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 business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $25.30, for a total value of $152,230.10. Following the transaction, the chief financial officer now 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Ryerson Stock Up 2.9 %

Shares of Ryerson stock opened at $25.77 on Thursday. The stock has a 50-day simple moving average of $20.94 and a 200-day simple moving average of $21.30. Ryerson Holding Co. has a 52-week low of $17.18 and a 52-week high of $34.65. The firm has a market cap of $820.80 million, a price-to-earnings ratio of -99.12 and a beta of 1.59. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.22 and a quick ratio of 1.06.

Ryerson (NYSE:RYI) last posted its quarterly earnings results on Thursday, February 20th. The basic materials company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.34. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. Ryerson had a negative net margin of 0.19% and a negative return on equity of 0.70%. On average, equities research 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 disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 2.91%. The ex-dividend date is Thursday, March 6th. Ryerson’s payout ratio is -288.46%.

Institutional Investors Weigh In On Ryerson

Large investors have recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. bought a new position in Ryerson during the fourth quarter worth about $54,000. Tower Research Capital LLC TRC grew its position in shares of Ryerson by 488.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,688 shares of the basic materials company’s stock worth $68,000 after purchasing an additional 3,061 shares in the last quarter. FMR LLC grew its position in Ryerson by 159.7% during the third quarter. FMR LLC now owns 7,649 shares of the basic materials company’s stock worth $152,000 after buying an additional 4,704 shares in the last quarter. Brevan Howard Capital Management LP acquired a new stake in shares of Ryerson during the 4th quarter worth $196,000. Finally, Assenagon Asset Management S.A. bought a new position in Ryerson in the 3rd quarter valued at about $202,000. Institutional investors own 94.81% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.