Ryerson Holding Co. (NYSE:RYI) CFO Sells $152,230.10 in Stock

Ryerson Holding Co. (NYSE:RYI - Get Free Report) CFO James J. Claussen sold 6,017 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $25.30, for a total value of $152,230.10. Following the completion of the sale, the chief financial officer now owns 58,773 shares of the company's stock, valued at approximately $1,486,956.90. This represents a 9.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Ryerson Stock Up 1.0 %

Shares of Ryerson stock traded up $0.26 during trading hours on Friday, hitting $25.20. 430,002 shares of the company's stock traded hands, compared to its average volume of 271,297. The stock has a 50 day simple moving average of $21.16 and a 200-day simple moving average of $21.42. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.62. The company has a market cap of $802.65 million, a PE ratio of -96.92 and a beta of 1.59. Ryerson Holding Co. has a twelve month low of $17.18 and a twelve month high of $34.65.

Ryerson (NYSE:RYI - Get Free Report) last announced 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. 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 during the quarter, compared to the consensus estimate of $1 billion. Equities research analysts anticipate that Ryerson Holding Co. will post 1.2 earnings per share for the current fiscal year.

Ryerson Dividend Announcement

The business also recently declared 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. The ex-dividend date is Thursday, March 6th. This represents a $0.75 annualized dividend and a dividend yield of 2.98%. Ryerson's payout ratio is -288.46%.

Hedge Funds Weigh In On Ryerson

Several large investors have recently modified their holdings of the stock. Franklin Resources Inc. lifted its position in shares of Ryerson by 85.8% during the fourth quarter. Franklin Resources Inc. now owns 2,329,803 shares of the basic materials company's stock worth $43,125,000 after purchasing an additional 1,075,963 shares during the last quarter. JB Capital Partners LP lifted its holdings in Ryerson by 4.0% in the third quarter. JB Capital Partners LP now owns 2,131,069 shares of the basic materials company's stock worth $42,430,000 after acquiring an additional 82,313 shares during the last quarter. State Street Corp lifted its holdings in Ryerson by 3.2% in the third quarter. State Street Corp now owns 1,411,397 shares of the basic materials company's stock worth $28,101,000 after acquiring an additional 43,780 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Ryerson by 5.7% in the fourth quarter. Victory Capital Management Inc. now owns 1,215,679 shares of the basic materials company's stock worth $22,502,000 after acquiring an additional 65,181 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Ryerson by 19.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,014,110 shares of the basic materials company's stock worth $18,771,000 after acquiring an additional 166,596 shares during the last quarter. Institutional investors own 94.81% of the company's stock.

Analysts Set New Price Targets

Separately, BMO Capital Markets increased their price target on Ryerson from $23.00 to $25.00 and gave the company a "market perform" rating in a report on Monday, February 24th.

About Ryerson

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.