American Century Companies Inc. Has $23.13 Million Stake in Ryerson Holding Corporation $RYI

Key Points

• American Century Companies Inc. increased its stake in Ryerson Holding Corporation by 8.3%, owning approximately 1,007,359 shares valued at $23.13 million following additional purchases.
• Analysts have downgraded Ryerson's rating from "buy" to "hold", reflecting a cautious outlook with an average price target of $25.00.
• Ryerson recently declared a quarterly dividend of $0.1875 per share, representing a current yield of 3.3%, despite a negative payout ratio of -166.67%.

American Century Companies Inc. boosted its holdings in shares of Ryerson Holding Corporation (NYSE:RYI - Free Report) by 8.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,007,359 shares of the basic materials company's stock after purchasing an additional 76,920 shares during the quarter. American Century Companies Inc. owned about 3.13% of Ryerson worth $23,129,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake in Ryerson by 488.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,688 shares of the basic materials company's stock valued at $68,000 after purchasing an additional 3,061 shares during the period. Brevan Howard Capital Management LP bought a new stake in Ryerson during the 4th quarter valued at approximately $196,000. SG Americas Securities LLC bought a new stake in Ryerson during the 1st quarter valued at approximately $286,000. Price T Rowe Associates Inc. MD boosted its stake in Ryerson by 11.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,455 shares of the basic materials company's stock valued at $305,000 after purchasing an additional 1,734 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in Ryerson by 19.5% during the 4th quarter. Wells Fargo & Company MN now owns 16,821 shares of the basic materials company's stock valued at $311,000 after purchasing an additional 2,749 shares during the period. Institutional investors own 94.81% of the company's stock.

Insiders Place Their Bets

In related news, CAO Molly D. Kannan sold 2,528 shares of the firm's stock in a transaction 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 directly owned 23,516 shares of the company's stock, valued at $522,995.84. This trade represents a 9.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.95% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

Ryerson Price Performance

Shares of RYI traded down $0.21 during mid-day trading on Thursday, reaching $22.59. The company had a trading volume of 52,300 shares, compared to its average volume of 232,390. Ryerson Holding Corporation has a twelve month low of $17.18 and a twelve month high of $27.41. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.03 and a quick ratio of 1.00. The company's 50-day moving average is $22.12 and its 200-day moving average is $22.31. The company has a market capitalization of $727.21 million, a P/E ratio of -50.10 and a beta of 1.56.

Ryerson (NYSE:RYI - Get Free Report) last issued its earnings results on Tuesday, July 29th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.09). Ryerson had a negative return on equity of 1.72% and a negative net margin of 0.33%.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 analysts anticipate that Ryerson Holding Corporation will post 1.2 EPS for the current year.

Ryerson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Thursday, September 4th. Ryerson's dividend payout ratio (DPR) is currently -166.67%.

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.