Russel Metals (TSE:RUS) Director Sells C$155,250.00 in 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 stock was 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 owned 19,250 shares of the company’s stock, valued at approximately C$1,195,425. This represents a 11.49% decrease in their ownership of the stock.

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 stock was 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 opened at C$62.44 on Monday. The company has a market cap of C$3.43 billion, a PE ratio of 17.54, a P/E/G ratio of 0.59 and a beta of 0.95. The business has a fifty day moving average of C$52.82 and a 200 day moving average of C$47.92. Russel Metals Inc. has a 52-week low of C$39.09 and a 52-week high of C$62.56. 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 (TSE:RUS) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C$1.30 earnings per share (EPS) for the quarter. The company had revenue of C$1.42 billion during the quarter. Russel Metals had a return on equity of 12.22% and a net margin of 4.04%.

Russel Metals Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on RUS shares. Scotiabank raised their price target on 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 increased their target price 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. TD Securities increased their target price on 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. Raymond James Financial increased their target price on Russel Metals from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Finally, TD increased their target price 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. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Russel Metals has a consensus 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.