Insider Selling: Russel Metals Inc. (TSE:RUS) Director Sells 5,000 Shares of Stock

Russel Metals Inc. (TSE:RUS) Director Brian Robie Hedges sold 5,000 shares of the firm’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 Stock Performance

Shares of TSE:RUS opened at C$41.18 on Friday. The company has a market cap of C$2.36 billion, a P/E ratio of 13.27, a PEG ratio of 0.59 and a beta of 1.52. The company has a debt-to-equity ratio of 20.28, a quick ratio of 1.44 and a current ratio of 3.37. Russel Metals Inc. has a one year low of C$35.20 and a one year high of C$46.87. The business’s 50-day simple moving average is C$41.74 and its 200 day simple moving average is C$40.90.

Russel Metals Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Friday, February 28th. This represents a $1.68 annualized dividend and a yield of 4.08%. Russel Metals’s dividend payout ratio is presently 54.12%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on RUS shares. Raymond James raised their price objective on Russel Metals from C$50.00 to C$56.00 in a report on Wednesday, November 13th. Stifel Nicolaus raised their price objective on Russel Metals from C$55.50 to C$60.00 in a report on Friday, February 14th. TD Securities raised their target price on Russel Metals from C$50.00 to C$52.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Royal Bank of Canada upgraded Russel Metals from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$45.00 to C$51.00 in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently 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.