Elyse Allan Purchases 500 Shares of Russel Metals Inc. (TSE:RUS) Stock

Russel Metals Inc. (TSE:RUS - Get Free Report) Director Elyse Allan acquired 500 shares of Russel Metals stock in a transaction on Wednesday, March 26th. The shares were bought at an average price of C$40.01 per share, for a total transaction of C$20,005.00.

Russel Metals Stock Performance

RUS stock traded down C$0.19 on Monday, reaching C$39.12. The company's stock had a trading volume of 69,371 shares, compared to its average volume of 190,715. Russel Metals Inc. has a 52 week low of C$35.20 and a 52 week high of C$46.87. 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 company has a market capitalization of C$2.24 billion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52. The firm has a fifty day moving average of C$40.90 and a two-hundred day moving average of C$41.26.

Russel Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.68 annualized dividend and a yield of 4.29%. Russel Metals's dividend payout ratio is currently 54.12%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on RUS shares. TD Securities boosted 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, February 18th. Stifel Nicolaus raised their price objective on Russel Metals from C$55.50 to C$60.00 in a research note on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.