James Francis Dinning Sells 2,500 Shares of Russel Metals (TSE:RUS) Stock

Russel Metals Inc. (TSE:RUS) Director James Francis Dinning sold 2,500 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of C$62.10, for a total transaction of C$155,250.00. Following the transaction, the director owned 19,250 shares in the company, valued at C$1,195,425. This represents a 11.49% decrease in their position.

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

• On Tuesday, May 26th, James Francis Dinning sold 2,500 shares of Russel Metals stock. The shares were sold at an average price of C$60.19, for a total transaction of C$150,475.00.

Russel Metals Price Performance

RUS opened at C$62.44 on Friday. The company has a debt-to-equity ratio of 29.50, a quick ratio of 1.44 and a current ratio of 2.86. The stock has a market capitalization of C$3.43 billion, a P/E ratio of 17.54, a P/E/G ratio of 0.59 and a beta of 0.95. The company’s 50-day simple moving average is C$52.82 and its two-hundred day simple moving average is C$47.86. Russel Metals Inc. has a 52-week low of C$39.09 and a 52-week high of C$62.56.

Russel Metals (TSE:RUS) last posted its earnings results on Tuesday, May 5th. The company reported C$1.30 earnings per share (EPS) for the quarter. The business had revenue of C$1.42 billion for the quarter. Russel Metals had a net margin of 4.04% and a return on equity of 12.22%.

Russel Metals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.44 per share. The ex-dividend date is Thursday, May 28th. This represents a $1.76 annualized dividend and a yield of 2.8%. Russel Metals’s dividend payout ratio is currently 48.31%.

Analyst Ratings Changes

Several research firms have issued reports on RUS. TD Securities upped their target price on shares of Russel Metals from C$50.00 to C$57.00 and gave the company a “buy” rating in a research note on Friday, February 13th. TD upped their target price on shares of Russel Metals from C$63.00 to C$68.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Scotia upped their price target on shares of Russel Metals from C$54.00 to C$62.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 7th. BMO Capital Markets upped their price target on shares of Russel Metals from C$51.00 to C$56.00 in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada upped their price target on shares of Russel Metals from C$55.00 to C$63.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Russel Metals presently has an average rating of “Moderate Buy” and an average target price of C$59.50.

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.