Ryerson (NYSE:RYZ) Stock: Insider Edward Lehner Sells 21,968 Shares

Ryerson Holding (NYSE:RYZ) CEO Edward Lehner sold 21,968 shares of Ryerson stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $31.22, for a total transaction of $685,840.96. Following the completion of the transaction, the chief executive officer directly owned 623,596 shares in the company, valued at approximately $19,468,667.12. This represents a 3.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Ryerson Price Performance

NYSE RYZ opened at $27.51 on Friday. The company has a current ratio of 2.16, a quick ratio of 1.02 and a debt-to-equity ratio of 0.76. The company has a fifty day simple moving average of $26.49 and a 200 day simple moving average of $26.55. The company has a market cap of $1.42 billion, a P/E ratio of -161.80 and a beta of 1.50. Ryerson Holding has a 1 year low of $19.34 and a 1 year high of $33.72.

Ryerson (NYSE:RYZ) last posted its earnings results on Wednesday, October 28th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.22. The business had revenue of $2.18 billion for the quarter. Ryerson had a net margin of 0.21% and a return on equity of 3.48%. On average, sell-side analysts predict that Ryerson Holding will post 1.85 EPS for the current year.

Ryerson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be given a $0.1875 dividend. 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 dividend payout ratio (DPR) is currently -441.18%.

Wall Street Analyst Weigh In

RYZ has been the subject of several research analyst reports. Wall Street Zen raised Ryerson from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Zacks Research raised Ryerson from a “hold” rating to a “strong-buy” rating in a report on Monday, October 26th. Finally, Weiss Ratings raised Ryerson from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Hedge Funds Weigh In On Ryerson

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Ryerson in the second quarter valued at about $120,378,000. Platinum Equity Advisors LLC DE bought a new position in Ryerson during the second quarter worth about $96,581,404. JB Capital Partners LP bought a new position in Ryerson during the second quarter worth about $69,869,242. State Street Corp acquired a new stake in Ryerson during the second quarter valued at approximately $54,285,000. Finally, Donald Smith & CO. Inc. acquired a new stake in Ryerson during the second quarter valued at approximately $49,036,000. 94.81% of the stock is owned by institutional investors.

Ryerson Company Profile

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.