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

Ryerson Holding Co. (NYSE:RYI) CFO James J. Claussen sold 6,017 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $25.30, for a total transaction of $152,230.10. Following the sale, the chief financial officer now owns 58,773 shares in the company, valued at $1,486,956.90. This trade represents a 9.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ryerson Stock Up 1.0 %

Shares of NYSE:RYI opened at $25.20 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.22 and a quick ratio of 1.06. The firm has a market capitalization of $802.65 million, a PE ratio of -96.92 and a beta of 1.59. The firm’s 50-day moving average is $21.16 and its two-hundred day moving average is $21.38. Ryerson Holding Co. has a 1 year low of $17.18 and a 1 year high of $34.65.

Ryerson (NYSE:RYI) last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.34. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. Ryerson had a negative net margin of 0.19% and a negative return on equity of 0.70%. Analysts predict that Ryerson Holding Co. will post 1.2 EPS for the current year.

Ryerson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.98%. Ryerson’s payout ratio is -288.46%.

Institutional Trading of Ryerson

A number of large investors have recently made changes to their positions in RYI. Assenagon Asset Management S.A. purchased a new stake in shares of Ryerson during the third quarter worth approximately $202,000. Nisa Investment Advisors LLC increased its stake in shares of Ryerson by 3,103.6% during the third quarter. Nisa Investment Advisors LLC now owns 12,430 shares of the basic materials company’s stock worth $247,000 after buying an additional 12,042 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Ryerson during the third quarter worth approximately $272,000. Victory Capital Management Inc. increased its stake in shares of Ryerson by 164.8% during the third quarter. Victory Capital Management Inc. now owns 1,150,498 shares of the basic materials company’s stock worth $22,906,000 after buying an additional 715,990 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of Ryerson by 5.3% during the third quarter. Empowered Funds LLC now owns 192,767 shares of the basic materials company’s stock worth $3,838,000 after buying an additional 9,782 shares during the period. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets boosted their price target on shares of Ryerson from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Monday, February 24th.

Ryerson Company Profile

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.