Brandywine Global Investment Management LLC raised its stake in Ryerson Holding Corporation (NYSE:RYI – Free Report) by 20.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 139,180 shares of the basic materials company’s stock after acquiring an additional 23,230 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Ryerson were worth $3,002,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Allianz Asset Management GmbH boosted its position in Ryerson by 23.7% during the first quarter. Allianz Asset Management GmbH now owns 203,298 shares of the basic materials company’s stock worth $4,668,000 after acquiring an additional 38,911 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Ryerson during the 1st quarter valued at about $586,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Ryerson by 17.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,190,988 shares of the basic materials company’s stock worth $27,345,000 after acquiring an additional 176,878 shares during the period. Nuveen LLC purchased a new position in Ryerson during the first quarter worth approximately $2,243,000. Finally, American Century Companies Inc. boosted its holdings in Ryerson by 8.3% in the first quarter. American Century Companies Inc. now owns 1,007,359 shares of the basic materials company’s stock valued at $23,129,000 after acquiring an additional 76,920 shares during the last quarter. 94.81% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ryerson in a research report on Wednesday, November 19th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $25.00.
Ryerson Trading Down 0.1%
RYI opened at $21.50 on Tuesday. The firm has a market capitalization of $692.55 million, a P/E ratio of -30.28 and a beta of 1.79. The firm’s 50 day moving average is $22.17 and its 200-day moving average is $22.04. The company has a quick ratio of 0.95, a current ratio of 1.98 and a debt-to-equity ratio of 0.62. Ryerson Holding Corporation has a 52-week low of $17.18 and a 52-week high of $27.41.
Ryerson (NYSE:RYI – Get Free Report) last released its quarterly earnings results on Tuesday, October 28th. The basic materials company reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.49). Ryerson had a negative return on equity of 2.73% and a negative net margin of 0.51%.The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Ryerson has set its Q4 2025 guidance at -0.280–0.220 EPS. Analysts expect that Ryerson Holding Corporation will post 1.2 EPS for the current fiscal year.
Ryerson Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Thursday, December 4th. Ryerson’s dividend payout ratio (DPR) is -105.63%.
Ryerson Company Profile
Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States and internationally. It offers a line of products in carbon steel, stainless steel, alloy steels, and aluminum, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing.
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