Ryerson (NYSE:RYZ) Stock: Insider Andrew Greiff Sells 3,000 Shares

Key Points

• Ryerson EVP Andrew Greiff sold 3,000 shares for $96,300, reducing his stake by 8.83% to 30,975 shares.
• The company reported quarterly earnings of $0.61 per share, beating the $0.39 analyst consensus, on revenue of $2.18 billion.
• Ryerson announced a quarterly dividend of $0.1875 per share, equivalent to a 2.7% yield; analysts’ average rating is “Moderate Buy.”

Ryerson Holding (NYSE:RYZ - Get Free Report) EVP Andrew Greiff sold 3,000 shares of the firm's stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $32.10, for a total value of $96,300.00. Following the transaction, the executive vice president directly owned 30,975 shares of the company's stock, valued at $994,297.50. This represents a 8.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Ryerson Trading Up 3.5%

Shares of RYZ stock traded up $0.93 during trading hours on Friday, hitting $27.51. 954,224 shares of the company were exchanged, compared to its average volume of 460,028. The firm has a fifty day moving average of $26.49 and a 200 day moving average of $26.55. The firm has a market cap of $1.42 billion, a PE ratio of 79.19 and a beta of 1.50. Ryerson Holding has a 1 year low of $19.34 and a 1 year high of $33.72. The company has a quick ratio of 1.02, a current ratio of 2.16 and a debt-to-equity ratio of 0.76.

Ryerson (NYSE:RYZ - Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.22. Ryerson had a return on equity of 3.48% and a net margin of 0.21%. The company had revenue of $2.18 billion for the quarter. Analysts expect that Ryerson Holding will post 1.85 earnings per share for the current year.

Ryerson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, December 3rd. Ryerson's payout ratio is presently -441.18%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Zacks Research raised Ryerson from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 26th. Weiss Ratings raised shares of Ryerson from a "sell (d+)" rating to a "hold (c)" rating in a research note on Friday, October 30th. Finally, Wall Street Zen upgraded shares of Ryerson from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Ryerson presently has an average rating of "Moderate Buy".

Hedge Funds Weigh In On Ryerson

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in Ryerson during the 2nd quarter valued at $120,378,000. Platinum Equity Advisors LLC DE bought a new stake in shares of Ryerson during the 2nd quarter worth $96,581,404. JB Capital Partners LP bought a new position in shares of Ryerson in the 2nd quarter worth about $69,869,242. State Street Corp bought a new stake in shares of Ryerson in the 2nd quarter worth $54,285,000. Finally, Donald Smith & CO. Inc. purchased a new stake in Ryerson during the 2nd quarter worth about $49,036,000. Institutional investors and hedge funds own 94.81% of the company's stock.

About Ryerson

Ryerson Holding Corporation is a value-added processor and distributor of industrial metals. The company supplies carbon steel, stainless steel, aluminum, nickel, and copper products to manufacturers and other industrial customers, offering materials in forms such as sheets, plates, coils, bars, tubes, and structural products.

In addition to distributing metals, Ryerson provides processing and fabrication services designed to prepare materials for customer specifications. These services include cutting, slitting, sawing, forming, machining, and other methods that help customers manage their material requirements and supply chains.

Founded in Chicago in 1842 by Joseph T.

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