Ryerson Holding Co. (NYSE:RYI - Get Free Report) CEO Edward J. Lehner sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $24.79, for a total value of $247,900.00. Following the sale, the chief executive officer now owns 593,228 shares of the company's stock, valued at approximately $14,706,122.12. This trade represents a 1.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Ryerson Price Performance
RYI traded down $0.66 on Monday, reaching $23.31. The company had a trading volume of 239,228 shares, compared to its average volume of 271,472. Ryerson Holding Co. has a one year low of $17.18 and a one year high of $34.65. The company has a current ratio of 2.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. The company has a fifty day moving average of $21.70 and a 200-day moving average of $21.61. The company has a market capitalization of $742.29 million, a P/E ratio of -89.63 and a beta of 1.53.
Ryerson (NYSE:RYI - Get Free Report) last issued its earnings results on Thursday, February 20th. The basic materials company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.48) by $0.34. Ryerson had a negative return on equity of 0.70% and a negative net margin of 0.19%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. As a group, equities research analysts anticipate that Ryerson Holding Co. will post 1.2 earnings per share for the current year.
Ryerson Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Thursday, March 6th. Ryerson's dividend payout ratio (DPR) is presently -288.46%.
Institutional Trading of Ryerson
Large investors have recently modified their holdings of the stock. Barclays PLC boosted its position in Ryerson by 167.0% during the third quarter. Barclays PLC now owns 55,330 shares of the basic materials company's stock valued at $1,101,000 after acquiring an additional 34,604 shares during the last quarter. State Street Corp increased its position in shares of Ryerson by 3.2% in the third quarter. State Street Corp now owns 1,411,397 shares of the basic materials company's stock valued at $28,101,000 after acquiring an additional 43,780 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Ryerson by 31.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 847,514 shares of the basic materials company's stock worth $16,874,000 after purchasing an additional 203,314 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Ryerson by 31.0% in the third quarter. BNP Paribas Financial Markets now owns 36,676 shares of the basic materials company's stock worth $730,000 after acquiring an additional 8,688 shares during the period. Finally, Intech Investment Management LLC purchased a new position in Ryerson during the third quarter valued at approximately $207,000. 94.81% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, BMO Capital Markets upped their target price on Ryerson from $23.00 to $25.00 and gave the company a "market perform" rating in a report on Monday, February 24th.
Check Out Our Latest Report on Ryerson
Ryerson Company Profile
(
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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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