valued at C$1,552,500. This trade represents a 16.67% decrease in their ownership of the stock.

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.
• 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 transaction of C$273,600.00.

Russel Metals Stock Performance

RUS stock traded up C$0.83 during mid-day trading on Friday, hitting C$62.46. 171,726 shares of the company were exchanged, compared to its average volume of 218,656. The business has a 50 day simple moving average of C$52.52 and a 200-day simple moving average of C$47.76. 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 stock has a market capitalization of C$3.43 billion, a PE ratio of 17.54, a price-to-earnings-growth ratio of 0.59 and a beta of 0.95. Russel Metals Inc. has a 1-year low of C$39.09 and a 1-year high of C$62.51.

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 during 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. Shareholders of record on Monday, June 15th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, May 28th. This represents a $1.76 annualized dividend and a yield of 2.8%. Russel Metals’s dividend payout ratio (DPR) is 48.31%.

Wall Street Analysts Forecast Growth

RUS has been the subject of a number of analyst reports. Royal Bank Of Canada lifted their price target on shares of Russel Metals from C$55.00 to C$63.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Scotia lifted their price objective on shares of Russel Metals from C$54.00 to C$62.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 7th. Raymond James Financial lifted their price objective on shares of Russel Metals from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. BMO Capital Markets boosted their target price on shares of Russel Metals from C$51.00 to C$56.00 in a research note on Wednesday, May 6th. Finally, TD Securities boosted their target price 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 equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. 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.