Insider Selling: Russel Metals (TSE:RUS) Director Sells C$240,000.00 in Stock

Russel Metals Inc. (TSE:RUS) Director James Francis Dinning sold 3,000 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of C$80.00, for a total value of C$240,000.00. Following the transaction, the director directly owned 16,250 shares in the company, valued at C$1,300,000. The trade was a 15.58% decrease in their ownership of the stock.

James Francis Dinning also recently made the following trade(s):

• On Friday, May 29th, James Francis Dinning sold 2,500 shares of Russel Metals stock. The stock was sold at an average price of C$62.10, for a total value of C$155,250.00.
• On Tuesday, May 26th, James Francis Dinning sold 2,500 shares of Russel Metals stock. The shares were sold at an average price of C$60.19, for a total value of C$150,475.00.

Russel Metals Stock Performance

RUS stock traded down C$0.08 during trading on Friday, reaching C$80.42. The stock had a trading volume of 43,294 shares, compared to its average volume of 231,513. The firm has a market cap of C$4.42 billion, a PE ratio of 20.52, a PEG ratio of 0.59 and a beta of 1.21. The company has a current ratio of 2.61, a quick ratio of 1.44 and a debt-to-equity ratio of 27.88. The stock’s 50 day moving average is C$66.33 and its two-hundred day moving average is C$56.60. Russel Metals Inc. has a 52 week low of C$39.09 and a 52 week high of C$83.12.

Russel Metals (TSE:RUS) last released its quarterly earnings results on Thursday, August 6th. The company reported C$1.63 EPS for the quarter. Russel Metals had a net margin of 4.04% and a return on equity of 13.09%. The firm had revenue of C$1.66 billion during the quarter.

Russel Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.2%. The ex-dividend date was Thursday, May 28th. Russel Metals’s payout ratio is 44.13%.

Analyst Ratings Changes

Several brokerages have recently weighed in on RUS. National Bank Financial lifted their price target on shares of Russel Metals from C$57.00 to C$75.00 and gave the stock a “sector perform” rating in a research note on Monday. BMO Capital Markets raised their target price on Russel Metals from C$51.00 to C$56.00 in a report on Wednesday, May 6th. Raymond James Financial downgraded Russel Metals from a “moderate buy” rating to a “hold” rating and lifted their target price for the company from C$70.00 to C$82.00 in a research report on Monday. TD upped their price target on Russel Metals from C$68.00 to C$94.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Scotiabank raised their price objective on Russel Metals from C$76.00 to C$89.00 and gave the stock a “sector outperform” rating in a research note on Tuesday. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$76.89.

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.