Insider Selling: Russel Metals (TSE:RUS) Director Sells C$310,500.00 in Stock

Russel Metals Inc. (TSE:RUS) Director Brian Robie Hedges sold 5,000 shares of Russel Metals stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of C$62.10, for a total value of C$310,500.00. Following the sale, the director directly owned 25,000 shares in the company, valued at C$1,552,500. The trade was 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 shares were 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 shares were 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 shares were sold at an average price of C$57.00, for a total value of C$273,600.00.

Russel Metals Stock Performance

Shares of RUS stock opened at C$62.44 on Monday. The business’s 50-day moving average price is C$52.82 and its 200-day moving average price is C$47.92. Russel Metals Inc. has a 12 month low of C$39.09 and a 12 month high of C$62.56. The firm has a market capitalization of C$3.43 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 0.59 and a beta of 0.95. The company has a current ratio of 2.86, a quick ratio of 1.44 and a debt-to-equity ratio of 29.50.

Russel Metals (TSE:RUS) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$1.30 EPS for the quarter. Russel Metals had a return on equity of 12.22% and a net margin of 4.04%.The firm had revenue of C$1.42 billion for the quarter.

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 paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, May 28th. Russel Metals’s payout ratio is currently 48.31%.

Analyst Ratings Changes

RUS has been the topic of a number of recent analyst reports. Royal Bank Of Canada lifted their price objective on Russel Metals from C$55.00 to C$63.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Stifel Nicolaus lifted their price objective on 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. BMO Capital Markets lifted their price objective on Russel Metals from C$51.00 to C$56.00 in a research note on Wednesday, May 6th. TD lifted their price objective on Russel Metals from C$63.00 to C$68.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Finally, National Bank Financial lifted their price objective on Russel Metals from C$51.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.