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 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 completion of the transaction, the chief financial officer now directly owns 58,773 shares of the company’s stock, valued at approximately $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 available through this link.

Ryerson Stock Performance

Shares of RYI stock opened at $24.98 on Friday. Ryerson Holding Co. has a 52 week low of $17.18 and a 52 week high of $34.65. The firm’s 50-day simple moving average is $21.04 and its two-hundred day simple moving average is $21.33. The firm has a market cap of $795.48 million, a price-to-earnings ratio of -96.06 and a beta of 1.59. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 2.22.

Ryerson (NYSE:RYI) last posted its quarterly earnings data on Thursday, February 20th. The basic materials company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.48) by $0.34. Ryerson had a negative return on equity of 0.70% and a negative net margin of 0.19%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. As a group, equities analysts forecast that Ryerson Holding Co. will post 1.2 earnings per share for the current year.

Ryerson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 3.00%. The ex-dividend date is Thursday, March 6th. Ryerson’s dividend payout ratio (DPR) is currently -288.46%.

Institutional Investors Weigh In On Ryerson

Several institutional investors have recently added to or reduced their stakes in RYI. Franklin Resources Inc. raised its position in shares of Ryerson by 85.8% in the fourth quarter. Franklin Resources Inc. now owns 2,329,803 shares of the basic materials company’s stock valued at $43,125,000 after purchasing an additional 1,075,963 shares during the period. JB Capital Partners LP raised its holdings in Ryerson by 4.0% during the 3rd quarter. JB Capital Partners LP now owns 2,131,069 shares of the basic materials company’s stock valued at $42,430,000 after acquiring an additional 82,313 shares during the period. State Street Corp lifted its position in shares of Ryerson by 3.2% during the third quarter. State Street Corp now owns 1,411,397 shares of the basic materials company’s stock worth $28,101,000 after acquiring an additional 43,780 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Ryerson by 5.7% in the fourth quarter. Victory Capital Management Inc. now owns 1,215,679 shares of the basic materials company’s stock worth $22,502,000 after acquiring an additional 65,181 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Ryerson by 19.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,014,110 shares of the basic materials company’s stock valued at $18,771,000 after purchasing an additional 166,596 shares in the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets upped their price objective on Ryerson from $23.00 to $25.00 and gave the company a “market perform” rating in a research note 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.