Russel Metals Inc. (TSE:RUS) Director Brian Robie Hedges Sells 5,000 Shares

Russel Metals Inc. (TSE:RUS) Director Brian Robie Hedges sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of C$42.32, for a total value of C$211,600.00.

Russel Metals Trading Down 0.9 %

Shares of RUS traded down C$0.37 during trading hours on Friday, hitting C$41.91. 45,573 shares of the stock were exchanged, compared to its average volume of 172,826. The firm has a market capitalization of C$2.40 billion, a P/E ratio of 13.50, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52. The company has a debt-to-equity ratio of 20.28, a current ratio of 3.37 and a quick ratio of 1.44. Russel Metals Inc. has a fifty-two week low of C$35.20 and a fifty-two week high of C$46.87. The business has a 50-day moving average of C$41.82 and a 200-day moving average of C$40.89.

Russel Metals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend is Friday, February 28th. Russel Metals’s payout ratio is 54.12%.

Analyst Ratings Changes

RUS has been the subject of several research reports. Stifel Nicolaus increased their price objective on shares of Russel Metals from C$55.50 to C$60.00 in a research note on Friday, February 14th. TD Securities raised their price objective on Russel Metals from C$50.00 to C$52.00 and gave the company a “buy” rating in a report on Tuesday. Royal Bank of Canada raised Russel Metals from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$45.00 to C$51.00 in a report on Tuesday, November 26th. Finally, Raymond James lifted their price target on Russel Metals from C$50.00 to C$56.00 in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$51.21.

About Russel Metals

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users.