Russel Metals Inc. (TSE:RUS) insider Brian Robie Hedges sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of C$29.45, for a total transaction of C$58,900.00.

Russel Metals Inc. (TSE RUS) traded up C$0.42 on Thursday, hitting C$29.04. 430,997 shares of the company were exchanged, compared to its average volume of 205,888. Russel Metals Inc. has a one year low of C$23.67 and a one year high of C$29.78.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, November 27th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date is Friday, November 24th. Russel Metals’s payout ratio is currently 79.58%.

A number of research analysts recently weighed in on RUS shares. Scotiabank reissued an “outperform” rating and set a C$32.00 price target on shares of Russel Metals in a research report on Thursday, November 9th. TD Securities raised their price target on shares of Russel Metals from C$32.00 to C$34.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Finally, Raymond James Financial raised their price target on shares of Russel Metals from C$31.00 to C$32.00 and gave the company an “outperform” rating in a research report on Wednesday, November 22nd.

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About Russel Metals

Russel Metals Inc is a metals distribution and processing company. The Company primarily distributes steel products. The Company operates through three segments: metals service centers, energy products and steel distributors. The Company provides processing and distribution services to a base of approximately 43,000 end users through a network of 50 locations in Canada and 14 locations in the United States.

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