Russel Metals (TSE:RUS) Director Sells C$150,475.00 in Stock

Russel Metals Inc. (TSE:RUS) Director James Francis Dinning sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of C$60.19, for a total transaction of C$150,475.00. Following the sale, the director owned 21,750 shares in the company, valued at C$1,309,132.50. This trade represents a 10.31% decrease in their ownership of the stock.

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

• On Friday, May 29th, James Francis Dinning sold 2,500 shares of Russel Metals stock. The stock was sold at an average price of C$62.10, for a total transaction of C$155,250.00.

Russel Metals Price Performance

TSE RUS opened at C$62.44 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.86 and a debt-to-equity ratio of 29.50. Russel Metals Inc. has a 12-month low of C$39.09 and a 12-month high of C$62.56. The company 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. The firm’s 50 day moving average is C$52.82 and its 200-day moving average is C$47.86.

Russel Metals (TSE:RUS) last posted 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 net margin of 4.04% and a return on equity of 12.22%. 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. Stockholders of record on Monday, June 15th will be issued a $0.44 dividend. The ex-dividend date is Thursday, May 28th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.8%. Russel Metals’s dividend payout ratio (DPR) is 48.31%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on RUS shares. 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 report on Thursday, May 7th. National Bank Financial boosted 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 report on Thursday, May 7th. Scotiabank boosted 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 report on Friday, February 13th. BMO Capital Markets boosted their target price on shares of Russel Metals from C$51.00 to C$56.00 in a report on Wednesday, May 6th. Finally, Stifel Nicolaus boosted their target price on shares of Russel Metals from C$49.00 to C$58.50 and gave the stock a “hold” rating in a report on Thursday, May 7th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Russel Metals currently has an average rating of “Moderate Buy” and an average target price 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.