Ryerson (NYSE:RYI) Sets New 12-Month Low at $24.15

Shares of Ryerson Holding Co. (NYSE:RYI - Get Free Report) reached a new 52-week low on Wednesday . The stock traded as low as $24.15 and last traded at $24.37, with a volume of 77086 shares traded. The stock had previously closed at $28.55.

Ryerson Stock Down 13.2 %

The firm has a 50-day moving average of $32.12 and a 200 day moving average of $31.72. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.18 and a quick ratio of 0.95. The stock has a market capitalization of $843.02 million, a price-to-earnings ratio of 5.79 and a beta of 1.65.

Ryerson (NYSE:RYI - Get Free Report) last issued its quarterly 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 return on equity of 16.33% and a net margin of 2.85%. The firm had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same period in the prior year, the firm posted ($0.65) earnings per share.

Ryerson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a dividend of $0.188 per share. The ex-dividend date was Wednesday, March 6th. This is a boost from Ryerson's previous quarterly dividend of $0.18. This represents a $0.75 annualized dividend and a yield of 3.03%. Ryerson's dividend payout ratio is 18.43%.

Insider Activity

In other news, insider Alagu Sundarrajan sold 7,407 shares of the firm's stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $32.77, for a total value of $242,727.39. Following the completion of the sale, the insider now directly owns 13,077 shares of the company's stock, valued at $428,533.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.88% of the company's stock.

Hedge Funds Weigh In On Ryerson

A number of large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Ryerson by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,258,261 shares of the basic materials company's stock worth $78,318,000 after purchasing an additional 79,139 shares during the period. Vanguard Group Inc. increased its stake in shares of Ryerson by 28.6% during the third quarter. Vanguard Group Inc. now owns 2,233,108 shares of the basic materials company's stock worth $64,961,000 after purchasing an additional 496,913 shares during the period. Franklin Resources Inc. increased its stake in shares of Ryerson by 15.0% during the fourth quarter. Franklin Resources Inc. now owns 1,262,776 shares of the basic materials company's stock worth $43,793,000 after purchasing an additional 164,447 shares during the period. William Blair Investment Management LLC bought a new position in shares of Ryerson during the third quarter worth approximately $23,522,000. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of Ryerson by 47.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 586,206 shares of the basic materials company's stock worth $17,053,000 after purchasing an additional 189,517 shares during the period. Institutional investors own 94.81% of the company's stock.

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.