Insider Selling: Russel Metals (TSE:RUS) Insider Sells 28,935 Shares of Stock

Russel Metals Inc. (TSE:RUS) insider John Gregory Reid sold 28,935 shares of Russel Metals stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of C$58.62, for a total value of C$1,696,169.70. Following the completion of the transaction, the insider directly owned 306,147 shares in the company, valued at C$17,946,337.14. This represents a 8.64% decrease in their position.

Russel Metals Stock Down 0.4%

Russel Metals stock traded down C$0.23 during mid-day trading on Thursday, hitting C$58.35. The company’s stock had a trading volume of 65,057 shares, compared to its average volume of 216,737. Russel Metals Inc. has a 52-week low of C$39.09 and a 52-week high of C$59.15. The company has a market cap of C$3.20 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 0.59 and a beta of 0.95. The company has a debt-to-equity ratio of 29.50, a current ratio of 2.86 and a quick ratio of 1.44. The firm’s 50 day moving average is C$50.92 and its 200 day moving average is C$46.98.

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

Russel Metals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 15th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, May 28th. Russel Metals’s dividend payout ratio is presently 48.31%.

Analyst Ratings Changes

A number of research analysts have recently commented on RUS shares. Scotia increased their price objective on Russel Metals from C$54.00 to C$62.00 and gave the company a “sector outperform” rating in a report on Thursday, May 7th. Royal Bank Of Canada increased their price objective on Russel Metals from C$55.00 to C$63.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Stifel Nicolaus increased their price objective on Russel Metals from C$49.00 to C$58.50 and gave the company a “hold” rating in a report on Thursday, May 7th. Raymond James Financial increased their price objective on Russel Metals from C$60.00 to C$65.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Finally, Scotiabank increased their price objective on Russel Metals from C$52.00 to C$54.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company 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.