Key Points
- Director James Francis Dinning sold 2,500 shares of Russel Metals on May 29 at C$62.10 each, worth about C$155,250. The sale reduced his holdings by 11.49%, leaving him with 19,250 shares.
- Russel Metals shares were up 1.3% and opened at C$62.44, near their 52-week high of C$62.56. The stock has also traded well above its 50-day and 200-day moving averages.
- The company recently reported C$1.30 EPS on revenue of C$1.42 billion and declared a quarterly dividend of C$0.44 per share. Analysts remain broadly positive, with seven Buy ratings and an average target price of C$59.50.
Russel Metals Inc. (TSE:RUS - Get Free Report) Director James Francis Dinning sold 2,500 shares of the business's stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of C$62.10, for a total transaction of C$155,250.00. Following the completion of the sale, the director owned 19,250 shares in the company, valued at C$1,195,425. The trade was a 11.49% decrease in their ownership of the stock.
James Francis Dinning also recently made the following trade(s):
- On Tuesday, May 26th, James Francis Dinning sold 2,500 shares of Russel Metals stock. The stock was sold at an average price of C$60.19, for a total transaction of C$150,475.00.
Russel Metals Stock Up 1.3%
TSE RUS opened at C$62.44 on Friday. 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 company's 50 day simple moving average is C$52.82 and its 200 day simple moving average is C$47.86. Russel Metals Inc. has a 12 month low of C$39.09 and a 12 month high of C$62.56. The company has a market capitalization of C$3.43 billion, a P/E ratio of 17.54, a PEG ratio of 0.59 and a beta of 0.95.
Russel Metals (TSE:RUS - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported C$1.30 earnings per share (EPS) 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 Dividend Announcement
The company also recently declared 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. The ex-dividend date is Thursday, May 28th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.8%. Russel Metals's payout ratio is currently 48.31%.
Analyst Upgrades and Downgrades
RUS has been the topic of a number of recent analyst reports. 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. 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. 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. Royal Bank Of Canada boosted their price target on shares of Russel Metals from C$55.00 to C$63.00 and gave the company an "outperform" rating in a report on Thursday, May 7th. Finally, TD Securities boosted 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 report on Friday, February 13th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$59.50.
Get Our Latest Report on Russel Metals
About Russel Metals
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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.
Further Reading
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