Insider Buying: Russel Metals Inc (RUS) Director Purchases 1,500 Shares of Stock

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Russel Metals Inc (TSE:RUS) Director Annie Thabet acquired 1,500 shares of the stock in a transaction that occurred on Monday, June 4th. The stock was purchased at an average price of C$29.05 per share, with a total value of C$43,575.00.

Shares of Russel Metals traded down C$0.11, reaching C$28.70, during trading on Tuesday, reports. 131,978 shares of the company’s stock were exchanged, compared to its average volume of 201,311. Russel Metals Inc has a twelve month low of C$24.61 and a twelve month high of C$32.65.

Russel Metals (TSE:RUS) last issued its quarterly earnings data on Tuesday, May 1st. The company reported C$0.62 EPS for the quarter. Russel Metals had a return on equity of 13.64% and a net margin of 3.39%. The firm had revenue of C$931.30 million for the quarter.

The business also recently announced a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Friday, June 15th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 5.30%. The ex-dividend date was Friday, May 25th.

Several equities research analysts have commented on the company. TD Securities boosted their target price on Russel Metals from C$36.00 to C$39.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Raymond James upped their price objective on Russel Metals from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 22nd.

About Russel Metals

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.

Insider Buying and Selling by Quarter for Russel Metals (TSE:RUS)

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