Thrivent Financial for Lutherans Has $646,000 Position in Radius Recycling, Inc. (NASDAQ:RDUS)

Thrivent Financial for Lutherans cut its position in Radius Recycling, Inc. (NASDAQ:RDUS) by 16.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,808 shares of the basic materials company’s stock after selling 6,897 shares during the quarter. Thrivent Financial for Lutherans owned 0.12% of Radius Recycling worth $646,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in RDUS. Vanguard Group Inc. grew its holdings in shares of Radius Recycling by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 2,622,968 shares of the basic materials company’s stock valued at $55,423,000 after purchasing an additional 23,199 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new stake in shares of Radius Recycling during the 1st quarter valued at approximately $251,000. Janus Henderson Group PLC bought a new stake in shares of Radius Recycling during the 1st quarter valued at approximately $242,000. California State Teachers Retirement System bought a new stake in shares of Radius Recycling during the 1st quarter valued at approximately $555,000. Finally, Boston Partners bought a new stake in shares of Radius Recycling during the 1st quarter valued at approximately $279,000. 78.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RDUS. The Goldman Sachs Group began coverage on shares of Radius Recycling in a report on Monday. They set a “neutral” rating and a $22.00 price target on the stock. StockNews.com raised shares of Radius Recycling from a “sell” rating to a “hold” rating in a report on Wednesday.

Insiders Place Their Bets

In other news, SVP Steven Heiskell sold 17,675 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $17.08, for a total value of $301,889.00. Following the transaction, the senior vice president now owns 133,780 shares in the company, valued at approximately $2,284,962.40. The trade was a 11.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.70% of the company’s stock.

Radius Recycling Trading Up 3.9 %

RDUS opened at $20.60 on Thursday. Radius Recycling, Inc. has a fifty-two week low of $12.69 and a fifty-two week high of $31.70. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.92 and a quick ratio of 1.00. The firm has a market capitalization of $577.62 million, a price-to-earnings ratio of -2.20 and a beta of 1.59. The company’s 50 day moving average price is $18.38 and its two-hundred day moving average price is $16.78.

Radius Recycling (NASDAQ:RDUS) last posted its earnings results on Thursday, October 24th. The basic materials company reported ($0.41) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.18. Radius Recycling had a negative net margin of 9.73% and a negative return on equity of 9.83%. The firm had revenue of $771.00 million for the quarter, compared to analyst estimates of $680.80 million. During the same period in the previous year, the firm posted $0.47 EPS. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, research analysts predict that Radius Recycling, Inc. will post -1.02 earnings per share for the current year.

Radius Recycling Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date was Tuesday, November 12th. Radius Recycling’s payout ratio is -8.01%.

About Radius Recycling

Radius Recycling, Inc recycles ferrous and nonferrous metal, and manufactures finished steel products worldwide. The company acquires, processes, and recycles salvaged vehicles, rail cars, home appliances, industrial machinery, manufacturing scrap, and construction and demolition scrap. It offers recycled ferrous metal, a feedstock used in the production of finished steel products; and nonferrous products, including mixed metal joint products recovered from the shredding process, such as zorba, zurik, aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys.