Russel Metals Inc (TSE:RUS) insider William Michael O’reilly acquired 1,000 shares of Russel Metals stock in a transaction dated Thursday, August 16th. The shares were acquired at an average cost of C$28.76 per share, with a total value of C$28,760.00.

RUS stock traded up C$0.17 during trading on Friday, hitting C$29.08. 121,500 shares of the stock traded hands, compared to its average volume of 196,495. Russel Metals Inc has a one year low of C$25.39 and a one year high of C$32.65.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, September 14th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 5.23%. The ex-dividend date is Friday, August 24th.

A number of research firms have recently commented on RUS. Royal Bank of Canada raised their price objective on shares of Russel Metals from C$30.00 to C$32.00 and gave the stock a “sector perform” rating in a report on Monday, August 13th. Raymond James raised their price objective on shares of Russel Metals from C$35.00 to C$36.00 and gave the stock a “strong-buy” rating in a report on Monday, August 13th.

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.

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

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