Insider Selling: Russel Metals Inc (RUS) Insider Sells 5,000 Shares of Stock

Russel Metals Inc (TSE:RUS) insider Maureen Ann Kelly sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of C$30.20, for a total value of C$151,000.00.

Russel Metals Inc (TSE:RUS) traded down C$0.30 during midday trading on Wednesday, hitting C$29.41. The company had a trading volume of 12,439 shares, compared to its average volume of 255,783. Russel Metals Inc has a 52-week low of C$23.67 and a 52-week high of C$32.65. The stock has a market capitalization of $1,840.00, a price-to-earnings ratio of 14.86 and a beta of 0.74.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 15th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.17%. The ex-dividend date is Wednesday, February 28th. Russel Metals’s dividend payout ratio is currently 76.00%.

A number of equities analysts recently issued reports on RUS shares. TD Securities raised their price target on Russel Metals from C$34.00 to C$36.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Raymond James Financial raised their price target on Russel Metals from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a report on Wednesday, November 22nd.

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Russel Metals Company Profile

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.

Insider Buying and Selling by Quarter for Russel Metals (TSE:RUS)

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