Russel Metals Inc. (TSE:RUS) Director Elyse Allan Buys 500 Shares

Russel Metals Inc. (TSE:RUS) Director Elyse Allan purchased 500 shares of the stock in a transaction on Wednesday, March 26th. The stock was acquired at an average cost of C$40.01 per share, with a total value of C$20,005.00.

Russel Metals Price Performance

Shares of RUS stock opened at C$39.31 on Friday. The company has a debt-to-equity ratio of 20.28, a quick ratio of 1.44 and a current ratio of 3.37. Russel Metals Inc. has a fifty-two week low of C$35.20 and a fifty-two week high of C$46.87. The firm has a market cap of C$2.25 billion, a P/E ratio of 12.66, a P/E/G ratio of 0.59 and a beta of 1.52. The business’s 50 day moving average price is C$40.90 and its 200-day moving average price is C$41.19.

Russel Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were given a $0.42 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.68 annualized dividend and a dividend yield of 4.27%. Russel Metals’s dividend payout ratio is 54.12%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RUS. TD Securities boosted their target price on Russel Metals from C$50.00 to C$52.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Stifel Nicolaus increased their price objective on Russel Metals from C$55.50 to C$60.00 in a research note on Friday, February 14th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$51.21.

Russel Metals Company Profile

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.