EVP, GC & Chief HR Officer Mark Silver Sells 10,000 Shares of Ryerson Holding Corp (RYI)
On November 3, 2023, Mark Silver, the Executive Vice President, General Counsel, and Chief Human Resources Officer of Ryerson Holding Corp (NYSE:RYI), sold 10,000 shares of the company. This move comes as part of a series of insider transactions that have taken place over the past year.
Ryerson Holding Corp is a leading processor and distributor of metals, with operations in the United States, Canada, Mexico, and China. The company offers a line of products in stainless steel, aluminum, carbon steel, and alloy steels, as well as nickel and red metals. Ryerson also provides 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 meet the specific requirements of its customers.
Over the past year, Mark Silver has sold a total of 10,000 shares and has not made any purchases. This recent sale by the insider is part of a larger trend within the company. Over the past year, there have been 2 insider buys and 7 insider sells in total.
The relationship between insider transactions and the stock price is often seen as a barometer of the company's health. In the case of Ryerson Holding Corp, the stock was trading at $29.31 per share on the day of the insider's recent sale. This gives the company a market cap of $969.441 million.
The price-earnings ratio of Ryerson Holding Corp is 10.59, which is lower than the industry median of 21.17 and higher than the companys historical median price-earnings ratio. This suggests that the stock is currently trading at a fair value.
The GuruFocus Value of Ryerson Holding Corp is $27.92, giving the stock a price-to-GF-Value ratio of 1.05. This indicates that the stock is fairly valued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples, a GuruFocus adjustment factor, and future estimates of business performance from Morningstar analysts.
The recent sale by the insider may be seen as a strategic move, considering the current valuation of the stock. However, it is always important for investors to consider the broader context of insider transactions, as well as other key financial indicators, when making investment decisions.
As always, it is recommended to conduct thorough research and consider multiple factors when interpreting insider transactions and their potential impact on the stock price.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
