Key Points
- Ryerson CEO Edward Lehner sold 21,968 shares at an average price of $31.22, totaling about $685,841. His remaining stake is 623,596 shares, down 3.4%.
- Ryerson reported quarterly EPS of $0.61, beating analysts’ $0.39 estimate, on revenue of $2.18 billion. The company also declared a quarterly dividend of $0.1875 per share, equivalent to a 2.7% annual yield.
- Analyst ratings point to a Moderate Buy consensus, with one Strong Buy and two Hold ratings; several firms recently upgraded their ratings.
Ryerson Holding (NYSE:RYZ - Get Free Report) 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 completion of the sale, the executive vice president directly owned 30,975 shares of the company's stock, valued at approximately $994,297.50. This trade represents a 8.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Ryerson Stock Up 3.5%
Shares of NYSE:RYZ traded up $0.93 during mid-day trading on Friday, hitting $27.51. 954,224 shares of the company traded hands, compared to its average volume of 460,028. The stock has a market cap of $1.42 billion, a P/E ratio of -161.80 and a beta of 1.50. The company has a current ratio of 2.16, a quick ratio of 1.02 and a debt-to-equity ratio of 0.76. Ryerson Holding has a 12-month low of $19.34 and a 12-month high of $33.72. The stock has a 50-day moving average price of $26.49 and a two-hundred day moving average price of $26.55.
Ryerson (NYSE:RYZ - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The company reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.22. Ryerson had a return on equity of 3.48% and a net margin of 0.21%. The business had revenue of $2.18 billion during the quarter. On average, equities research analysts forecast that Ryerson Holding will post 1.85 earnings per share for the current year.
Ryerson Announces Dividend
The company 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 $0.1875 dividend. The ex-dividend date is Thursday, December 3rd. This represents a $0.75 annualized dividend and a dividend yield of 2.7%. Ryerson's dividend payout ratio is currently -441.18%.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on RYZ shares. Wall Street Zen raised shares of Ryerson from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Zacks Research raised shares of Ryerson from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 26th. Finally, Weiss Ratings upgraded Ryerson from a "sell (d+)" rating to a "hold (c)" rating in a research note on Friday, October 30th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy".
Check Out Our Latest Stock Report on Ryerson
Institutional Trading of Ryerson
A number of large investors have recently bought and sold shares of RYZ. BlackRock Inc. bought a new stake in shares of Ryerson in the second quarter valued at approximately $120,378,000. Platinum Equity Advisors LLC DE bought a new position in Ryerson in the 2nd quarter worth about $96,581,404. JB Capital Partners LP purchased a new position in Ryerson during the 2nd quarter valued at about $69,869,242. State Street Corp purchased a new stake in shares of Ryerson in the second quarter worth about $54,285,000. Finally, Donald Smith & CO. Inc. bought a new position in shares of Ryerson in the second quarter valued at approximately $49,036,000. 94.81% of the stock is owned by hedge funds and other institutional investors.
Ryerson Company Profile
(
Get Free Report)
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.
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