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Ryerson Holding Co. (NYSE: RYI) declared a quarterly dividend on Wednesday, November 3, Zack reports. Investors registered on Monday, November 15 will receive a dividend of 0.085 per share from the commodities company on Thursday, December 16. This represents an annualized dividend of $ 0.34 and a dividend yield of 1.23%. The ex-dividend date is Friday, November 12. This is an increase from Ryerson’s previous quarterly dividend of $ 0.08.
Ryerson has a payout ratio of 8.0%, which means its dividend is sufficiently covered by earnings. Equity research analysts expect Ryerson to earn $ 2.55 per share next year, which means the company should continue to be able to cover its annual dividend of $ 0.32 with an expected future payout rate of 12.5%.
NYSE: RYI open for $ 27.55 Friday. Ryerson has a twelve-month low of $ 7.87 and a twelve-month high of $ 30.05. The company has a quick ratio of 0.90, a current ratio of 1.72, and a debt ratio of 1.96. The company has a 50-day moving average price of $ 23.50 and a two-hundred-day moving average price of $ 18.85. The company has a market cap of $ 1.06 billion, a P / E ratio of 13.25 and a beta of 1.66.
Ryerson (NYSE: RYI) last released its quarterly results on Tuesday, November 2. The basic materials company reported earnings per share of $ 3.25 for the quarter, beating analyst consensus estimates of $ 1.75 by $ 1.50. Ryerson had a return on equity of 34.04% and a net margin of 1.92%. In the same quarter of the previous year, the company posted earnings per share of $ 0.31. As a group, analysts expect Ryerson to post 5 earnings per share for the current fiscal year.
Separately, CAO Molly D. Kannan sold 5,000 shares of the company in a transaction that took place on Tuesday August 17th. The stock was sold at an average price of $ 22.47, for a total trade of $ 112,350.00. The sale was disclosed in a legal file with the SEC, which can be accessed via this link. Company insiders own 2.49% of the company’s shares.
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A hedge fund recently bought a new stake in Ryerson shares. Millennium Management LLC acquired a new position in shares of Ryerson Holding Co. (NYSE: RYI) during the 2nd quarter, according to the company in its latest filing with the Securities and Exchange Commission. The company acquired 42,030 shares of the basic materials company, valued at approximately $ 614,000. Millennium Management LLC owned 0.11% of Ryerson at the end of the most recent reporting period. 92.24% of the shares are held by hedge funds and other institutional investors.
Separately, Zacks investment research upgraded Ryerson from a “hold” rating to a “strong buy” rating and set a price target of $ 26.00 for the company in a research report released on Tuesday, October 19.
Ryerson Company Profile
Ryerson Holding Corp. is dedicated to the processing and distribution of industrial metals. It processes and distributes products in stainless steel, aluminum, carbon steel and alloy steels as well as a limited range of nickel and red metals in various shapes and forms. The company serves end markets including oil and gas, industrial equipment, transportation equipment, heavy equipment and electrical machinery; and also offers value-added processing and manufacturing services such as sawing, slitting, die-cutting, cut-to-length, leveling, flame cutting, laser cutting, edge trimming, edge lamination , profiling, tube making, polishing, shearing, forming, stamping, punching, shell plate radius rolling.
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