Brian Robie Hedges Sells 25,000 Shares of Russel Metals (TSE:RUS) Stock

Russel Metals Inc. (TSE:RUS) Director Brian Robie Hedges sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of C$81.54, for a total transaction of C$2,038,500.00.

Brian Robie Hedges also recently made the following trade(s):

• On Thursday, August 13th, Brian Robie Hedges bought 1,000 shares of Russel Metals stock. The stock was bought at an average price of C$80.48 per share, with a total value of C$80,480.00.
• On Tuesday, June 9th, Brian Robie Hedges sold 10,000 shares of Russel Metals stock. The shares were 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 stock was sold at an average price of C$62.10, for a total value of C$310,500.00.

Russel Metals Stock Performance

Shares of TSE RUS traded up C$0.72 during mid-day trading on Thursday, hitting C$80.39. The company had a trading volume of 85,322 shares, compared to its average volume of 232,318. Russel Metals Inc. has a 12 month low of C$39.09 and a 12 month high of C$83.12. The stock has a market cap of C$4.41 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 0.59 and a beta of 1.21. The company has a debt-to-equity ratio of 27.88, a current ratio of 2.61 and a quick ratio of 1.44. The firm’s 50 day simple moving average is C$66.00 and its two-hundred day simple moving average is C$56.37.

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

Russel Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $1.76 annualized dividend and a dividend yield of 2.2%. Russel Metals’s payout ratio is 48.31%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Scotia increased 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 report on Thursday, May 7th. BMO Capital Markets boosted their target price on shares of Russel Metals from C$51.00 to C$56.00 in a research note on Wednesday, May 6th. Scotiabank upped their target price on shares of Russel Metals from C$76.00 to C$89.00 and gave the stock a “sector outperform” rating in a research report on Tuesday. Raymond James Financial lowered shares of Russel Metals from a “moderate buy” rating to a “hold” rating and raised their price target for the company from C$70.00 to C$82.00 in a research note on Monday. Finally, Stifel Nicolaus lifted their price target on Russel Metals from C$64.00 to C$85.00 and gave the company a “hold” rating in a report on Monday. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Russel Metals currently has a consensus 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.