Russel Metals Inc (TSE:RUS) Director James Francis Dinning purchased 2,000 shares of the company’s stock in a transaction on Thursday, June 28th. The stock was bought at an average price of C$26.91 per share, for a total transaction of C$53,820.00.
Shares of Russel Metals traded down C$0.10, reaching C$26.87, during mid-day trading on Friday, according to Marketbeat. 328,500 shares of the company’s stock were exchanged, compared to its average volume of 198,484. Russel Metals Inc has a 52-week low of C$24.61 and a 52-week high of C$32.65.
Russel Metals (TSE:RUS) last announced its earnings results on Tuesday, May 1st. The company reported C$0.62 earnings per share (EPS) for the quarter. The business had revenue of C$931.30 million for the quarter. Russel Metals had a net margin of 3.39% and a return on equity of 13.64%.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Friday, June 15th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, May 25th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.66%.
RUS has been the topic of several recent analyst reports. Raymond James increased their price target on shares of Russel Metals from C$33.00 to C$35.00 and gave the company an “outperform” rating in a research note on Tuesday, May 22nd. Royal Bank of Canada reiterated a “sector perform” rating and issued a C$30.00 price target on shares of Russel Metals in a research note on Thursday.
Russel Metals Company Profile
Russel Metals Inc processes and distributes steel and other metal products in North America. The company operates in three segments: Metals Service Centers, Energy Products, and Steel Distributors. The Metals Service Centers segment purchases metal products from steel producers; and packages, processes, and sells carbon hot rolled and cold finished steel, pipe and tubular, and stainless steel and aluminum products, as well as other non-ferrous specialty metals in a range of sizes, shapes, and specifications.
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