Russel Metals (TSE:RUS) Director Brian Robie Hedges Sells 4,800 Shares

Russel Metals Inc. (TSE:RUS) Director Brian Robie Hedges sold 4,800 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of C$57.00, for a total transaction of C$273,600.00. Following the completion of the sale, the director directly owned 10,000 shares of the company’s stock, valued at approximately C$570,000. The trade was a 32.43% decrease in their position.

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.

Russel Metals Price Performance

Shares of TSE RUS opened at C$57.54 on Wednesday. The firm has a market cap of C$3.16 billion, a PE ratio of 16.16, a PEG ratio of 0.59 and a beta of 0.95. The firm has a fifty day moving average of C$49.66 and a 200 day moving average of C$46.31. The company has a debt-to-equity ratio of 29.50, a quick ratio of 1.44 and a current ratio of 2.86. Russel Metals Inc. has a one year low of C$39.09 and a one year high of C$58.69.

Russel Metals (TSE:RUS) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C$1.30 EPS for the quarter. The company 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 declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Thursday, May 28th. Russel Metals’s payout ratio is presently 48.31%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on RUS shares. Royal Bank Of Canada boosted their price target on shares of Russel Metals from C$55.00 to C$63.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. TD lifted their target price on shares of Russel Metals from C$63.00 to C$68.00 and gave the stock a “buy” rating in a research note on Monday. Raymond James Financial lifted their target price on shares of 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. TD Securities lifted 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. Finally, Stifel Nicolaus lifted 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 research note on Thursday, May 7th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, 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.