Ryerson (NYSE:RYZ) EVP Sells $96,300.00 in Stock

Ryerson Holding (NYSE:RYZ) EVP Andrew Greiff sold 3,000 shares of the business’s stock in a transaction 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 transaction, the executive vice president directly owned 30,975 shares in the company, valued at approximately $994,297.50. This represents a 8.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Ryerson Stock Down 0.3%

Shares of NYSE:RYZ opened at $27.51 on Monday. Ryerson Holding has a 1 year low of $19.34 and a 1 year high of $33.72. The company has a market capitalization of $1.42 billion, a PE ratio of -161.80 and a beta of 1.50. The business has a fifty day moving average price of $26.49 and a two-hundred day moving average price 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.

Ryerson (NYSE:RYZ) last released its 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. The company had revenue of $2.18 billion for the quarter. Ryerson had a return on equity of 3.48% and a net margin of 0.21%. Analysts forecast that Ryerson Holding will post 1.85 earnings per share for the current year.

Ryerson Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have commented on RYZ. Weiss Ratings raised shares of Ryerson from a “sell (d+)” rating to a “hold (c)” rating in a research 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 upgraded shares of Ryerson from a “hold” rating to a “strong-buy” rating in a research note 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 company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On Ryerson

Large investors have recently made changes to their positions in the stock. Fifth Third Bancorp lifted its holdings in shares of 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 buying an additional 1,416 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of 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 acquiring an additional 671 shares during the period. Ethic Inc. grew its stake in 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 acquiring an additional 9,009 shares in the last quarter. CenterBook Partners LP grew its stake in 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 acquiring an additional 185,470 shares in the last quarter. Finally, State of Wyoming grew its stake in Ryerson by 109.1% during the third quarter. State of Wyoming now owns 15,726 shares of the company’s stock valued at $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.