Ryerson Holding Co. (NYSE:RYI) COO Acquires $95,000.00 in Stock

Ryerson Holding Co. (NYSE:RYI) COO Michael Burbach acquired 4,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were purchased at an average price of $23.75 per share, with a total value of $95,000.00. Following the acquisition, the chief operating officer now owns 226,263 shares of the company’s stock, valued at $5,373,746.25. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Ryerson Trading Down 1.9 %

NYSE RYI opened at $22.84 on Monday. The company has a current ratio of 2.09, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $784.33 million, a P/E ratio of 8.85 and a beta of 1.69. The business has a fifty day simple moving average of $31.54 and a 200 day simple moving average of $31.64. Ryerson Holding Co. has a 12 month low of $22.32 and a 12 month high of $44.70.

Ryerson (NYSE:RYI) last announced its earnings results on Wednesday, February 21st. The basic materials company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.24 by $0.49. Ryerson had a net margin of 1.84% and a return on equity of 10.27%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the company posted ($0.65) earnings per share.

Ryerson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be paid a $0.188 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.29%. Ryerson’s payout ratio is presently 29.07%.

Institutional Trading of Ryerson

Institutional investors and hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC grew its stake in Ryerson by 9.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 78,014 shares of the basic materials company’s stock valued at $2,613,000 after purchasing an additional 6,443 shares during the period. BNP Paribas Financial Markets grew its position in Ryerson by 3.7% during the first quarter. BNP Paribas Financial Markets now owns 46,135 shares of the basic materials company’s stock valued at $1,546,000 after buying an additional 1,647 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Ryerson by 72.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 13,600 shares of the basic materials company’s stock worth $456,000 after buying an additional 5,703 shares during the last quarter. Denali Advisors LLC raised its position in Ryerson by 10.5% in the first quarter. Denali Advisors LLC now owns 159,186 shares of the basic materials company’s stock worth $5,333,000 after acquiring an additional 15,151 shares during the period. Finally, Los Angeles Capital Management LLC boosted its stake in Ryerson by 5.0% in the first quarter. Los Angeles Capital Management LLC now owns 7,491 shares of the basic materials company’s stock valued at $251,000 after acquiring an additional 355 shares during the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. StockNews.com lowered shares of Ryerson from a “buy” rating to a “hold” rating in a research note on Friday. BMO Capital Markets dropped their price target on shares of Ryerson from $33.00 to $28.00 and set a “market perform” rating on the stock in a research report on Thursday.

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.