Russel Metals (TSE:RUS) Reaches New 12-Month High - What's Next?

Key Points

• Russel Metals reached a new 52-week high, trading as high as C$86.38 and closing near C$86.13, with a market capitalization of approximately C$4.72 billion.
• Analysts maintain a generally positive outlook, with five Buy ratings and three Holds. The consensus rating is “Moderate Buy,” though the average price target of C$76.89 is below the current share price.
• The company reported quarterly EPS of C$1.63 on C$1.66 billion in revenue and declared a quarterly dividend of C$0.44, equal to an annualized C$1.76 payout and a 2.0% yield; insiders have sold significantly more shares than they bought recently.

Russel Metals Inc. (TSE:RUS - Get Free Report) reached a new 52-week high on Monday. The company traded as high as C$86.38 and last traded at C$86.13, with a volume of 11006 shares. The stock had previously closed at C$85.22.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. National Bank Financial increased their price objective on Russel Metals from C$57.00 to C$75.00 and gave the company a "sector perform" rating in a research note on Monday, August 10th. Stifel Nicolaus lifted their price objective on Russel Metals from C$64.00 to C$85.00 and gave the stock a "hold" rating in a research report on Monday, August 10th. Scotiabank boosted their target price on shares of Russel Metals from C$76.00 to C$89.00 and gave the company a "sector outperform" rating in a research note on Tuesday, August 11th. Royal Bank Of Canada upped their target price on shares of Russel Metals from C$68.00 to C$92.00 and gave the company an "outperform" rating in a report on Monday, August 10th. Finally, Raymond James Financial cut shares of Russel Metals from a "moderate buy" rating to a "hold" rating and raised their price target for the stock from C$70.00 to C$82.00 in a research note on Monday, August 10th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of C$76.89.

Russel Metals Trading Up 0.8%

The company has a market cap of C$4.72 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 0.59 and a beta of 1.28. The business has a 50 day simple moving average of C$74.99 and a two-hundred day simple moving average of C$62.82. The company has a current ratio of 2.61, a quick ratio of 1.44 and a debt-to-equity ratio of 27.88.

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

Russel Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 15th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, August 28th. Russel Metals's dividend payout ratio (DPR) is presently 44.13%.

Insider Buying and Selling at Russel Metals

In other Russel Metals news, Director Brian Robie Hedges purchased 1,000 shares of the stock in a transaction on Thursday, August 13th. The stock was bought at an average price of C$80.48 per share, for a total transaction of C$80,480.00. Following the acquisition, the director directly owned 1,000 shares of the company's stock, valued at C$80,480. This represents a ∞ increase in their ownership of the stock. Also, Director James Francis Dinning sold 3,000 shares of the company's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of C$80.00, for a total transaction of C$240,000.00. Following the transaction, the director directly owned 16,250 shares of the company's stock, valued at approximately C$1,300,000. This represents a 15.58% decrease in their position. Insiders sold 33,682 shares of company stock worth $2,735,333 in the last 90 days. 0.85% of the stock is owned by company insiders.

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.

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