Janney Montgomery Scott LLC reduced its position in Ryerson Holding Corporation (NYSE:RYI – Free Report) by 36.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,120 shares of the basic materials company’s stock after selling 5,807 shares during the period. Janney Montgomery Scott LLC’s holdings in Ryerson were worth $218,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. SummerHaven Investment Management LLC increased its position in Ryerson by 1.5% in the 2nd quarter. SummerHaven Investment Management LLC now owns 42,719 shares of the basic materials company’s stock worth $921,000 after purchasing an additional 629 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Ryerson by 12.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 10,199 shares of the basic materials company’s stock valued at $220,000 after acquiring an additional 1,164 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Ryerson by 5.4% in the 2nd quarter. Wedge Capital Management L L P NC now owns 47,529 shares of the basic materials company’s stock valued at $1,025,000 after acquiring an additional 2,415 shares in the last quarter. State of Wyoming raised its stake in shares of Ryerson by 33.1% in the 1st quarter. State of Wyoming now owns 18,622 shares of the basic materials company’s stock valued at $428,000 after acquiring an additional 4,632 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in shares of Ryerson by 35.3% in the 1st quarter. Teacher Retirement System of Texas now owns 24,021 shares of the basic materials company’s stock valued at $552,000 after acquiring an additional 6,273 shares in the last quarter. 94.81% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Ryerson in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Ryerson currently has an average rating of “Reduce” and a consensus target price of $25.00.
Ryerson Stock Performance
RYI opened at $23.06 on Tuesday. The firm has a market capitalization of $742.50 million, a P/E ratio of -51.24 and a beta of 1.66. The stock’s 50 day moving average price is $22.74 and its two-hundred day moving average price is $22.14. The company has a quick ratio of 1.00, a current ratio of 2.03 and a debt-to-equity ratio of 0.62. Ryerson Holding Corporation has a 12-month low of $17.18 and a 12-month high of $27.41.
Ryerson (NYSE:RYI – Get Free Report) last released its earnings results on Tuesday, July 29th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.09). The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.17 billion. Ryerson had a negative net margin of 0.33% and a negative return on equity of 1.72%. Ryerson has set its Q3 2025 guidance at 0.000-0.060 EPS. On average, equities analysts forecast that Ryerson Holding Corporation will post 1.2 earnings per share for the current year.
Ryerson Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued a $0.1875 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $0.75 dividend on an annualized basis and a yield of 3.3%. Ryerson’s dividend payout ratio (DPR) is -166.67%.
Insider Transactions at Ryerson
In other Ryerson news, CAO Molly D. Kannan sold 2,528 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $22.24, for a total value of $56,222.72. Following the sale, the chief accounting officer owned 23,516 shares of the company’s stock, valued at $522,995.84. This trade represents a 9.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.95% of the stock is owned by company insiders.
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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