Ryerson (NYSE:RYZ) CEO Edward Lehner Sells 21,968 Shares of Company Stock

Ryerson Holding (NYSE:RYZ) CEO Edward Lehner sold 21,968 shares of the firm’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $31.22, for a total value of $685,840.96. Following the transaction, the chief executive officer owned 623,596 shares in the company, valued at approximately $19,468,667.12. This trade represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Ryerson Stock Performance

Shares of RYZ stock opened at $27.51 on Friday. The firm has a 50-day moving average of $26.49 and a 200-day moving average of $26.55. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.16 and a quick ratio of 1.02. The company has a market cap of $1.42 billion, a P/E ratio of 79.19 and a beta of 1.50. Ryerson Holding has a one year low of $19.34 and a one year high of $33.72.

Ryerson (NYSE:RYZ) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.22. Ryerson had a return on equity of 3.48% and a net margin of 0.21%. The firm had revenue of $2.18 billion during the quarter. Equities research analysts forecast that Ryerson Holding will post 1.85 EPS for the current fiscal year.

Ryerson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis 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%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Ryerson

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

About Ryerson

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.