Russel Metals Inc. (TSE:RUS) Director Purchases C$20,005.00 in Stock

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

Russel Metals Stock Performance

Shares of RUS stock opened at C$39.31 on Friday. The stock has a market capitalization of C$2.25 billion, a PE ratio of 12.66, a PEG ratio of 0.59 and a beta of 1.52. The business’s 50 day simple moving average is C$40.90 and its 200 day simple moving average is C$41.22. 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 one year low of C$35.20 and a one year high of C$46.87.

Russel Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend was Friday, February 28th. Russel Metals’s dividend payout ratio (DPR) is presently 54.12%.

Wall Street Analysts Forecast Growth

RUS has been the topic of several research reports. Stifel Nicolaus boosted their price target on Russel Metals from C$55.50 to C$60.00 in a report on Friday, February 14th. TD Securities boosted their target price on shares of Russel Metals from C$50.00 to C$52.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.