Russel Metals Inc. (TSE:RUS) Declares $0.42 Quarterly Dividend

Russel Metals Inc. (TSE:RUS) announced a quarterly dividend on Friday, February 28th, TickerTech Dividends reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.42 per share on Monday, March 17th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date is Friday, February 28th.

Russel Metals Trading Up 1.6 %

TSE:RUS traded up C$0.68 during mid-day trading on Wednesday, reaching C$41.99. 17,740 shares of the company’s stock traded hands, compared to its average volume of 173,339. The company has a 50 day moving average price of C$41.62 and a 200-day moving average price of C$40.92. The firm has a market capitalization of C$2.41 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 0.59 and a beta of 1.52. 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 has a 12-month low of C$35.20 and a 12-month high of C$46.87.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on RUS shares. Royal Bank of Canada raised Russel Metals from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$45.00 to C$51.00 in a research note on Tuesday, November 26th. Stifel Nicolaus upped their price objective on shares of Russel Metals from C$55.50 to C$60.00 in a report on Friday, February 14th. TD Securities raised 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 research report on Tuesday, February 18th. Finally, Raymond James boosted their price target 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 given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$51.21.

Insider Buying and Selling

In other news, Director Brian Robie Hedges sold 5,000 shares of Russel Metals stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of C$42.32, for a total transaction of C$211,600.00. 0.85% of the stock is currently owned by insiders.

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.