A number of other equities analysts have also recently commented on RUS. TD Securities dropped their price objective on shares of Russel Metals from C$39.00 to C$34.00 and set a buy rating for the company in a research note on Friday, November 9th. Raymond James reissued a strong-buy rating and issued a C$36.00 price objective on shares of Russel Metals in a research note on Monday, November 26th.
Shares of TSE:RUS traded down C$0.14 on Monday, reaching C$23.86. The company’s stock had a trading volume of 178,100 shares, compared to its average volume of 232,753. Russel Metals has a 52-week low of C$19.72 and a 52-week high of C$31.33. The stock has a market capitalization of $1.49 billion and a P/E ratio of 6.78. The company has a quick ratio of 1.08, a current ratio of 2.74 and a debt-to-equity ratio of 56.93.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 15th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, February 26th. This represents a $1.52 annualized dividend and a dividend yield of 6.37%. Russel Metals’s dividend payout ratio (DPR) is presently 43.18%.
In other news, insider William Michael O’reilly bought 1,400 shares of the stock in a transaction dated Monday, December 10th. The stock was purchased at an average price of C$21.20 per share, for a total transaction of C$29,680.00. Insiders bought a total of 5,806 shares of company stock valued at $122,715 in the last 90 days.
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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