James Francis Dinning Sells 2,500 Shares of Russel Metals (TSE:RUS) Stock

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

Russel Metals Stock Performance

Shares of RUS stock traded up C$0.50 during trading on Wednesday, reaching C$60.73. The company had a trading volume of 108,413 shares, compared to its average volume of 217,675. Russel Metals Inc. has a one year low of C$39.09 and a one year high of C$61.17. The company has a market capitalization of C$3.33 billion, a PE ratio of 17.06, a PEG ratio of 0.59 and a beta of 0.95. The firm’s 50 day simple moving average is C$51.97 and its two-hundred day simple moving average is C$47.46. The company has a debt-to-equity ratio of 29.50, a current ratio of 2.86 and a quick ratio of 1.44.

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 return on equity of 12.22% and a net margin of 4.04%.

Russel Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be paid a $0.44 dividend. The ex-dividend date is Thursday, May 28th. This represents a $1.76 annualized dividend and a dividend yield of 2.9%. Russel Metals’s dividend payout ratio (DPR) is presently 48.31%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus raised 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 research note on Thursday, May 7th. Scotiabank boosted their price target on shares of Russel Metals from C$52.00 to C$54.00 and gave the company an “outperform” rating in a report on Friday, February 13th. TD boosted their price target on shares of Russel Metals from C$63.00 to C$68.00 and gave the company a “buy” rating in a report on Monday, May 11th. BMO Capital Markets boosted their price target on shares of Russel Metals from C$51.00 to C$56.00 in a report on Wednesday, May 6th. Finally, Scotia boosted their price target on shares of Russel Metals from C$54.00 to C$62.00 and gave the company a “sector outperform” rating in a report on Thursday, May 7th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.