Russel Metals Inc. (RUS) Insider Marion Eleanor Britton Sells 5,000 Shares
Russel Metals Inc. (TSE:RUS) insider Marion Eleanor Britton sold 5,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of C$28.70, for a total transaction of C$143,500.00.
Shares of Russel Metals Inc. (TSE:RUS) traded up C$0.61 on Friday, hitting C$28.90. The stock had a trading volume of 178,033 shares, compared to its average volume of 206,068. Russel Metals Inc. has a one year low of C$23.67 and a one year high of C$29.78.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, November 27th will be issued a $0.38 dividend. The ex-dividend date is Friday, November 24th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.26%. Russel Metals’s dividend payout ratio is 79.58%.
A number of analysts have commented on the stock. 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. TD Securities upped their price objective on shares of Russel Metals from C$30.00 to C$32.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Finally, Scotiabank 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 Thursday, August 3rd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$31.20.
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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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