Ryerson Holding Co. (NYSE:RYI) EVP Mark S. Silver Sells 9,000 Shares

Ryerson Holding Co. (NYSE:RYI) EVP Mark S. Silver sold 9,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $24.56, for a total transaction of $221,040.00. Following the completion of the transaction, the executive vice president now directly owns 107,664 shares of the company’s stock, valued at approximately $2,644,227.84. This represents a 7.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Ryerson Stock Performance

Shares of Ryerson stock opened at $24.39 on Thursday. The firm has a 50 day simple moving average of $21.46 and a 200 day simple moving average of $21.27. Ryerson Holding Co. has a fifty-two week low of $17.57 and a fifty-two week high of $36.20. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.22 and a quick ratio of 1.06. The firm has a market cap of $776.82 million, a P/E ratio of 39.98 and a beta of 1.54.

Ryerson (NYSE:RYI) last released its earnings results on Tuesday, October 29th. The basic materials company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.26). The firm had revenue of $1.13 billion for the quarter. Ryerson had a return on equity of 2.66% and a net margin of 0.46%. During the same period in the prior year, the firm posted $1.00 EPS.

Ryerson Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Thursday, December 5th. Ryerson’s dividend payout ratio (DPR) is presently 122.95%.

Institutional Investors Weigh In On Ryerson

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Ryerson by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 2,380,803 shares of the basic materials company’s stock valued at $79,757,000 after acquiring an additional 81,515 shares during the last quarter. JB Capital Partners LP grew its stake in shares of Ryerson by 4.0% during the third quarter. JB Capital Partners LP now owns 2,131,069 shares of the basic materials company’s stock worth $42,430,000 after purchasing an additional 82,313 shares during the period. State Street Corp increased its holdings in Ryerson by 3.2% in the third quarter. State Street Corp now owns 1,411,397 shares of the basic materials company’s stock valued at $28,101,000 after purchasing an additional 43,780 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Ryerson by 164.8% in the third quarter. Victory Capital Management Inc. now owns 1,150,498 shares of the basic materials company’s stock valued at $22,906,000 after buying an additional 715,990 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Ryerson by 31.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 847,514 shares of the basic materials company’s stock worth $16,874,000 after buying an additional 203,314 shares during the last quarter. 94.81% of the stock is owned by institutional investors.

Ryerson Company Profile

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.