Alagu Sundarrajan Sells 7,407 Shares of Ryerson Holding Co. (NYSE:RYI) Stock

Ryerson Holding Co. (NYSE:RYI) insider Alagu Sundarrajan sold 7,407 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $32.77, for a total value of $242,727.39. Following the sale, the insider now directly owns 13,077 shares in the company, valued at $428,533.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Alagu Sundarrajan also recently made the following trade(s):

• On Monday, March 25th, Alagu Sundarrajan sold 2,593 shares of Ryerson stock. The shares were sold at an average price of $32.52, for a total value of $84,324.36.

Ryerson Price Performance

Shares of NYSE RYI opened at $32.91 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.18 and a quick ratio of 0.95. The firm’s 50 day simple moving average is $32.84 and its 200-day simple moving average is $31.13. Ryerson Holding Co. has a 12 month low of $26.15 and a 12 month high of $44.70. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 8.09 and a beta of 1.65.

Ryerson (NYSE:RYI) last released its quarterly earnings results on Wednesday, February 21st. The basic materials company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.24 by $0.49. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. Ryerson had a net margin of 2.85% and a return on equity of 16.33%. During the same quarter last year, the business earned ($0.65) earnings per share.

Ryerson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a $0.188 dividend. This is a boost from Ryerson’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.75 dividend on an annualized basis and a yield of 2.29%. Ryerson’s dividend payout ratio is presently 18.43%.

Institutional Trading of Ryerson

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Ryerson by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 2,299,288 shares of the basic materials company’s stock valued at $79,739,000 after buying an additional 66,180 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Ryerson by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,258,261 shares of the basic materials company’s stock valued at $78,318,000 after purchasing an additional 79,139 shares in the last quarter. BlackRock Inc. lifted its holdings in Ryerson by 11.0% during the second quarter. BlackRock Inc. now owns 2,050,617 shares of the basic materials company’s stock valued at $88,956,000 after purchasing an additional 203,805 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Ryerson by 15.0% during the fourth quarter. Franklin Resources Inc. now owns 1,262,776 shares of the basic materials company’s stock worth $43,793,000 after purchasing an additional 164,447 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Ryerson by 1.9% during the third quarter. State Street Corp now owns 1,238,973 shares of the basic materials company’s stock valued at $31,891,000 after acquiring an additional 23,679 shares during the last quarter. 94.81% of the stock is owned by institutional investors and hedge funds.

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.