Russel Metals Inc (TSE:RUS) insider Brian Robie Hedges sold 5,200 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of C$29.45, for a total transaction of C$153,140.00.

Brian Robie Hedges also recently made the following trade(s):

  • On Wednesday, December 6th, Brian Robie Hedges sold 2,000 shares of Russel Metals stock. The stock was sold at an average price of C$29.45, for a total transaction of C$58,900.00.

Shares of Russel Metals Inc (TSE:RUS) opened at C$29.41 on Tuesday. Russel Metals Inc has a 12 month low of C$23.67 and a 12 month high of C$29.78.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 27th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, November 24th. This represents a $1.52 annualized dividend and a yield of 5.17%. Russel Metals’s payout ratio is currently 79.58%.

A number of brokerages have recently issued reports on RUS. TD Securities upped their price objective on shares of Russel Metals from C$32.00 to C$34.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Raymond James Financial upped their price objective on shares of Russel Metals from C$31.00 to C$32.00 and gave the company an “outperform” rating in a research note on Wednesday, November 22nd. Finally, Scotiabank reaffirmed an “outperform” rating and issued a C$32.00 price objective on shares of Russel Metals in a research note on Thursday, November 9th.

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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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