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Edward J. Lehner, the President and CEO of Ryerson Holding Corp (NYSE:RYI), recently sold a significant portion of his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Lehner sold 10,000 shares of Ryerson Holding’s common stock on March 5, 2025, at a price of $24.79 per share, amounting to a total transaction value of $247,900. The transaction comes as the stock has shown strong momentum, with a 37% gain over the past six months according to InvestingPro data.
Following this transaction, Lehner still holds approximately 593,228 shares directly. The sale reflects part of his ongoing management of his investment in the company, which operates in the wholesale metals service centers and offices sector. While investors often keep a close watch on such insider transactions, InvestingPro data shows the company maintains a "GOOD" Financial Health score and management has been actively buying back shares. For deeper insights into RYI’s valuation and 13 additional exclusive ProTips, subscribers can access the comprehensive Pro Research Report, which provides detailed analysis of the company’s fundamentals and growth prospects.
In other recent news, Ryerson Holding Corporation reported its fourth-quarter results for 2024, aligning with analysts’ adjusted EBITDA predictions and presenting a more optimistic forecast than anticipated. BMO Capital Markets responded by raising its price target for Ryerson Holding to $25, maintaining a Market Perform rating, due to expectations of improved earnings in the first quarter of 2025 and beyond. Additionally, Ryerson Holding has amended its bylaws to align with Delaware law, removing outdated provisions and enhancing shareholder engagement procedures. These changes are aimed at streamlining corporate governance and ensuring compliance with current legal standards. Furthermore, Ryerson Holding has appointed KPMG LLP as its new independent auditor for the fiscal year ending December 31, 2025. This decision follows an evaluation process and will take effect after completing the audit for the year ending December 31, 2024. The transition from Ernst & Young LLP, which had no disagreements with Ryerson, marks a significant shift in the company’s financial oversight.
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