Ryerson (NYSE:RYI) CEO Sells $1,773,570.06 in Stock
by Michael Walen · The Markets DailyRyerson Holding Corporation (NYSE:RYI – Get Free Report) CEO Edward Lehner sold 59,001 shares of the business’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $30.06, for a total transaction of $1,773,570.06. Following the completion of the sale, the chief executive officer owned 593,228 shares in the company, valued at $17,832,433.68. This represents a 9.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Ryerson Price Performance
RYI stock traded down $0.70 during trading on Friday, hitting $29.33. 247,921 shares of the company’s stock traded hands, compared to its average volume of 292,921. Ryerson Holding Corporation has a 52 week low of $19.02 and a 52 week high of $30.31. The stock has a market capitalization of $944.72 million, a price-to-earnings ratio of -41.31 and a beta of 1.59. The business has a fifty day simple moving average of $25.09 and a 200 day simple moving average of $23.34. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.98.
Ryerson (NYSE:RYI – Get Free Report) last announced its quarterly earnings results on Tuesday, October 28th. The basic materials company reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.49). Ryerson had a negative net margin of 0.51% and a negative return on equity of 2.73%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. Ryerson has set its Q4 2025 guidance at -0.280–0.220 EPS. As a group, research analysts expect that Ryerson Holding Corporation will post 1.2 EPS for the current fiscal year.
Ryerson Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were given a dividend of $0.1875 per share. The ex-dividend date was Thursday, December 4th. This represents a $0.75 dividend on an annualized basis and a yield of 2.6%. Ryerson’s payout ratio is -105.63%.
Institutional Investors Weigh In On Ryerson
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. SummerHaven Investment Management LLC raised its holdings in shares of Ryerson by 1.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 42,719 shares of the basic materials company’s stock worth $921,000 after acquiring an additional 629 shares during the period. CWM LLC increased its holdings in Ryerson by 97.7% in the 2nd quarter. CWM LLC now owns 1,866 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 922 shares during the last quarter. Allianz Asset Management GmbH raised its position in Ryerson by 14.3% in the second quarter. Allianz Asset Management GmbH now owns 232,399 shares of the basic materials company’s stock valued at $5,013,000 after purchasing an additional 29,101 shares during the period. Teacher Retirement System of Texas lifted its stake in Ryerson by 61.3% during the second quarter. Teacher Retirement System of Texas now owns 38,746 shares of the basic materials company’s stock worth $836,000 after purchasing an additional 14,725 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Ryerson by 0.9% during the second quarter. Geode Capital Management LLC now owns 644,892 shares of the basic materials company’s stock worth $13,912,000 after buying an additional 6,000 shares during the period. Hedge funds and other institutional investors own 94.81% of the company’s stock.
Analyst Ratings Changes
A number of analysts recently weighed in on RYI shares. Zacks Research raised shares of Ryerson to a “hold” rating in a research report on Wednesday, January 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Ryerson in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $25.00.
Check Out Our Latest Report on Ryerson
About Ryerson
Ryerson, Inc is a North American metals distributor and processor serving a broad range of industrial and manufacturing end markets. Headquartered in Chicago, Illinois, the company supplies carbon steels, stainless alloys, aluminum, brass and copper products to customers across the United States, Canada and Mexico. Through its extensive branch network, Ryerson provides just-in-time delivery and comprehensive inventory management solutions to support complex production schedules and tight lead-time requirements.
In addition to raw material distribution, Ryerson offers a suite of value-added processing services, including laser and plasma cutting, plate burning, sawing, shearing, forming, drilling and welding.