Russel Metals (TSE:RUS) Director James Francis Dinning Sells 2,500 Shares of Stock

Russel Metals Inc. (TSE:RUS) Director James Francis Dinning sold 2,500 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of C$62.10, for a total transaction of C$155,250.00. Following the completion of the sale, the director directly owned 19,250 shares of the company’s stock, valued at C$1,195,425. The trade was a 11.49% decrease in their position.

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

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

Russel Metals Price Performance

RUS opened at C$62.44 on Friday. The company has a 50-day moving average of C$52.82 and a 200-day moving average of C$47.86. The company has a market capitalization of C$3.43 billion, a P/E ratio of 17.54, a PEG ratio of 0.59 and a beta of 0.95. Russel Metals Inc. has a 1-year low of C$39.09 and a 1-year high of C$62.56. The company has a debt-to-equity ratio of 29.50, a quick ratio of 1.44 and a current ratio of 2.86.

Russel Metals (TSE:RUS) last released 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 Announces Dividend

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

Analysts Set New Price Targets

Several research firms have recently commented on RUS. Royal Bank Of Canada lifted their price target on shares of Russel Metals from C$55.00 to C$63.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. BMO Capital Markets lifted their price target on shares of Russel Metals from C$51.00 to C$56.00 in a report on Wednesday, May 6th. National Bank Financial lifted their price target on shares of Russel Metals from C$51.00 to C$52.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Stifel Nicolaus lifted their price target on shares of Russel Metals from C$49.00 to C$58.50 and gave the company a “hold” rating in a report on Thursday, May 7th. Finally, Scotiabank lifted 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 report on Friday, February 13th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.