Key Points
- Insider sale: Russel Metals insider John Gregory Reid sold 28,935 shares on May 20 for about C$1.70 million, reducing his holdings by 8.64%.
- Recent company results and dividend: The company recently reported C$1.30 EPS on C$1.42 billion in revenue and announced a quarterly dividend of C$0.44 per share, implying a 3.0% yield.
- Analyst sentiment: Brokerages remain generally positive, with seven Buy ratings and one Hold; the consensus price target is C$59.50, slightly above the stock’s recent trading level.
Russel Metals Inc. (TSE:RUS - Get Free Report) insider John Gregory Reid sold 28,935 shares of the firm's stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of C$58.62, for a total value of C$1,696,169.70. Following the completion of the transaction, the insider owned 306,147 shares of the company's stock, valued at approximately C$17,946,337.14. The trade was a 8.64% decrease in their ownership of the stock.
Russel Metals Stock Performance
Shares of TSE RUS opened at C$58.23 on Friday. 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 50 day simple moving average of C$51.15 and a two-hundred day simple moving average of C$47.08. Russel Metals Inc. has a 12 month low of C$39.09 and a 12 month high of C$59.15. The stock has a market cap of C$3.20 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 0.59 and a beta of 0.95.
Russel Metals (TSE:RUS - Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported C$1.30 earnings per share for the quarter. Russel Metals had a return on equity of 12.22% and a net margin of 4.04%.The business had revenue of C$1.42 billion during the quarter.
Russel Metals Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, May 28th. Russel Metals's payout ratio is 48.31%.
Analyst Ratings Changes
A number of brokerages have weighed in on RUS. Scotia upped their price objective on shares of Russel Metals from C$54.00 to C$62.00 and gave the stock a "sector outperform" rating in a research report on Thursday, May 7th. Stifel Nicolaus increased their price target on Russel Metals from C$49.00 to C$58.50 and gave the stock a "hold" rating in a research report on Thursday, May 7th. TD Securities lifted their price target on shares of Russel Metals from C$50.00 to C$57.00 and gave the company a "buy" rating in a research note 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 stock a "buy" rating in a report on Monday, May 11th. Finally, Scotiabank upped their price objective on shares of 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. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Russel Metals currently has an average rating of "Moderate Buy" and a consensus price target of C$59.50.
Check Out Our Latest Research Report on RUS
About Russel Metals
(
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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