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

Ryerson Holding (NYSE:RYZ) EVP Andrew Greiff sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $32.10, for a total value of $96,300.00. Following the sale, the executive vice president directly owned 30,975 shares in the company, valued at $994,297.50. This trade represents a 8.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Ryerson Trading Up 3.5%

NYSE:RYZ traded up $0.93 on Friday, reaching $27.51. The stock had a trading volume of 954,224 shares, compared to its average volume of 460,028. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.16 and a quick ratio of 1.02. Ryerson Holding has a 12-month low of $19.34 and a 12-month high of $33.72. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 79.19 and a beta of 1.50. The firm’s fifty day moving average is $26.49 and its two-hundred day moving average is $26.55.

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

Ryerson Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, December 3rd. This represents a $0.75 annualized dividend and a dividend yield of 2.7%. Ryerson’s dividend payout ratio (DPR) is currently -441.18%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Ryerson during the second quarter worth about $120,378,000. Platinum Equity Advisors LLC DE acquired a new stake in shares of Ryerson during the 2nd quarter worth about $96,581,404. JB Capital Partners LP purchased a new stake in shares of Ryerson in the 2nd quarter valued at about $69,869,242. State Street Corp acquired a new stake in shares of Ryerson in the second quarter valued at approximately $54,285,000. Finally, Donald Smith & CO. Inc. acquired a new position in Ryerson during the 2nd quarter worth approximately $49,036,000. Hedge funds and other institutional investors own 94.81% of the company’s stock.

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.