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

Russel Metals Inc. (TSE:RUS) Director Brian Robie Hedges sold 5,000 shares of the stock in a transaction 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 Stock Performance

RUS stock opened at C$41.18 on Friday. The stock has a 50-day moving average price of C$41.74 and a 200-day moving average price of C$40.90. Russel Metals Inc. has a 1-year low of C$35.20 and a 1-year high of C$46.87. The company has a current ratio of 3.37, a quick ratio of 1.44 and a debt-to-equity ratio of 20.28. The firm has a market cap of C$2.36 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52.

Russel Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend is Friday, February 28th. Russel Metals’s dividend payout ratio (DPR) is presently 54.12%.

Analyst Ratings Changes

A number of research analysts have recently commented on RUS shares. Raymond James increased their price target on Russel Metals from C$50.00 to C$56.00 in a research note on Wednesday, November 13th. Royal Bank of Canada upgraded Russel Metals from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$45.00 to C$51.00 in a research note on Tuesday, November 26th. TD Securities raised their target price on Russel Metals from C$50.00 to C$52.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, Stifel Nicolaus raised their target price on Russel Metals from C$55.50 to C$60.00 in a research report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$51.21.

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.