Shares of Ryerson Holding Corporation (NYSE:RYI) have been assigned a consensus rating of “Hold” from the eight research firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $16.33.
A number of research firms have commented on RYI. Zacks Investment Research downgraded shares of Ryerson Holding Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. ValuEngine downgraded shares of Ryerson Holding Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub downgraded shares of Ryerson Holding Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, TheStreet upgraded shares of Ryerson Holding Corporation from a “d” rating to a “c” rating in a research report on Monday, August 7th.
In other Ryerson Holding Corporation news, CEO Edward J. Lehner bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were acquired at an average cost of $8.76 per share, for a total transaction of $43,800.00. Following the acquisition, the chief executive officer now directly owns 115,470 shares of the company’s stock, valued at $1,011,517.20. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael Burbach bought 4,800 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average price of $8.50 per share, for a total transaction of $40,800.00. Following the completion of the acquisition, the insider now directly owns 57,800 shares in the company, valued at $491,300. The disclosure for this purchase can be found here. Insiders purchased a total of 28,330 shares of company stock worth $235,329 over the last quarter. Insiders own 0.76% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in RYI. Trellus Management Company LLC acquired a new stake in Ryerson Holding Corporation during the second quarter worth approximately $138,000. Ameriprise Financial Inc. acquired a new stake in Ryerson Holding Corporation during the second quarter worth approximately $138,000. Rhumbline Advisers increased its stake in Ryerson Holding Corporation by 26.0% in the second quarter. Rhumbline Advisers now owns 18,139 shares of the basic materials company’s stock worth $180,000 after buying an additional 3,740 shares during the last quarter. HighTower Advisors LLC acquired a new stake in Ryerson Holding Corporation during the first quarter worth approximately $192,000. Finally, Wells Fargo & Company MN increased its stake in Ryerson Holding Corporation by 5.8% in the second quarter. Wells Fargo & Company MN now owns 20,343 shares of the basic materials company’s stock worth $202,000 after buying an additional 1,109 shares during the last quarter. Institutional investors and hedge funds own 39.74% of the company’s stock.
Shares of Ryerson Holding Corporation (NYSE:RYI) remained flat at $8.10 during trading on Friday. The company’s stock had a trading volume of 108,526 shares. The firm’s 50-day moving average is $8.66 and its 200-day moving average is $10.24. The firm has a market cap of $301.13 million, a price-to-earnings ratio of 20.10 and a beta of 2.11. Ryerson Holding Corporation has a 52-week low of $7.75 and a 52-week high of $16.85.
Ryerson Holding Corporation (NYSE:RYI) last posted its earnings results on Thursday, August 3rd. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by $0.05. The firm had revenue of $875.40 million for the quarter, compared to analyst estimates of $875.13 million. Ryerson Holding Corporation had a net margin of 0.48% and a negative return on equity of 53.49%. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 earnings per share. Equities analysts expect that Ryerson Holding Corporation will post $1.04 earnings per share for the current year.
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Ryerson Holding Corporation Company Profile
Ryerson Holding Corporation is a service center company for carbon and stainless steel, as well as aluminum. The Company operates through metal service centers segment. In addition to providing a range of flat and long metals products, it offers various value-added processing and fabrication services, such as sawing, slitting, blanking, cutting to length, leveling, flame cutting, laser cutting, edge trimming, edge rolling, roll forming, tube manufacturing, polishing, shearing, forming, stamping, punching, rolling shell plate to radius and beveling to process materials to a specified thickness, length, width, shape and surface quality pursuant to specific customer orders.
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