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

Russel Metals Inc. (TSE:RUS) Director Brian Robie Hedges sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of C$42.32, for a total transaction of C$211,600.00.

Russel Metals Trading Down 2.6 %

Shares of TSE RUS opened at C$41.18 on Monday. 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 52-week low of C$35.20 and a 52-week high of C$46.87. The firm has a 50 day moving average price of C$41.74 and a two-hundred day moving average price of C$40.90. The stock has a market cap of C$2.36 billion, a P/E ratio of 13.27, a price-to-earnings-growth 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 given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.08%. The ex-dividend date is Friday, February 28th. Russel Metals’s dividend payout ratio (DPR) is currently 54.12%.

Analyst Upgrades and Downgrades

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