James Francis Dinning Purchases 2,500 Shares of Russel Metals Inc (TSE:RUS) Stock

Russel Metals Inc (TSE:RUS) Director James Francis Dinning acquired 2,500 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were bought at an average price of C$20.34 per share, for a total transaction of C$50,851.00. Following the purchase, the director now directly owns 25,000 shares of the company’s stock, valued at C$508,510.

Shares of RUS stock traded up C$0.59 on Wednesday, hitting C$20.53. The company’s stock had a trading volume of 252,182 shares, compared to its average volume of 200,099. The stock has a market capitalization of $1.18 billion and a price-to-earnings ratio of 5.93. Russel Metals Inc has a fifty-two week low of C$18.47 and a fifty-two week high of C$29.69. The company has a debt-to-equity ratio of 71.81, a current ratio of 2.75 and a quick ratio of 1.10. The firm’s fifty day moving average price is C$20.40 and its 200-day moving average price is C$22.53.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Monday, September 16th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Monday, August 26th. This represents a $1.52 annualized dividend and a yield of 7.40%. Russel Metals’s dividend payout ratio (DPR) is presently 44.06%.

Several research analysts have issued reports on RUS shares. TD Securities decreased their price target on shares of Russel Metals from C$27.00 to C$24.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Royal Bank of Canada decreased their price target on shares of Russel Metals from C$25.00 to C$22.00 and set a “sector perform” rating on the stock in a research report on Monday, August 12th. BMO Capital Markets decreased their price target on shares of Russel Metals from C$26.00 to C$24.00 in a research report on Thursday, July 4th. Finally, Raymond James reiterated an “outperform” rating and set a C$27.00 price objective on shares of Russel Metals in a research report on Tuesday.

Russel Metals Company Profile

Russel Metals Inc distributes steel and metal products in North America. The company operates through three segments: Metal Service Centers, Energy Products, and Steel Distributors. The Metal Service Center segment sells plates, flat rolled carbon and general line steel products, stainless steel, aluminum, and other non-ferrous specialty metal products.

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