Ryerson (NYSE:RYI) Hits New 52-Week Low at $18.92

Shares of Ryerson Holding Co. (NYSE:RYI) reached a new 52-week low during trading on Friday . The company traded as low as $18.92 and last traded at $18.93, with a volume of 149751 shares traded. The stock had previously closed at $19.89.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. StockNews.com downgraded Ryerson from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. BMO Capital Markets dropped their target price on Ryerson from $33.00 to $28.00 and set a “market perform” rating on the stock in a research report on Thursday, May 2nd.

Ryerson Stock Performance

The company has a current ratio of 2.09, a quick ratio of 0.94 and a debt-to-equity ratio of 0.55. The company has a market cap of $649.03 million, a PE ratio of 7.71 and a beta of 1.61. The firm’s fifty day moving average is $22.46 and its 200 day moving average is $29.38.

Ryerson (NYSE:RYI) last issued its quarterly earnings results on Tuesday, April 30th. The basic materials company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.29 by ($0.47). The firm had revenue of $1.24 billion for the quarter. Ryerson had a return on equity of 10.27% and a net margin of 1.84%.

Ryerson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were given a $0.188 dividend. The ex-dividend date was Thursday, June 6th. This represents a $0.75 annualized dividend and a yield of 3.98%. Ryerson’s payout ratio is 29.07%.

Insider Activity

In related news, COO Michael Burbach bought 4,000 shares of the stock in a transaction on Thursday, May 2nd. The stock was bought at an average price of $23.75 per share, with a total value of $95,000.00. Following the completion of the purchase, the chief operating officer now directly owns 226,263 shares in the company, valued at approximately $5,373,746.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Michael Burbach acquired 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were purchased at an average price of $23.75 per share, for a total transaction of $95,000.00. Following the acquisition, the chief operating officer now owns 226,263 shares of the company’s stock, valued at $5,373,746.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Karen Marie Leggio purchased 2,127 shares of Ryerson stock in a transaction dated Thursday, May 30th. The shares were acquired at an average cost of $23.50 per share, for a total transaction of $49,984.50. Following the transaction, the director now directly owns 2,127 shares of the company’s stock, valued at approximately $49,984.50. The disclosure for this purchase can be found here. 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 RYI. Deutsche Bank AG increased its position in Ryerson by 85.5% during the third quarter. Deutsche Bank AG now owns 15,698 shares of the basic materials company’s stock worth $457,000 after buying an additional 7,236 shares during the period. Hsbc Holdings PLC increased its holdings in shares of Ryerson by 26.7% in the 3rd quarter. Hsbc Holdings PLC now owns 11,541 shares of the basic materials company’s stock valued at $335,000 after acquiring an additional 2,435 shares during the period. Qube Research & Technologies Ltd purchased a new position in Ryerson during the 3rd quarter worth $2,679,000. Quadrature Capital Ltd purchased a new stake in Ryerson in the 3rd quarter valued at approximately $234,000. Finally, AQR Capital Management LLC increased its position in Ryerson by 26.9% during the 3rd quarter. AQR Capital Management LLC now owns 287,189 shares of the basic materials company’s stock worth $8,354,000 after purchasing an additional 60,874 shares during the period. 94.81% of the stock is owned by hedge funds and other institutional investors.

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.