I was impressed every time I walked into the BMW manufacturing facility in South Carolina.
The combination of robots with humans …
Steel and aluminum.
The company used huge amounts of metal sheets and cylinders to build its X-Series SUVs.
The chart above shows the size of the steel market for aerospace and automobiles.
From 2021 to 2027, the market value will be Rise 37.1%!
If the steel market for these two industries rises, you can bet that this is the case in sectors such as construction, heavy equipment and oil and gas.
Ryerson Holding Corp. (Symbol: RYI)A global distributor of industrial metals, is the power share of today.
RYI processes and distributes steel, stainless steel, aluminum alloy, nickel and copper to industries including aerospace and automotive.
Ryerson Holding Corp shares win “Strong Bull” index 97 out of 100 On our stock power rating system, and we expect it to beat the broad market 3 times in the next 12 months.
RYI stock: Strong foundations + solid momentum
Rierson stock soared in 2022.
- Revenue of $ 1.8 Billion in the First Quarter of 2022 – An increase of 52.4% compared to the same period last year!
- Gross profit increased to 23.5% in the first quarter – meaning the company could make a profit.
RYI illuminates the basic side of the stock power rating system in green, as seen above.
Its price-to-profit ratio tells us it’s a bargain: it does Three times lower From the average in the metal products industry.
The price-to-cash ratio is a similar story: that of Rierson is 1.8. The industry average, however, is 5.3 inflated.
You can see why the RYI stock is earning a 99 On our value index.
its A growth rate of 836.8% in earnings per share after 12 months And a sales growth rate of 74.2% also make it a solid growth stock.
Look at the stock chart above.
After a massive rise, the stock flipped due to the opposing winds in the market and fell 50%. But its upward trend has begun. Since July 5, RYI rose 19.3%!
Over the past 12 months, RYI has risen 72.2%, while its metal products counterparts have risen just 7.7%.
Ryerson Holding Corp 97 in total On our proprietary stock rating system.
That means we are “strong bulls” and expect it to beat the broad market At least three times in the next 12 months.
Heavy industry relies on a strong supply of steel and other metals to build products.
The demand for steel – in space and in cars, in particular – is growing.
Leading in the supply of steel and other metals to these industries, Ryerson Holding Corp. Is a valuable stock and growth for your investment portfolio.
Stay up to date: Manufacturer for new construction boom
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Stay tuned for the next issue, where I will share all the details about a leading company that manufactures copper and aluminum building wires.
Matt Clark, CMSA®
Researcher, Money and Markets Analyst
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RYI Stock: Top Steel Distributor for Value AND Growth Source link RYI Stock: Top Steel Distributor for Value AND Growth