Shares of Ryerson Holding Co. (NYSE:RYI - Get Free Report) reached a new 52-week low on Tuesday . The company traded as low as $21.65 and last traded at $21.97, with a volume of 111780 shares trading hands. The stock had previously closed at $22.03.
Analyst Ratings Changes
RYI has been the subject of a number of recent analyst reports. BMO Capital Markets lowered their target price on shares of Ryerson from $33.00 to $28.00 and set a "market perform" rating for the company in a research note on Thursday, May 2nd. StockNews.com lowered shares of Ryerson from a "buy" rating to a "hold" rating in a research report on Friday, May 3rd.
View Our Latest Report on Ryerson
Ryerson Stock Performance
The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.94 and a current ratio of 2.09. The firm's 50 day simple moving average is $30.41 and its 200-day simple moving average is $31.45. The company has a market cap of $750.33 million, a price-to-earnings ratio of 8.47 and a beta of 1.69.
Ryerson (NYSE:RYI - Get Free Report) last posted its earnings results on Wednesday, February 21st. The basic materials company reported $0.73 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter in the prior year, the company posted ($0.65) earnings per share.
Ryerson Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be issued a $0.188 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Thursday, June 6th. Ryerson's dividend payout ratio (DPR) is 29.07%.
Insider Activity
In related news, insider Alagu Sundarrajan sold 7,407 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $32.77, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Ryerson news, insider Alagu Sundarrajan sold 7,407 shares of the stock in a transaction 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 transaction, the insider now owns 13,077 shares in the company, valued at $428,533.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Michael Burbach purchased 4,000 shares of the company's stock in a transaction dated Thursday, May 2nd. The stock was purchased at an average price of $23.75 per share, with a total value of $95,000.00. Following the transaction, the chief operating officer now owns 226,263 shares of the company's stock, valued at $5,373,746.25. The disclosure for this purchase can be found here. Corporate insiders own 3.88% of the company's stock.
Institutional Trading of Ryerson
A number of hedge funds have recently added to or reduced their stakes in the business. CANADA LIFE ASSURANCE Co boosted its stake in Ryerson by 295.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 13,563 shares of the basic materials company's stock worth $454,000 after buying an additional 10,135 shares during the last quarter. Cynosure Group LLC acquired a new position in shares of Ryerson in the 1st quarter valued at about $335,000. Acadian Asset Management LLC lifted its stake in shares of Ryerson by 3.4% in the 1st quarter. Acadian Asset Management LLC now owns 675,102 shares of the basic materials company's stock valued at $22,610,000 after purchasing an additional 22,069 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Ryerson by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 2,380,803 shares of the basic materials company's stock valued at $79,757,000 after purchasing an additional 81,515 shares in the last quarter. Finally, MMCAP International Inc. SPC lifted its stake in shares of Ryerson by 2,316.4% in the 1st quarter. MMCAP International Inc. SPC now owns 193,313 shares of the basic materials company's stock valued at $6,476,000 after purchasing an additional 185,313 shares in the last quarter. 94.81% of the stock is owned by institutional investors and hedge funds.
About Ryerson
(
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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.
Further Reading
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