Russel Metals (TSE:RUS) Director Sells C$150,475.00 in Stock

Russel Metals Inc. (TSE:RUS) Director James Francis Dinning sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of C$60.19, for a total transaction of C$150,475.00. Following the transaction, the director owned 21,750 shares of the company’s stock, valued at approximately C$1,309,132.50. This trade represents a 10.31% decrease in their position.

Russel Metals Price Performance

Shares of TSE:RUS traded up C$0.50 during trading hours on Wednesday, hitting C$60.73. 108,413 shares of the company’s stock traded hands, compared to its average volume of 217,675. Russel Metals Inc. has a 52 week low of C$39.09 and a 52 week high of C$61.17. The company has a debt-to-equity ratio of 29.50, a quick ratio of 1.44 and a current ratio of 2.86. The company’s fifty day simple moving average is C$51.97 and its two-hundred day simple moving average is C$47.46. The company has a market cap of C$3.33 billion, a price-to-earnings ratio of 17.06, a price-to-earnings-growth ratio of 0.59 and a beta of 0.95.

Russel Metals (TSE:RUS) last posted its quarterly earnings data on Tuesday, May 5th. The company reported C$1.30 earnings per share 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 during the quarter.

Russel Metals Dividend Announcement

The company also recently disclosed 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 2.9%. Russel Metals’s dividend payout ratio is currently 48.31%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on RUS shares. Scotia upped their price objective 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. BMO Capital Markets upped their price objective on shares of Russel Metals from C$51.00 to C$56.00 in a research note on Wednesday, May 6th. Scotiabank upped their price objective 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. Raymond James Financial upped their price objective on shares of Russel Metals from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Finally, Royal Bank Of Canada increased their price target on shares of Russel Metals from C$55.00 to C$63.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Russel Metals currently has a consensus rating of “Moderate Buy” and an average price target of C$59.50.

About Russel Metals

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.