Russel Metals (TSE:RUS) Director Acquires 1,000 Shares of Stock

Key Points

• Director Brian Robie Hedges purchased 1,000 Russel Metals shares at an average price of C$80.48, investing C$80,480 and bringing his direct ownership to 1,000 shares. This follows sales totaling 40,000 shares earlier in the year.
• Russel Metals reported quarterly revenue of C$1.66 billion and earnings of C$1.63 per share, while maintaining a quarterly dividend of $0.44 per share, equivalent to a 2.2% yield.
• Analyst sentiment remains positive, with five Buy and three Hold ratings and a consensus “Moderate Buy” recommendation; the average price target is C$76.89, below the stock’s recent trading price near C$80.39.

Russel Metals Inc. (TSE:RUS - Get Free Report) Director Brian Robie Hedges acquired 1,000 shares of the company's stock in a transaction on Thursday, August 13th. The shares were purchased at an average cost of C$80.48 per share, with a total value of C$80,480.00. Following the completion of the purchase, the director directly owned 1,000 shares of the company's stock, valued at C$80,480. This trade represents a ∞ increase in their ownership of the stock.

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

• On Tuesday, August 11th, Brian Robie Hedges sold 25,000 shares of Russel Metals stock. The shares were sold at an average price of C$81.54, for a total transaction of C$2,038,500.00.
• On Tuesday, June 9th, Brian Robie Hedges sold 10,000 shares of Russel Metals stock. The stock was 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 transaction of C$310,500.00.

Russel Metals Trading Up 0.9%

Shares of RUS stock traded up C$0.72 during trading hours on Thursday, reaching C$80.39. 85,322 shares of the stock were exchanged, 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 company has a current ratio of 2.61, a quick ratio of 1.44 and a debt-to-equity ratio of 27.88. The company's 50-day moving average price is C$66.00 and its 200-day moving average price is C$56.37. The firm has a market capitalization of C$4.41 billion, a price-to-earnings ratio of 22.58, a price-to-earnings-growth ratio of 0.59 and a beta of 1.21.

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

Russel Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, May 28th. Russel Metals's dividend payout ratio (DPR) is currently 48.31%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. TD boosted their target price on shares of Russel Metals from C$68.00 to C$94.00 and gave the company a "buy" rating in a research note on Tuesday. Royal Bank Of Canada raised their price target on shares of Russel Metals from C$68.00 to C$92.00 and gave the stock an "outperform" rating in a research note on Monday. Stifel Nicolaus boosted their price objective on shares of Russel Metals from C$64.00 to C$85.00 and gave the company a "hold" rating in a research report on Monday. National Bank Financial upped their target price 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. Finally, Raymond James Financial lowered shares of Russel Metals from a "moderate buy" rating to a "hold" rating and raised their target price for the stock from C$70.00 to C$82.00 in a research report on Monday. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Russel Metals currently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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