Ryerson (NYSE:RYI) Trading 9.9% Higher – Here’s Why

Ryerson Holding Corporation (NYSE:RYI) traded up 9.9% during mid-day trading on Friday . The company traded as high as $25.85 and last traded at $26.2640. 106,747 shares were traded during mid-day trading, a decline of 76% from the average session volume of 436,701 shares. The stock had previously closed at $23.90.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Ryerson in a research report on Monday, December 29th. Zacks Research raised Ryerson to a “hold” rating in a report on Wednesday, January 7th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $25.00.

Ryerson Price Performance

The firm has a market cap of $900.59 million, a price-to-earnings ratio of -15.89 and a beta of 1.58. The company has a current ratio of 1.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The company’s 50-day moving average is $27.37 and its 200-day moving average is $24.15.

Ryerson (NYSE:RYI) last released its earnings results on Thursday, February 19th. The basic materials company reported ($1.01) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.83). Ryerson had a negative return on equity of 6.19% and a negative net margin of 1.23%.The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Ryerson has set its Q4 2025 guidance at -1.180–1.180 EPS. Equities research analysts predict that Ryerson Holding Corporation will post 1.2 earnings per share for the current year.

Ryerson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Thursday, March 5th. Ryerson’s payout ratio is currently -42.61%.

Insider Activity

In other news, CFO James J. Claussen sold 4,972 shares of the stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $30.00, for a total value of $149,160.00. Following the completion of the transaction, the chief financial officer owned 74,284 shares of the company’s stock, valued at approximately $2,228,520. This represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edward J. Lehner sold 59,001 shares of Ryerson stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $30.06, for a total transaction of $1,773,570.06. Following the sale, the chief executive officer directly owned 593,228 shares in the company, valued at $17,832,433.68. This trade represents a 9.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 64,973 shares of company stock valued at $1,952,740. Insiders own 3.95% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. CWM LLC grew its position in Ryerson by 97.7% during the 2nd quarter. CWM LLC now owns 1,866 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 922 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Ryerson by 61.3% during the second quarter. Teacher Retirement System of Texas now owns 38,746 shares of the basic materials company’s stock worth $836,000 after purchasing an additional 14,725 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Ryerson by 0.9% in the second quarter. Geode Capital Management LLC now owns 644,892 shares of the basic materials company’s stock valued at $13,912,000 after buying an additional 6,000 shares during the period. LSV Asset Management raised its holdings in Ryerson by 11.7% in the 2nd quarter. LSV Asset Management now owns 135,170 shares of the basic materials company’s stock valued at $2,916,000 after buying an additional 14,200 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in Ryerson by 2.3% in the 2nd quarter. Empowered Funds LLC now owns 185,871 shares of the basic materials company’s stock valued at $4,009,000 after buying an additional 4,118 shares during the last quarter. 94.81% of the stock is currently owned by institutional investors.

Ryerson Company Profile

Ryerson, Inc is a North American metals distributor and processor serving a broad range of industrial and manufacturing end markets. Headquartered in Chicago, Illinois, the company supplies carbon steels, stainless alloys, aluminum, brass and copper products to customers across the United States, Canada and Mexico. Through its extensive branch network, Ryerson provides just-in-time delivery and comprehensive inventory management solutions to support complex production schedules and tight lead-time requirements.

In addition to raw material distribution, Ryerson offers a suite of value-added processing services, including laser and plasma cutting, plate burning, sawing, shearing, forming, drilling and welding.