Victory Capital Management Inc. Reduces Stock Holdings in Ryerson Holding Corporation $RYI

Victory Capital Management Inc. lessened its stake in shares of Ryerson Holding Corporation (NYSE:RYI) by 5.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 988,152 shares of the basic materials company’s stock after selling 51,544 shares during the quarter. Victory Capital Management Inc. owned about 3.07% of Ryerson worth $22,589,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. State of Alaska Department of Revenue acquired a new stake in Ryerson during the 3rd quarter worth $30,000. New York State Teachers Retirement System purchased a new position in shares of Ryerson during the third quarter worth about $56,000. AlphaQuest LLC increased its position in shares of Ryerson by 259,800.0% during the third quarter. AlphaQuest LLC now owns 2,599 shares of the basic materials company’s stock worth $59,000 after purchasing an additional 2,598 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Ryerson by 157.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,936 shares of the basic materials company’s stock valued at $85,000 after purchasing an additional 2,405 shares during the last quarter. Finally, CWM LLC boosted its position in shares of Ryerson by 272.6% in the 3rd quarter. CWM LLC now owns 6,953 shares of the basic materials company’s stock valued at $159,000 after purchasing an additional 5,087 shares during the period. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ryerson Stock Up 0.7%

RYI stock opened at $28.17 on Tuesday. The stock has a market capitalization of $907.19 million, a PE ratio of -16.00 and a beta of 1.58. The company has a fifty day moving average of $27.93 and a 200-day moving average of $24.67. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.98. Ryerson Holding Corporation has a one year low of $19.02 and a one year high of $30.90.

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

Ryerson Announces Dividend

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

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on RYI shares. Weiss Ratings reissued a “sell (d)” rating on shares of Ryerson in a report on Monday, December 29th. BMO Capital Markets raised their price objective on shares of Ryerson from $29.00 to $31.00 and gave the stock a “market perform” rating in a research report on Monday, February 23rd. Finally, Zacks Research upgraded shares of Ryerson to a “hold” rating in a research note on Wednesday, January 7th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Ryerson has an average rating of “Reduce” and an average target price of $31.00.

About Ryerson

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.