Michael Burbach Acquires 4,000 Shares of Ryerson Holding Co. (NYSE:RYI) Stock

Ryerson Holding Co. (NYSE:RYI) COO Michael Burbach acquired 4,000 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was acquired at an average cost of $23.75 per share, with a total value of $95,000.00. Following the transaction, the chief operating officer now directly owns 226,263 shares of the company’s stock, valued at $5,373,746.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ryerson Price Performance

RYI opened at $22.84 on Friday. The company has a fifty day simple moving average of $31.54 and a 200 day simple moving average of $31.60. The firm has a market cap of $784.33 million, a price-to-earnings ratio of 8.85 and a beta of 1.69. Ryerson Holding Co. has a twelve month low of $22.32 and a twelve month high of $44.70. The company has a current ratio of 2.09, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55.

Ryerson (NYSE:RYI) last released its quarterly earnings results on Wednesday, February 21st. The basic materials company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.49. Ryerson had a net margin of 1.84% and a return on equity of 10.27%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the business earned ($0.65) EPS.

Ryerson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be paid a dividend of $0.188 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.75 dividend on an annualized basis and a yield of 3.29%. Ryerson’s dividend payout ratio (DPR) is 29.07%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC boosted its stake in Ryerson by 9.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 78,014 shares of the basic materials company’s stock valued at $2,613,000 after acquiring an additional 6,443 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Ryerson by 3.7% during the 1st quarter. BNP Paribas Financial Markets now owns 46,135 shares of the basic materials company’s stock valued at $1,546,000 after acquiring an additional 1,647 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Ryerson by 72.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 13,600 shares of the basic materials company’s stock valued at $456,000 after acquiring an additional 5,703 shares during the last quarter. Denali Advisors LLC boosted its stake in Ryerson by 10.5% during the 1st quarter. Denali Advisors LLC now owns 159,186 shares of the basic materials company’s stock valued at $5,333,000 after acquiring an additional 15,151 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in shares of Ryerson by 5.0% in the 1st quarter. Los Angeles Capital Management LLC now owns 7,491 shares of the basic materials company’s stock worth $251,000 after buying an additional 355 shares during the last quarter. 94.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RYI has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Ryerson from a “buy” rating to a “hold” rating in a report on Friday. BMO Capital Markets lowered their price target on shares of Ryerson from $33.00 to $28.00 and set a “market perform” rating for the company in a report on Thursday.

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.