Brian Robie Hedges Sells 5,000 Shares of Russel Metals (TSE:RUS) Stock

Russel Metals Inc. (TSE:RUS) Director Brian Robie Hedges sold 5,000 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of C$62.10, for a total transaction of C$310,500.00. Following the completion of the transaction, the director directly owned 25,000 shares in the company, valued at C$1,552,500. This trade represents 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 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.
• On Monday, May 11th, Brian Robie Hedges sold 4,800 shares of Russel Metals stock. The stock was sold at an average price of C$57.00, for a total transaction of C$273,600.00.

Russel Metals Trading Up 1.3%

TSE RUS opened at C$62.44 on Friday. Russel Metals Inc. has a 1-year low of C$39.09 and a 1-year high of C$62.56. The company has a current ratio of 2.86, a quick ratio of 1.44 and a debt-to-equity ratio of 29.50. 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 fifty day simple moving average is C$52.82 and its 200-day simple moving average is C$47.86.

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

Russel Metals Announces Dividend

The firm also recently disclosed 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. 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 is currently 48.31%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus upped their price objective 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. TD upped their price objective on shares of Russel Metals from C$63.00 to C$68.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Royal Bank Of Canada upped their price objective 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. National Bank Financial upped their price objective 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. Finally, BMO Capital Markets upped their price objective on shares of Russel Metals from C$51.00 to C$56.00 in a report on Wednesday, May 6th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus 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.