Ryerson Holding Co. (NYSE:RYI - Get Free Report) CEO Edward J. Lehner sold 10,000 shares of Ryerson stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $24.79, for a total value of $247,900.00. Following the completion of the sale, the chief executive officer now directly owns 593,228 shares in the company, valued at approximately $14,706,122.12. The trade was a 1.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Ryerson Stock Performance
NYSE RYI opened at $24.37 on Friday. The company has a market cap of $776.05 million, a P/E ratio of -93.71 and a beta of 1.59. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 2.22. The business's 50 day moving average price is $21.60 and its 200-day moving average price is $21.54. Ryerson Holding Co. has a fifty-two week low of $17.18 and a fifty-two week high of $34.65.
Ryerson (NYSE:RYI - Get Free Report) last released its earnings results on Thursday, February 20th. The basic materials company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.48) by $0.34. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. Ryerson had a negative return on equity of 0.70% and a negative net margin of 0.19%. Sell-side analysts predict that Ryerson Holding Co. will post 1.2 earnings per share for the current year.
Ryerson Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Thursday, March 6th. Ryerson's dividend payout ratio is currently -288.46%.
Analysts Set New Price Targets
Separately, BMO Capital Markets lifted their price objective on Ryerson from $23.00 to $25.00 and gave the stock a "market perform" rating in a research note on Monday, February 24th.
Check Out Our Latest Analysis on RYI
Hedge Funds Weigh In On Ryerson
Several large investors have recently modified their holdings of RYI. Franklin Resources Inc. grew its position in Ryerson by 85.8% in the 4th quarter. Franklin Resources Inc. now owns 2,329,803 shares of the basic materials company's stock valued at $43,125,000 after acquiring an additional 1,075,963 shares during the last quarter. Victory Capital Management Inc. grew its position in Ryerson by 164.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,150,498 shares of the basic materials company's stock valued at $22,906,000 after acquiring an additional 715,990 shares during the last quarter. Frontier Capital Management Co. LLC bought a new position in Ryerson in the 4th quarter valued at $6,255,000. Charles Schwab Investment Management Inc. grew its position in Ryerson by 31.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 847,514 shares of the basic materials company's stock valued at $16,874,000 after acquiring an additional 203,314 shares during the last quarter. Finally, JB Capital Partners LP grew its position in Ryerson by 4.0% in the 3rd quarter. JB Capital Partners LP now owns 2,131,069 shares of the basic materials company's stock valued at $42,430,000 after acquiring an additional 82,313 shares during the last quarter. Institutional investors own 94.81% of the company's stock.
About Ryerson
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Get Free Report)
Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States and internationally. It offers a line of products in carbon steel, stainless steel, alloy steels, and aluminum, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing.
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