Nuveen LLC Acquires Shares of 97,697 Ryerson Holding Corporation $RYI

Key Points

• Nuveen LLC acquired 97,697 shares of Ryerson Holding Corporation for approximately $2.24 million, representing 0.30% ownership in the company.
• Ryerson's stock has been downgraded from a "buy" to a "hold" rating, with a consensus price target set at $25.00.
• The company recently announced a quarterly dividend of $0.1875 per share, translating to an annual yield of 3.3%, despite a negative dividend payout ratio of -166.67%.

Nuveen LLC bought a new position in shares of Ryerson Holding Corporation (NYSE:RYI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 97,697 shares of the basic materials company's stock, valued at approximately $2,243,000. Nuveen LLC owned approximately 0.30% of Ryerson at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Ryerson by 17.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,190,988 shares of the basic materials company's stock worth $27,345,000 after purchasing an additional 176,878 shares in the last quarter. Readystate Asset Management LP acquired a new stake in Ryerson during the 1st quarter worth approximately $403,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Ryerson in the 1st quarter valued at approximately $586,000. Allianz Asset Management GmbH grew its stake in shares of Ryerson by 23.7% in 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 in the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of Ryerson by 35.3% during the first quarter. Teacher Retirement System of Texas now owns 24,021 shares of the basic materials company's stock worth $552,000 after acquiring an additional 6,273 shares during the period. 94.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Molly D. Kannan sold 2,528 shares of the business'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 transaction, the chief accounting officer owned 23,516 shares of the company's stock, valued at approximately $522,995.84. The trade was a 9.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.95% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen cut Ryerson from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $25.00.

Ryerson Stock Performance

Shares of Ryerson stock traded down $0.24 during trading on Wednesday, reaching $22.38. The company's stock had a trading volume of 125,229 shares, compared to its average volume of 231,738. The company has a 50-day moving average price of $22.34 and a two-hundred day moving average price of $22.32. Ryerson Holding Corporation has a fifty-two week low of $17.18 and a fifty-two week high of $27.41. The firm has a market cap of $720.45 million, a PE ratio of -49.69 and a beta of 1.64. The company has a current ratio of 2.03, a quick ratio of 1.00 and a debt-to-equity ratio of 0.62.

Ryerson (NYSE:RYI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The basic materials company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.09). Ryerson had a negative net margin of 0.33% and a negative return on equity of 1.72%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.17 billion. Ryerson has set its Q3 2025 guidance at 0.000-0.060 EPS. On average, analysts forecast that Ryerson Holding Corporation will post 1.2 EPS for the current year.

Ryerson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Thursday, September 4th. Ryerson's dividend payout ratio (DPR) is presently -166.67%.

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.