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 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.
View Our Latest Stock Analysis on RUS
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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