Ryerson Holding Corporation (NYSE:RYI) CEO Edward J. Lehner acquired 2,470 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were bought at an average cost of $8.26 per share, for a total transaction of $20,402.20. Following the transaction, the chief executive officer now owns 122,080 shares of the company’s stock, valued at $1,008,380.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of Ryerson Holding Corporation (NYSE RYI) traded down 3.47% on Friday, hitting $8.35. The stock had a trading volume of 100,191 shares. The firm’s 50-day moving average price is $8.98 and its 200 day moving average price is $10.40. Ryerson Holding Corporation has a 52-week low of $7.80 and a 52-week high of $16.85. The firm has a market cap of $310.42 million, a PE ratio of 20.72 and a beta of 2.11.
Ryerson Holding Corporation (NYSE:RYI) last posted its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by $0.05. Ryerson Holding Corporation had a negative return on equity of 53.49% and a net margin of 0.48%. The company had revenue of $875.40 million for the quarter, compared to analyst estimates of $875.13 million. During the same period in the previous year, the business posted $0.17 earnings per share. The firm’s revenue was up 18.3% compared to the same quarter last year. On average, equities research analysts predict that Ryerson Holding Corporation will post $1.09 EPS for the current year.
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A number of equities research analysts recently weighed in on the company. TheStreet raised Ryerson Holding Corporation from a “d” rating to a “c” rating in a research report on Monday. BidaskClub downgraded Ryerson Holding Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Zacks Investment Research downgraded Ryerson Holding Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. ValuEngine downgraded Ryerson Holding Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $13.00 price objective on shares of Ryerson Holding Corporation in a research report on Thursday, April 20th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $14.33.
A number of hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in shares of Ryerson Holding Corporation during the fourth quarter worth about $419,000. State Street Corp increased its position in shares of Ryerson Holding Corporation by 23.3% in the fourth quarter. State Street Corp now owns 222,489 shares of the basic materials company’s stock worth $2,970,000 after buying an additional 42,079 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Ryerson Holding Corporation by 34.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 495,562 shares of the basic materials company’s stock worth $6,617,000 after buying an additional 126,695 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of Ryerson Holding Corporation during the first quarter worth about $232,000. Finally, Sanders Morris Harris Inc. acquired a new position in shares of Ryerson Holding Corporation during the first quarter worth about $2,021,000. 39.66% of the stock is owned by institutional investors.
Ryerson Holding Corporation Company Profile
Ryerson Holding Corporation is a service center company for carbon and stainless steel, as well as aluminum. The Company operates through metal service centers segment. In addition to providing a range of flat and long metals products, it offers various value-added processing and fabrication services, such as sawing, slitting, blanking, cutting to length, leveling, flame cutting, laser cutting, edge trimming, edge rolling, roll forming, tube manufacturing, polishing, shearing, forming, stamping, punching, rolling shell plate to radius and beveling to process materials to a specified thickness, length, width, shape and surface quality pursuant to specific customer orders.
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