Insider Selling: Russel Metals (TSE:RUS) Director Sells 2,500 Shares of Stock

Russel Metals Inc. (TSE:RUS) Director James Francis Dinning sold 2,500 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of C$62.10, for a total value of C$155,250.00. Following the completion of the sale, the director directly owned 19,250 shares in the company, valued at approximately C$1,195,425. This represents a 11.49% decrease in their position.

James Francis Dinning also recently made the following trade(s):

• On Tuesday, May 26th, James Francis Dinning sold 2,500 shares of Russel Metals stock. The shares were sold at an average price of C$60.19, for a total value of C$150,475.00.

Russel Metals Price Performance

Shares of RUS traded up C$0.83 during trading hours on Friday, reaching C$62.46. The stock had a trading volume of 171,726 shares, compared to its average volume of 218,656. Russel Metals Inc. has a 12 month low of C$39.09 and a 12 month high of C$62.51. The stock has a market capitalization of C$3.43 billion, a PE ratio of 17.54, a PEG ratio of 0.59 and a beta of 0.95. The company has a debt-to-equity ratio of 29.50, a quick ratio of 1.44 and a current ratio of 2.86. The company’s 50-day moving average is C$52.52 and its two-hundred day moving average is C$47.76.

Russel Metals (TSE:RUS) last announced its earnings results 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 business had revenue of C$1.42 billion during the quarter.

Russel Metals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be paid a $0.44 dividend. The ex-dividend date is Thursday, May 28th. This represents a $1.76 annualized dividend and a dividend yield of 2.8%. Russel Metals’s dividend payout ratio (DPR) is currently 48.31%.

Analyst Ratings Changes

A number of research firms have issued reports on RUS. TD lifted their price target on Russel Metals from C$63.00 to C$68.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Scotiabank lifted their target price on shares of Russel Metals from C$52.00 to C$54.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. National Bank Financial lifted their target price on shares of Russel Metals from C$51.00 to C$52.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. 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 report on Thursday, May 7th. Finally, BMO Capital Markets lifted their price target on shares of Russel Metals from C$51.00 to C$56.00 in a report on Wednesday, May 6th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Russel Metals currently has a consensus rating of “Moderate Buy” and an average price target 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.