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

Russel Metals Inc. (TSE:RUS) Director Brian Robie Hedges sold 5,000 shares of the company’s 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 Down 2.6 %

Shares of TSE:RUS opened at C$41.18 on Friday. The stock’s 50-day moving average price is C$41.74 and its two-hundred day moving average price is C$40.90. The company has a current ratio of 3.37, a quick ratio of 1.44 and a debt-to-equity ratio of 20.28. Russel Metals Inc. has a 12-month low of C$35.20 and a 12-month high of C$46.87. The firm has a market cap of C$2.36 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 0.59 and a beta of 1.52.

Russel Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date is Friday, February 28th. Russel Metals’s payout ratio is 54.12%.

Analyst Ratings Changes

A number of analysts recently commented on the company. TD Securities increased their price objective on Russel Metals from C$50.00 to C$52.00 and gave the company a “buy” rating in a research note on Tuesday. Royal Bank of Canada raised Russel Metals from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$45.00 to C$51.00 in a research note on Tuesday, November 26th. Raymond James increased their price objective on Russel Metals from C$50.00 to C$56.00 in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus increased their price objective on Russel Metals from C$55.50 to C$60.00 in a research note on Friday, February 14th. One investment 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 currently has a consensus rating of “Moderate Buy” and an average target price 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.