Ryerson (NYSE:RYZ) EVP Andrew Greiff Sells 3,000 Shares of Stock

Ryerson Holding (NYSE:RYZ) EVP Andrew Greiff sold 3,000 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $32.10, for a total value of $96,300.00. Following the transaction, the executive vice president owned 30,975 shares in the company, valued at approximately $994,297.50. This trade represents a 8.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Ryerson Stock Performance

NYSE:RYZ traded up $0.93 during mid-day trading on Friday, hitting $27.51. 954,224 shares of the stock were exchanged, compared to its average volume of 460,028. The firm’s 50-day simple moving average is $26.49 and its 200 day simple moving average is $26.55. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of -161.80 and a beta of 1.50. Ryerson Holding has a fifty-two week low of $19.34 and a fifty-two week high of $33.72. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.02 and a current ratio of 2.16.

Ryerson (NYSE:RYZ) last released its quarterly earnings results on Wednesday, October 28th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.22. Ryerson had a net margin of 0.21% and a return on equity of 3.48%. The business had revenue of $2.18 billion for the quarter. As a group, equities analysts anticipate that Ryerson Holding will post 1.85 EPS for the current fiscal year.

Ryerson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, December 3rd. Ryerson’s dividend payout ratio is -441.18%.

Hedge Funds Weigh In On Ryerson

A number of hedge funds have recently bought and sold shares of RYZ. Fifth Third Bancorp increased its holdings in Ryerson by 1.5% in the third quarter. Fifth Third Bancorp now owns 97,019 shares of the company’s stock worth $2,286,000 after purchasing an additional 1,416 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Ryerson by 4.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 16,876 shares of the company’s stock valued at $414,000 after purchasing an additional 671 shares in the last quarter. Ethic Inc. raised its holdings in shares of Ryerson by 44.7% during the third quarter. Ethic Inc. now owns 29,181 shares of the company’s stock valued at $688,000 after purchasing an additional 9,009 shares during the period. CenterBook Partners LP raised its holdings in shares of Ryerson by 660.1% during the third quarter. CenterBook Partners LP now owns 213,566 shares of the company’s stock valued at $5,032,000 after purchasing an additional 185,470 shares during the period. Finally, State of Wyoming boosted its position in shares of Ryerson by 109.1% during the 3rd quarter. State of Wyoming now owns 15,726 shares of the company’s stock worth $371,000 after purchasing an additional 8,206 shares in the last quarter. Institutional investors own 94.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Ryerson from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, October 30th. Wall Street Zen raised shares of Ryerson from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Zacks Research upgraded shares of Ryerson from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 26th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Ryerson Company Profile

Ryerson Holding Corporation is a value-added processor and distributor of industrial metals. The company supplies carbon steel, stainless steel, aluminum, nickel, and copper products to manufacturers and other industrial customers, offering materials in forms such as sheets, plates, coils, bars, tubes, and structural products.

In addition to distributing metals, Ryerson provides processing and fabrication services designed to prepare materials for customer specifications. These services include cutting, slitting, sawing, forming, machining, and other methods that help customers manage their material requirements and supply chains.

Founded in Chicago in 1842 by Joseph T.