Ryerson (NYSE:RYI) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Ryerson Holding Corporation (NYSE:RYI)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $27.73 and traded as high as $29.65. Ryerson shares last traded at $28.1650, with a volume of 1,166,065 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RYI. BMO Capital Markets upped their target price on Ryerson from $29.00 to $31.00 and gave the stock a “market perform” rating in a research report on Monday, February 23rd. Zacks Research upgraded Ryerson to a “hold” rating in a report on Wednesday, January 7th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ryerson in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $31.00.

Ryerson Price Performance

The company has a market cap of $907.19 million, a price-to-earnings ratio of -16.00 and a beta of 1.58. The company has a current ratio of 1.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average price of $27.80 and a 200 day moving average price of $24.52.

Ryerson (NYSE:RYI) last announced its earnings results on Thursday, February 19th. The basic materials company reported ($1.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.83). Ryerson had a negative return on equity of 6.19% and a negative net margin of 1.23%.The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Ryerson has set its Q4 2025 guidance at -1.180–1.180 EPS. As a group, research analysts expect that Ryerson Holding Corporation will post 1.2 earnings per share for the current fiscal year.

Ryerson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, March 5th will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Thursday, March 5th. Ryerson’s dividend payout ratio is -42.61%.

Insider Buying and Selling

In other Ryerson news, CEO Edward J. Lehner sold 59,001 shares of Ryerson stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $30.06, for a total transaction of $1,773,570.06. Following the transaction, the chief executive officer directly owned 593,228 shares in the company, valued at approximately $17,832,433.68. The trade was a 9.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO James J. Claussen sold 4,972 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $30.00, for a total value of $149,160.00. Following the completion of the sale, the chief financial officer directly owned 74,284 shares of the company’s stock, valued at approximately $2,228,520. This trade represents a 6.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 64,973 shares of company stock valued at $1,952,740 in the last ninety days. Company insiders own 3.95% of the company’s stock.

Institutional Trading of Ryerson

A number of hedge funds have recently made changes to their positions in the stock. Parkside Financial Bank & Trust acquired a new position in Ryerson in the 4th quarter valued at approximately $25,000. State of Alaska Department of Revenue acquired a new stake in shares of Ryerson during the 3rd quarter valued at $30,000. Kemnay Advisory Services Inc. purchased a new position in shares of Ryerson during the 4th quarter valued at $40,000. CWM LLC increased its stake in shares of Ryerson by 97.7% in the second quarter. CWM LLC now owns 1,866 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 922 shares during the last quarter. Finally, New York State Teachers Retirement System purchased a new stake in shares of Ryerson during the third quarter worth $56,000. 94.81% of the stock is owned by hedge funds and other institutional investors.

Ryerson Company Profile

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.