Russel Metals (TSE:RUS) Director Sells C$240,000.00 in Stock

Key Points

• Director James Francis Dinning sold 3,000 Russel Metals shares at C$80 each, generating C$240,000 and reducing his ownership by 15.58% to 16,250 shares. He also sold 5,000 shares in two transactions earlier in the year.
• Russel Metals reported quarterly EPS of C$1.63 on revenue of C$1.66 billion, while maintaining a quarterly dividend of C$0.44 per share, equivalent to a 2.2% yield.
• The stock closed at C$80.42, near its C$83.12 one-year high. Analysts remain broadly positive, with a “Moderate Buy” consensus and an average target price of C$76.89, though ratings range from Buy to Hold.

Russel Metals Inc. (TSE:RUS - Get Free Report) Director James Francis Dinning sold 3,000 shares of Russel Metals stock in a transaction that occurred on 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 owned 16,250 shares of the company's stock, valued at C$1,300,000. The trade was a 15.58% decrease in their ownership of the stock.

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

• On Friday, May 29th, James Francis Dinning sold 2,500 shares of Russel Metals stock. The stock was sold at an average price of C$62.10, for a total value of C$155,250.00.
• 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 value of C$150,475.00.

Russel Metals Stock Down 0.1%

RUS stock traded down C$0.08 on Friday, reaching C$80.42. 43,294 shares of the company traded hands, compared to its average volume of 231,513. The firm has a fifty day simple moving average of C$66.33 and a 200-day simple moving average of C$56.60. The company has a market cap of C$4.42 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 0.59 and a beta of 1.21. Russel Metals Inc. has a one year low of C$39.09 and a one year high of C$83.12. The company has a debt-to-equity ratio of 27.88, a current ratio of 2.61 and a quick ratio of 1.44.

Russel Metals (TSE:RUS - Get Free Report) last released its earnings results 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 business had revenue of C$1.66 billion for the quarter.

Russel Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Thursday, May 28th. Russel Metals's dividend payout ratio is 44.13%.

Analysts Set New Price Targets

RUS has been the topic of several analyst reports. TD upped their target price on shares of Russel Metals from C$68.00 to C$94.00 and gave the stock a "buy" rating in a research note on Tuesday. Raymond James Financial lowered shares of Russel Metals from a "moderate buy" rating to a "hold" rating and boosted their price objective for the stock from C$70.00 to C$82.00 in a report on Monday. National Bank Financial upped 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 report on Monday. Scotiabank increased their target price on Russel Metals from C$76.00 to C$89.00 and gave the company a "sector outperform" rating in a research note on Tuesday. Finally, BMO Capital Markets lifted their target price on Russel Metals from C$51.00 to C$56.00 in a report on Wednesday, May 6th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently 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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