Ryerson Holding Co. (NYSE:RYI) CFO James J. Claussen 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 that occurred 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 sale, the chief financial officer now owns 58,773 shares in the company, valued at approximately $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 available at this link.

Ryerson Price Performance

Shares of Ryerson stock opened at $25.77 on Thursday. 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 firm has a market cap of $820.80 million, a PE ratio of -99.12 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. The business has a 50-day moving average price of $20.94 and a 200 day moving average price of $21.30.

Ryerson (NYSE:RYI) last issued its earnings results 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 company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. Ryerson had a negative return on equity of 0.70% and a negative net margin of 0.19%. Sell-side analysts predict that Ryerson Holding Co. will post 1.2 earnings per share for the current fiscal year.

Ryerson Announces Dividend

The firm also recently announced 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. The ex-dividend date is Thursday, March 6th. This represents a $0.75 dividend on an annualized basis and a yield of 2.91%. Ryerson’s dividend payout ratio (DPR) is presently -288.46%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. purchased a new position in shares of Ryerson during the fourth quarter worth approximately $54,000. Tower Research Capital LLC TRC lifted its holdings in Ryerson by 488.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,688 shares of the basic materials company’s stock valued at $68,000 after purchasing an additional 3,061 shares in the last quarter. FMR LLC grew its position in shares of Ryerson by 159.7% in the third quarter. FMR LLC now owns 7,649 shares of the basic materials company’s stock valued at $152,000 after purchasing an additional 4,704 shares during the period. Brevan Howard Capital Management LP purchased a new position in Ryerson during the fourth quarter worth approximately $196,000. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Ryerson in the 3rd quarter valued at about $202,000. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Analysts Set New Price Targets

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