Russel Metals Inc. (TSE:RUS - Get Free Report) Director Brian Robie Hedges sold 10,000 shares of the firm's stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of C$63.25, for a total transaction of C$632,500.00.
Brian Robie Hedges also recently made the following trade(s):
- On Thursday, May 28th, Brian Robie Hedges sold 5,000 shares of Russel Metals stock. The shares were sold at an average price of C$62.10, for a total transaction of C$310,500.00.
- 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 shares were 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 shares were sold at an average price of C$57.00, for a total transaction of C$273,600.00.
Russel Metals Price Performance
RUS stock opened at C$62.20 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.86 and a debt-to-equity ratio of 29.50. Russel Metals Inc. has a 12 month low of C$39.09 and a 12 month high of C$64.26. The firm has a market cap of C$3.42 billion, a P/E ratio of 17.47, a P/E/G ratio of 0.59 and a beta of 1.16. The company's 50-day moving average price is C$55.54 and its two-hundred day moving average price is C$49.36.
Russel Metals (TSE:RUS - Get Free Report) last released 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 firm had revenue of C$1.42 billion for the quarter.
Russel Metals Announces Dividend
The business also recently declared 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. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Thursday, May 28th. Russel Metals's dividend payout ratio (DPR) is presently 48.31%.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the stock. Scotia raised 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 research note on Thursday, May 7th. Scotiabank raised 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 research note on Friday, February 13th. TD raised 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 research note on Monday, May 11th. Raymond James Financial raised their price target on shares of Russel Metals from C$65.00 to C$70.00 in a research note on Friday, June 5th. Finally, BMO Capital Markets raised their price target on shares of Russel Metals from C$51.00 to C$56.00 in a research note on Wednesday, May 6th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Russel Metals currently has an average rating of "Moderate Buy" and a consensus target price of C$60.06.
View Our Latest Stock 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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