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 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 transaction of C$211,600.00.

Russel Metals Price Performance

RUS stock traded down C$0.37 during midday trading on Friday, reaching C$41.91. The company had a trading volume of 45,573 shares, compared to its average volume of 172,826. The company has a market capitalization of C$2.40 billion, a price-to-earnings ratio of 13.50, a price-to-earnings-growth 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 Inc. has a 1-year low of C$35.20 and a 1-year high of C$46.87. The stock has a 50 day moving average price of C$41.82 and a 200-day moving average price of C$40.89.

Russel Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date is Friday, February 28th. Russel Metals’s dividend payout ratio (DPR) is presently 54.12%.

Analysts Set New Price Targets

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