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Ryerson Holding Co. (NYSE:RYI - Get Rating) saw a significant decrease in short interest in the month of August. As of August 15th, there was short interest totalling 584,800 shares, a decrease of 22.6% from the July 31st total of 755,800 shares. Based on an average daily volume of 324,500 shares, the short-interest ratio is currently 1.8 days. Approximately 2.8% of the company's stock are sold short. Ryerson Stock Performance
Shares of NYSE:RYI traded up $0.90 during midday trading on Friday, reaching $32.42. 235,859 shares of the company's stock traded hands, compared to its average volume of 320,748. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 2.45 and a beta of 1.76. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.00 and a current ratio of 2.15. Ryerson has a one year low of $17.90 and a one year high of $44.09. The stock has a 50 day moving average of $25.27 and a 200 day moving average of $29.56.
Ryerson (NYSE:RYI - Get Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The basic materials company reported $5.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.58 by $0.73. The firm had revenue of $1.74 billion for the quarter. Ryerson had a return on equity of 95.50% and a net margin of 7.82%. As a group, equities research analysts anticipate that Ryerson will post 12.6 EPS for the current fiscal year. Ryerson Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Wednesday, August 31st. This is a boost from Ryerson's previous quarterly dividend of $0.13. Ryerson's dividend payout ratio is 3.77%. Insider Buying and Selling
In other Ryerson news, CEO Edward J. Lehner sold 7,500 shares of the business's stock in a transaction on Friday, August 19th. The stock was sold at an average price of $31.10, for a total value of $233,250.00. Following the sale, the chief executive officer now directly owns 515,776 shares of the company's stock, valued at $16,040,633.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.66% of the stock is owned by insiders. Institutional Trading of Ryerson
A number of hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in Ryerson by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,321,437 shares of the basic materials company's stock valued at $46,279,000 after acquiring an additional 32,746 shares during the last quarter. State Street Corp increased its position in Ryerson by 31.3% during the second quarter. State Street Corp now owns 1,215,294 shares of the basic materials company's stock valued at $25,874,000 after acquiring an additional 289,773 shares during the last quarter. Vanguard Group Inc. increased its position in Ryerson by 2.5% in the first quarter. Vanguard Group Inc. now owns 855,308 shares of the basic materials company's stock worth $29,954,000 after buying an additional 20,976 shares in the last quarter. Millennium Management LLC increased its position in Ryerson by 128.4% in the second quarter. Millennium Management LLC now owns 588,135 shares of the basic materials company's stock worth $12,521,000 after buying an additional 330,600 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Ryerson by 377.9% in the second quarter. Goldman Sachs Group Inc. now owns 307,803 shares of the basic materials company's stock worth $6,553,000 after buying an additional 243,398 shares in the last quarter. Hedge funds and other institutional investors own 91.23% of the company's stock. Analyst Upgrades and Downgrades
RYI has been the topic of several analyst reports. BMO Capital Markets reissued an "outperform" rating and issued a $35.00 target price on shares of Ryerson in a report on Monday, August 15th. StockNews.com raised Ryerson from a "buy" rating to a "strong-buy" rating in a report on Friday, August 12th.About Ryerson (Get Rating)
Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States, Canada, Mexico, and China. 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.Featured StoriesGet a free copy of the StockNews.com research report on Ryerson (RYI)Why This Dip in Advanced Auto Parts May be an OpportunityMarketBeat: Week in Review 8/22 - 8/26Institutional Buying Put A Bottom In Marvell Technology Dell Stock Retreats On Weaker Sales, Falls Into Value Terrirtory3 Reasons Dollar General’s Rally Has Legs
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