Insider Selling: Russel Metals (TSE:RUS) Director Sells C$632,500.00 in Stock

Russel Metals Inc. (TSE:RUS) Director Brian Robie Hedges sold 10,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of C$57.00, for a total transaction of C$273,600.00.

Russel Metals Trading Down 0.4%

Shares of Russel Metals stock opened at C$61.97 on Friday. The company has a market capitalization of C$3.40 billion, a P/E ratio of 17.41, a P/E/G ratio of 0.59 and a beta of 1.16. 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 has a fifty day moving average of C$55.82 and a 200 day moving average of C$49.45. Russel Metals Inc. has a fifty-two week low of C$39.09 and a fifty-two week high of C$64.26.

Russel Metals (TSE:RUS) last issued its earnings results on Tuesday, May 5th. The company reported C$1.30 earnings per share for the quarter. The company had revenue of C$1.42 billion during the quarter. Russel Metals had a net margin of 4.04% and a return on equity of 12.22%.

Russel Metals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 15th will be paid a $0.44 dividend. The ex-dividend date is Thursday, May 28th. This represents a $1.76 annualized dividend and a yield of 2.8%. Russel Metals’s payout ratio is presently 48.31%.

Wall Street Analyst Weigh In

Several analysts have commented on RUS shares. Stifel Nicolaus boosted their price target on shares of Russel Metals from C$49.00 to C$58.50 and gave the stock a “hold” rating in a research note 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 stock an “outperform” rating in a research note on Thursday, May 7th. 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 research note on Monday, May 11th. BMO Capital Markets boosted their price target on shares of Russel Metals from C$51.00 to C$56.00 in a research note on Wednesday, May 6th. Finally, Raymond James Financial boosted their price target on shares of Russel Metals from C$65.00 to C$70.00 in a research note on Friday, June 5th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$60.06.

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.