Ryerson (NYSE:RYI) CEO Edward Lehner Sells 59,001 Shares of Stock

Ryerson Holding Corporation (NYSE:RYI) CEO Edward Lehner sold 59,001 shares of the stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $30.06, for a total transaction of $1,773,570.06. Following the sale, the chief executive officer directly owned 593,228 shares in the company, valued at $17,832,433.68. This represents a 9.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Ryerson Stock Down 2.3%

Ryerson stock traded down $0.70 during mid-day trading on Friday, reaching $29.33. 247,921 shares of the company’s stock were exchanged, compared to its average volume of 292,921. The company has a market cap of $944.72 million, a P/E ratio of -41.31 and a beta of 1.59. The company has a quick ratio of 0.95, a current ratio of 1.98 and a debt-to-equity ratio of 0.62. Ryerson Holding Corporation has a twelve month low of $19.02 and a twelve month high of $30.31. The company has a fifty day moving average of $25.09 and a 200-day moving average of $23.34.

Ryerson (NYSE:RYI) last posted its quarterly earnings results on Tuesday, October 28th. The basic materials company reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.49). Ryerson had a negative net margin of 0.51% and a negative return on equity of 2.73%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. Ryerson has set its Q4 2025 guidance at -0.280–0.220 EPS. Sell-side analysts expect that Ryerson Holding Corporation will post 1.2 EPS for the current year.

Ryerson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, December 4th. Ryerson’s dividend payout ratio is currently -105.63%.

Analysts Set New Price Targets

RYI has been the subject of several recent analyst reports. Zacks Research upgraded shares of Ryerson to a “hold” rating in a research report on Wednesday, January 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Ryerson in a research report on Monday, December 29th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Ryerson currently has a consensus rating of “Reduce” and an average price target of $25.00.

Institutional Trading of Ryerson

A number of large investors have recently made changes to their positions in the stock. Invenomic Capital Management LP acquired a new stake in Ryerson in the 3rd quarter worth about $4,032,000. CenterBook Partners LP acquired a new stake in Ryerson during the 3rd quarter valued at $3,522,000. Donald Smith & CO. Inc. purchased a new stake in shares of Ryerson during the second quarter worth about $2,403,000. Arrowstreet Capital Limited Partnership increased its holdings in Ryerson by 34.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 364,006 shares of the basic materials company’s stock worth $7,852,000 after purchasing an additional 94,197 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Ryerson by 8.5% in the third quarter. American Century Companies Inc. now owns 1,194,233 shares of the basic materials company’s stock valued at $27,300,000 after acquiring an additional 93,800 shares in the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

About Ryerson

Ryerson, Inc is a North American metals distributor and processor serving a broad range of industrial and manufacturing end markets. Headquartered in Chicago, Illinois, the company supplies carbon steels, stainless alloys, aluminum, brass and copper products to customers across the United States, Canada and Mexico. Through its extensive branch network, Ryerson provides just-in-time delivery and comprehensive inventory management solutions to support complex production schedules and tight lead-time requirements.

In addition to raw material distribution, Ryerson offers a suite of value-added processing services, including laser and plasma cutting, plate burning, sawing, shearing, forming, drilling and welding.