Ryerson (NYSE:RYI) Stock Price Down 4.3%

Ryerson Holding Co. (NYSE:RYI)’s share price fell 4.3% during mid-day trading on Thursday . The stock traded as low as $19.10 and last traded at $19.10. 136,051 shares traded hands during trading, a decline of 51% from the average session volume of 279,483 shares. The stock had previously closed at $19.95.

Analyst Ratings Changes

Several research firms have issued reports on RYI. StockNews.com lowered Ryerson from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. BMO Capital Markets dropped their price objective on Ryerson from $33.00 to $28.00 and set a “market perform” rating for the company in a research note on Thursday, May 2nd.

Ryerson Stock Performance

The company has a market capitalization of $669.63 million, a price-to-earnings ratio of 7.55 and a beta of 1.62. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.09 and a quick ratio of 0.94. The stock has a 50 day moving average price of $23.42 and a two-hundred day moving average price of $29.70.

Ryerson (NYSE:RYI) last announced its earnings results on Tuesday, April 30th. The basic materials company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.47). Ryerson had a net margin of 1.84% and a return on equity of 10.27%. The business had revenue of $1.24 billion during the quarter.

Ryerson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were paid a $0.188 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.86%. Ryerson’s dividend payout ratio (DPR) is presently 29.07%.

Insider Buying and Selling

In other news, Director Karen Marie Leggio acquired 2,127 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was purchased at an average cost of $23.50 per share, for a total transaction of $49,984.50. Following the completion of the transaction, the director now directly owns 2,127 shares in the company, valued at $49,984.50. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Karen Marie Leggio acquired 2,127 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was purchased at an average cost of $23.50 per share, for a total transaction of $49,984.50. Following the completion of the transaction, the director now directly owns 2,127 shares in the company, valued at $49,984.50. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Michael Burbach acquired 4,000 shares of the stock in a transaction that occurred on 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 completion of 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.

Hedge Funds Weigh In On Ryerson

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank boosted its holdings in Ryerson by 2,177.4% during the first quarter. Comerica Bank now owns 6,855 shares of the basic materials company’s stock worth $230,000 after buying an additional 6,554 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings in Ryerson by 2.6% during the first quarter. Bridgeway Capital Management LLC now owns 509,845 shares of the basic materials company’s stock worth $17,080,000 after buying an additional 12,775 shares during the last quarter. Caxton Associates LP boosted its holdings in Ryerson by 29.8% during the first quarter. Caxton Associates LP now owns 42,244 shares of the basic materials company’s stock worth $1,415,000 after buying an additional 9,688 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Ryerson by 7.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,553 shares of the basic materials company’s stock worth $455,000 after buying an additional 977 shares during the last quarter. Finally, BOKF NA bought a new position in Ryerson during the first quarter worth about $390,000. Institutional investors own 94.81% of the company’s stock.

About Ryerson

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.