Insider Selling: Russel Metals (TSE:RUS) Director Sells C$2,038,500.00 in Stock

Key Points

• Director Brian Robie Hedges sold 25,000 Russel Metals shares at an average C$81.54, totaling C$2.04 million. He later bought 1,000 shares at C$80.48, following additional sales in May and June.
• Russel Metals shares traded at C$80.39, near their 52-week high of C$83.12, while the company reported quarterly EPS of C$1.63 on C$1.66 billion in revenue.
• The company pays a quarterly dividend of C$0.44, equivalent to C$1.76 annually and a 2.2% yield. Analysts hold a “Moderate Buy” consensus rating with an average target price of C$76.89.

Russel Metals Inc. (TSE:RUS - Get Free Report) Director Brian Robie Hedges sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of C$81.54, for a total value 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 acquired at an average cost of C$80.48 per share, for a total transaction 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 transaction 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 RUS stock traded up C$0.72 during midday 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. 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 company's 50 day simple moving average is C$66.00 and its 200 day simple moving average is C$56.37. 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 - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported C$1.63 EPS for the quarter. The firm had revenue of C$1.66 billion for the quarter. Russel Metals had a net margin of 4.04% and a return on equity of 13.09%.

Russel Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were given a $0.44 dividend. 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 dividend payout ratio (DPR) is currently 48.31%.

Analyst Ratings Changes

A number of research firms have recently commented on RUS. Scotia upped their price objective on 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. National Bank Financial lifted their target price on Russel Metals from C$57.00 to C$75.00 and gave the company a "sector perform" rating in a report on Monday. Scotiabank boosted their price target on Russel Metals from C$76.00 to C$89.00 and gave the company a "sector outperform" rating in a research report on Tuesday. Stifel Nicolaus lifted their price objective on Russel Metals from C$64.00 to C$85.00 and gave the company a "hold" rating in a research note on Monday. Finally, Royal Bank Of Canada lifted their price objective on Russel Metals from C$68.00 to C$92.00 and gave the company an "outperform" rating in a research note on Monday. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Russel Metals has an average rating of "Moderate Buy" and an average target price of C$76.89.

Russel Metals Company Profile

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.

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