Key Points
- Insider activity was mixed: Director Brian Robie Hedges sold 25,000 Russel Metals shares for approximately C$2.04 million, then bought 1,000 shares two days later for about C$80,480, resulting in a net reduction in holdings.
- Russel Metals shares were trading near a 52-week high: The stock opened at C$80.50, compared with a 52-week range of C$39.09 to C$83.12. The company recently reported quarterly EPS of C$1.63 on C$1.66 billion in revenue and maintains a 2.2% dividend yield.
- Analyst sentiment was generally positive but uneven: TD Securities and Scotiabank raised their price targets to C$94 and C$89, respectively, while Raymond James downgraded the stock to Hold; the consensus target was C$76.89.
Russel Metals Inc. (TSE:RUS - Get Free Report) Director Brian Robie Hedges purchased 1,000 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average price of C$80.48 per share, for a total transaction of C$80,480.00. Following the purchase, the director owned 1,000 shares of the company's stock, valued at approximately C$80,480. This represents a ∞ increase in their position.
Brian Robie Hedges also recently made the following trade(s):
- On Tuesday, August 11th, Brian Robie Hedges sold 25,000 shares of Russel Metals stock. The shares were sold at an average price of C$81.54, for a total transaction of C$2,038,500.00.
- On Tuesday, June 9th, Brian Robie Hedges sold 10,000 shares of Russel Metals stock. The stock was sold at an average price of C$63.25, for a total value of C$632,500.00.
- 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 value of C$310,500.00.
Russel Metals Trading Up 1.0%
Russel Metals stock opened at C$80.50 on Friday. The company has a debt-to-equity ratio of 27.88, a quick ratio of 1.44 and a current ratio of 2.61. Russel Metals Inc. has a 1 year low of C$39.09 and a 1 year high of C$83.12. The firm's 50-day moving average is C$66.33 and its 200-day moving average is C$56.60. The company has a market cap of C$4.42 billion, a P/E ratio of 20.54, a PEG ratio of 0.59 and a beta of 1.21.
Russel Metals (TSE:RUS - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$1.63 earnings per share for the quarter. The business had revenue of C$1.66 billion for the quarter. Russel Metals had a return on equity of 13.09% and a net margin of 4.04%.
Russel Metals Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were paid a $0.44 dividend. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $1.76 dividend on an annualized basis and a yield of 2.2%. Russel Metals's dividend payout ratio (DPR) is currently 44.13%.
Trending Headlines about Russel Metals
Here are the key news stories impacting Russel Metals this week:
- Positive Sentiment: Analyst support: TD Securities, Stifel Nicolaus and RBC each reported expectations for further price appreciation in Russel Metals, reinforcing the recent bullish sentiment. TD analyst expects Russel Metals stock to rise Stifel Nicolaus expects Russel Metals stock to rise RBC forecasts strong price appreciation for Russel Metals
- Positive Sentiment: Higher Scotiabank target: Scotiabank raised its price target to C$89.00, implying additional upside from the stock’s recent trading level and providing a significant near-term catalyst. Scotiabank raises Russel Metals price target
- Neutral Sentiment: Insider transactions were mixed: Director Brian Robie Hedges bought 1,000 shares for approximately C$80,480 on August 13, but this followed the sale of 25,000 shares for approximately C$2.04 million on August 11. The net reduction in his holdings is a cautionary signal, although the new purchase may indicate some continued confidence. Russel Metals insider transactions
- Negative Sentiment: Valuation and consensus risk: The reported analyst consensus target of C$61.17 is well below the recent share price, suggesting that some analysts view the stock as fully valued or vulnerable to a pullback. Raymond James also downgraded Russel Metals to Hold, tempering the impact of the more bullish forecasts. Russel Metals consensus price target Raymond James downgrades Russel Metals to Hold
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on RUS. BMO Capital Markets raised their price target on Russel Metals from C$51.00 to C$56.00 in a research note on Wednesday, May 6th. Scotia boosted 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 note on Thursday, May 7th. Raymond James Financial lowered Russel Metals from a "moderate buy" rating to a "hold" rating and raised their target price for the company from C$70.00 to C$82.00 in a report on Monday. TD raised their price target on shares of Russel Metals from C$68.00 to C$94.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Stifel Nicolaus raised their price objective on Russel Metals from C$64.00 to C$85.00 and gave the stock a "hold" rating in a research report on Monday. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$76.89.
View Our Latest Report on RUS
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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