Insider Selling: Ryerson Holding Co. (NYSE:RYI) CFO Sells 6,017 Shares of Stock

Ryerson Holding Co. (NYSE:RYI) CFO James J. Claussen sold 6,017 shares of the company’s 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 transaction, the chief financial officer now owns 58,773 shares of the company’s stock, valued at $1,486,956.90. The trade was a 9.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Ryerson Price Performance

Ryerson stock traded up $0.73 during trading hours on Wednesday, hitting $25.77. 488,918 shares of the stock were exchanged, compared to its average volume of 261,736. The stock has a market capitalization of $820.80 million, a P/E ratio of -99.12 and a beta of 1.59. The business’s 50-day moving average is $20.84 and its two-hundred day moving average is $21.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 2.22. Ryerson Holding Co. has a 12 month low of $17.18 and a 12 month high of $34.65.

Ryerson (NYSE:RYI) last issued its quarterly earnings data on Thursday, February 20th. The basic materials company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.48) by $0.34. The firm had revenue of $1.01 billion during 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%. Equities research analysts expect that Ryerson Holding Co. will post 1.2 EPS for the current fiscal year.

Ryerson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Thursday, March 6th. Ryerson’s dividend payout ratio is currently -288.46%.

Institutional Investors Weigh In On Ryerson

Hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC increased its holdings in Ryerson by 167.0% in the third quarter. Barclays PLC now owns 55,330 shares of the basic materials company’s stock valued at $1,101,000 after purchasing an additional 34,604 shares during the last quarter. State Street Corp increased its stake in shares of Ryerson by 3.2% during the 3rd quarter. State Street Corp now owns 1,411,397 shares of the basic materials company’s stock worth $28,101,000 after purchasing an additional 43,780 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Ryerson by 31.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 847,514 shares of the basic materials company’s stock worth $16,874,000 after acquiring an additional 203,314 shares during the last quarter. BNP Paribas Financial Markets raised its position 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 valued at $730,000 after purchasing an additional 8,688 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in Ryerson during the third quarter worth approximately $207,000. 94.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, BMO Capital Markets raised their target price on Ryerson from $23.00 to $25.00 and gave the stock a “market perform” rating in a research report on Monday.

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.