Russel Metals Inc (TSE:RUS) Insider Maureen Ann Kelly Sells 5,000 Shares

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

Shares of TSE:RUS traded down C$0.28 during mid-day trading on Friday, hitting C$27.54. 141,738 shares of the company traded hands, compared to its average volume of 250,234. Russel Metals Inc has a 12-month low of C$23.67 and a 12-month high of C$32.65.

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Russel Metals (TSE:RUS) last announced its earnings results on Wednesday, February 14th. The company reported C$0.45 earnings per share (EPS) for the quarter. Russel Metals had a return on equity of 13.64% and a net margin of 3.39%. The company had revenue of C$825.10 million for the quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 15th were given a $0.38 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.52 annualized dividend and a yield of 5.52%.

Several research analysts recently issued reports on RUS shares. TD Securities lifted their target price on Russel Metals from C$34.00 to C$36.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Raymond James Financial lifted their target price on Russel Metals from C$32.00 to C$33.00 and gave the company an “outperform” rating in a research report on Friday, February 16th.

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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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