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

Russel Metals Inc. (TSE:RUS - Get Free Report) Director Brian Robie Hedges sold 5,000 shares of Russel Metals stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of C$42.32, for a total value of C$211,600.00.

Russel Metals Price Performance

RUS traded down C$0.07 during midday trading on Tuesday, reaching C$41.31. 200,405 shares of the company's stock were exchanged, compared to its average volume of 177,594. Russel Metals Inc. has a 1-year low of C$35.20 and a 1-year high of C$46.87. The stock has a market capitalization of C$2.37 billion, a PE ratio of 13.31, a P/E/G 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. The business's 50-day moving average price is C$41.69 and its 200 day moving average price is C$40.91.

Russel Metals Dividend Announcement

The business also recently announced 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 yield of 4.07%. The ex-dividend date of this dividend is Friday, February 28th. Russel Metals's dividend payout ratio (DPR) is presently 54.12%.

Analysts Set New Price Targets

RUS has been the topic of several research analyst reports. Stifel Nicolaus boosted their target price on shares of Russel Metals from C$55.50 to C$60.00 in a research report on Friday, February 14th. Royal Bank of Canada upgraded shares of Russel Metals from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from C$45.00 to C$51.00 in a research note on Tuesday, November 26th. Raymond James upped their target price on shares of Russel Metals from C$50.00 to C$56.00 in a research report on Wednesday, November 13th. Finally, TD Securities increased their target price on shares of Russel Metals from C$50.00 to C$52.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$51.21.

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Russel Metals Company Profile

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.