Geode Capital Management LLC Purchases 6,000 Shares of Ryerson Holding Corporation $RYI

Geode Capital Management LLC grew its position in shares of Ryerson Holding Corporation (NYSE:RYI) by 0.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 644,892 shares of the basic materials company’s stock after acquiring an additional 6,000 shares during the quarter. Geode Capital Management LLC owned about 2.00% of Ryerson worth $13,912,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Nuveen LLC bought a new stake in Ryerson during the 1st quarter valued at $2,243,000. Comerica Bank lifted its position in shares of Ryerson by 81.2% during the 1st quarter. Comerica Bank now owns 95,035 shares of the basic materials company’s stock worth $2,182,000 after buying an additional 42,597 shares in the last quarter. Strs Ohio purchased a new position in Ryerson in the first quarter worth $432,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Ryerson by 17.4% in 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 buying an additional 176,878 shares during the last quarter. Finally, Brandywine Global Investment Management LLC bought a new stake in Ryerson in the first quarter worth about $2,662,000. 94.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ryerson in a research report on Tuesday, November 25th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $25.00.

Ryerson Price Performance

RYI stock opened at $23.25 on Tuesday. The firm has a 50 day moving average of $22.18 and a 200-day moving average of $22.09. The firm has a market capitalization of $748.88 million, a P/E ratio of -32.75 and a beta of 1.65. Ryerson Holding Corporation has a 12 month low of $17.18 and a 12 month high of $27.41. The company has a current ratio of 1.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62.

Ryerson (NYSE:RYI) last posted its 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 during the quarter, compared to analysts’ expectations of $1.16 billion. Ryerson has set its Q4 2025 guidance at -0.280–0.220 EPS. As a group, sell-side analysts predict that Ryerson Holding Corporation will post 1.2 earnings per share for the current fiscal year.

Ryerson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.75 annualized dividend and a yield of 3.2%. Ryerson’s dividend payout ratio (DPR) is currently -105.63%.

Ryerson 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.