Ryerson (NYSE:RYI) Sets New 12-Month Low – Here’s What Happened

Ryerson Holding Co. (NYSE:RYI)’s share price hit a new 52-week low on Friday . The company traded as low as $17.57 and last traded at $17.65, with a volume of 51894 shares. The stock had previously closed at $17.80.

Ryerson Stock Down 0.4 %

The firm has a market capitalization of $564.33 million, a price-to-earnings ratio of 29.05 and a beta of 1.54. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 2.22. The business’s 50 day moving average is $22.82 and its 200-day moving average is $21.18.

Ryerson (NYSE:RYI) last announced its earnings results on Tuesday, October 29th. The basic materials company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.26). Ryerson had a net margin of 0.46% and a return on equity of 2.66%. The business had revenue of $1.13 billion for the quarter. During the same period last year, the firm posted $1.00 EPS.

Ryerson Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 4.23%. The ex-dividend date was Thursday, December 5th. Ryerson’s payout ratio is presently 122.95%.

Insider Activity

In other news, EVP Mark S. Silver sold 9,000 shares of Ryerson stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $24.56, for a total transaction of $221,040.00. Following the completion of the sale, the executive vice president now owns 107,664 shares in the company, valued at $2,644,227.84. The trade was a 7.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.88% of the company’s stock.

Institutional Trading of Ryerson

A number of institutional investors have recently bought and sold shares of the business. JB Capital Partners LP raised its position in shares of Ryerson by 4.0% in the 3rd quarter. JB Capital Partners LP now owns 2,131,069 shares of the basic materials company’s stock valued at $42,430,000 after acquiring an additional 82,313 shares during the period. State Street Corp raised its stake in Ryerson by 3.2% during the 3rd quarter. State Street Corp now owns 1,411,397 shares of the basic materials company’s stock worth $28,101,000 after buying an additional 43,780 shares during the period. Victory Capital Management Inc. grew its position in shares of Ryerson by 164.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,150,498 shares of the basic materials company’s stock valued at $22,906,000 after purchasing an additional 715,990 shares during the period. Charles Schwab Investment Management Inc. raised its position in Ryerson by 31.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 847,514 shares of the basic materials company’s stock valued at $16,874,000 after buying an additional 203,314 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Ryerson by 14.2% in the second quarter. American Century Companies Inc. now owns 783,631 shares of the basic materials company’s stock worth $15,281,000 after purchasing an additional 97,556 shares in the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ryerson Company Profile

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.