James J. Claussen Sells 6,017 Shares of Ryerson Holding Co. (NYSE:RYI) Stock

Ryerson Holding Co. (NYSE:RYI) CFO James J. Claussen sold 6,017 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $25.30, for a total transaction of $152,230.10. Following the completion of the sale, the chief financial officer now owns 58,773 shares in the company, valued at $1,486,956.90. This represents a 9.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Ryerson Stock Down 3.5 %

Shares of NYSE RYI opened at $24.98 on Friday. The company has a current ratio of 2.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average of $21.04 and a 200-day moving average of $21.33. The firm has a market capitalization of $795.48 million, a price-to-earnings ratio of -96.06 and a beta of 1.59. Ryerson Holding Co. has a 12 month low of $17.18 and a 12 month high of $34.65.

Ryerson (NYSE:RYI) last released its quarterly earnings results on Thursday, February 20th. The basic materials company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.34. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. Ryerson had a negative net margin of 0.19% and a negative return on equity of 0.70%. Sell-side analysts expect that Ryerson Holding Co. will post 1.2 earnings per share for the current fiscal year.

Ryerson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given 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 3.00%. Ryerson’s payout ratio is -288.46%.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets increased their price objective on Ryerson from $23.00 to $25.00 and gave the stock a “market perform” rating in a research report on Monday.

Hedge Funds Weigh In On Ryerson

A number of hedge funds and other institutional investors have recently modified their holdings of RYI. Price T Rowe Associates Inc. MD lifted its position in Ryerson by 11.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,455 shares of the basic materials company’s stock worth $305,000 after buying an additional 1,734 shares during the last quarter. Barclays PLC raised its stake in shares of Ryerson by 3.5% during the fourth quarter. Barclays PLC now owns 57,280 shares of the basic materials company’s stock worth $1,061,000 after acquiring an additional 1,950 shares in the last quarter. Mutual Advisors LLC lifted its holdings in shares of Ryerson by 5.0% in the 4th quarter. Mutual Advisors LLC now owns 44,865 shares of the basic materials company’s stock worth $830,000 after acquiring an additional 2,140 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Ryerson by 9.4% in the 4th quarter. Hantz Financial Services Inc. now owns 30,067 shares of the basic materials company’s stock valued at $557,000 after purchasing an additional 2,590 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Ryerson by 19.5% during the 4th quarter. Wells Fargo & Company MN now owns 16,821 shares of the basic materials company’s stock valued at $311,000 after purchasing an additional 2,749 shares during the last quarter. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

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.