Allianz Asset Management GmbH Has $5.01 Million Position in Ryerson Holding Corporation $RYI

Key Points

• Allianz Asset Management GmbH increased its stake in Ryerson Holding Corporation by 14.3%, owning 232,399 shares worth approximately $5.01 million.
• Other institutional investors, such as CWM LLC and Harbor Capital Advisors Inc., have also significantly increased their holdings, demonstrating strong institutional interest in Ryerson.
• Ryerson announced a quarterly dividend of $0.1875 per share, with a total annualized yield of 3.2%, although its dividend payout ratio currently stands at a negative -166.67%.

Allianz Asset Management GmbH boosted its position in Ryerson Holding Corporation (NYSE:RYI - Free Report) by 14.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 232,399 shares of the basic materials company's stock after purchasing an additional 29,101 shares during the period. Allianz Asset Management GmbH owned 0.72% of Ryerson worth $5,013,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC increased its holdings in Ryerson by 97.7% in the 2nd quarter. CWM LLC now owns 1,866 shares of the basic materials company's stock worth $40,000 after purchasing an additional 922 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings 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 in the last quarter. Wedge Capital Management L L P NC increased its holdings in 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 worth $1,025,000 after purchasing an additional 2,415 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Ryerson in the second quarter valued at about $28,377,000. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Ryerson by 12.9% in the second quarter. Harbor Capital Advisors Inc. now owns 10,199 shares of the basic materials company's stock valued at $220,000 after buying an additional 1,164 shares during the period. Institutional investors and hedge funds own 94.81% of the company's stock.

Insider Buying and Selling

In related 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 transaction of $56,222.72. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.95% of the stock is owned by corporate insiders.

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 equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average target price of $25.00.

Ryerson Trading Up 2.8%

Shares of RYI stock opened at $23.60 on Friday. The stock has a market cap of $760.02 million, a price-to-earnings ratio of -52.45 and a beta of 1.66. The stock has a 50-day moving average of $22.80 and a 200-day moving average of $22.17. 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 Holding Corporation has a 1-year low of $17.18 and a 1-year high of $27.41.

Ryerson (NYSE:RYI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The basic materials company reported $0.08 earnings per share for the quarter, missing the consensus estimate 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 company 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, equities research analysts forecast 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 was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a dividend of $0.1875 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $0.75 annualized dividend and a yield of 3.2%. Ryerson's dividend payout ratio (DPR) is currently -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.

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