Brandywine Global Investment Management LLC Acquires New Position in Ryerson Holding Corporation $RYI

Key Points

• Brandywine Global Investment Management LLC acquired a new stake in Ryerson Holding Corporation, purchasing 115,950 shares valued at approximately $2.66 million, equating to 0.36% ownership.
• Ryerson Holding recently declared a quarterly dividend of $0.1875 per share, representing an annualized yield of 3.4%, with an ex-dividend date set for September 4th.
• The company reported a negative EPS of $0.08 for the last quarter, missing analysts' expectations, and had a negative net margin of 0.33% along with a market capitalization of $705.45 million.

Brandywine Global Investment Management LLC acquired a new stake in Ryerson Holding Corporation (NYSE:RYI - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 115,950 shares of the basic materials company's stock, valued at approximately $2,662,000. Brandywine Global Investment Management LLC owned approximately 0.36% of Ryerson as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the business. Nuveen LLC purchased a new stake in shares of Ryerson in the 1st quarter valued at $2,243,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Ryerson by 17.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,190,988 shares of the basic materials company's stock valued at $27,345,000 after purchasing an additional 176,878 shares in the last quarter. Readystate Asset Management LP purchased a new stake in shares of Ryerson in the 1st quarter valued at $403,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Ryerson in the 1st quarter valued at $586,000. Finally, Allianz Asset Management GmbH boosted its stake in shares of Ryerson by 23.7% in the 1st quarter. Allianz Asset Management GmbH now owns 203,298 shares of the basic materials company's stock valued at $4,668,000 after purchasing an additional 38,911 shares in the last quarter. Hedge funds and other institutional investors own 94.81% of the company's stock.

Ryerson Trading Up 0.5%

NYSE:RYI opened at $21.91 on Tuesday. The company has a fifty day moving average of $21.91 and a 200 day moving average of $22.30. Ryerson Holding Corporation has a 52 week low of $17.18 and a 52 week high of $27.41. The company has a quick ratio of 1.00, a current ratio of 2.03 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $705.45 million, a P/E ratio of -48.69 and a beta of 1.56.

Ryerson (NYSE:RYI - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.17 billion. On average, research analysts predict that Ryerson Holding Corporation will post 1.2 earnings per share for the current year.

Ryerson Announces Dividend

The company 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 3.4%. The ex-dividend date is Thursday, September 4th. Ryerson's dividend payout ratio is currently -166.67%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Ryerson from a "buy" rating to a "hold" rating in a research note on Friday, May 9th.

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.

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