Key Points
- Director Brian Robie Hedges sold 4,800 shares of Russel Metals on May 11 for about C$273,600 at C$57.00 per share, reducing his holdings by 32.43% to 10,000 shares.
- Hedges also made additional sales earlier in the week, including 10,000 shares for C$570,000 and 200 shares for C$11,422, all around the same C$57 price level.
- Russel Metals reported solid fundamentals and shareholder returns, posting C$1.30 EPS for the quarter and announcing a quarterly dividend of C$0.44 per share, equal to a 3.1% annualized yield.
Russel Metals Inc. (TSE:RUS - Get Free Report) Director Brian Robie Hedges sold 4,800 shares of Russel Metals 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 sale, the director directly owned 10,000 shares in the company, valued at approximately C$570,000. This trade represents 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 shares were 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 RUS stock opened at C$57.54 on Wednesday. The company has a debt-to-equity ratio of 29.50, a current ratio of 2.86 and a quick ratio of 1.44. The firm's 50-day moving average is C$49.66 and its two-hundred day moving average is C$46.31. Russel Metals Inc. has a 12 month low of C$39.09 and a 12 month high of C$58.69. The company has a market capitalization of C$3.16 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 0.59 and a beta of 0.95.
Russel Metals (TSE:RUS - Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported C$1.30 EPS for the quarter. Russel Metals had a net margin of 4.04% and a return on equity of 12.22%. The company had revenue of C$1.42 billion for the quarter.
Russel Metals Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.76 dividend on an annualized basis and a yield of 3.1%. Russel Metals's payout ratio is 48.31%.
Analyst Ratings Changes
A number of brokerages have commented on RUS. Scotia lifted their target price on shares of Russel Metals from C$54.00 to C$62.00 and gave the stock a "sector outperform" rating in a research note on Thursday, May 7th. Royal Bank Of Canada lifted their target price on shares of 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. BMO Capital Markets upped their target price on shares of Russel Metals from C$51.00 to C$56.00 in a research report on Wednesday, May 6th. TD Securities upped their target price on shares of Russel Metals from C$50.00 to C$57.00 and gave the company a "buy" rating in a research report on Friday, February 13th. Finally, TD upped their target price on shares of Russel Metals from C$63.00 to C$68.00 and gave the company a "buy" rating in a research report on Monday. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Russel Metals currently has an average rating of "Moderate Buy" and an average price target of C$59.50.
Get Our Latest Analysis on Russel Metals
Russel Metals Company Profile
(
Get Free Report)
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.
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