Bridgeway Capital Management LLC Sells 127,858 Shares of Ryerson Holding Corporation $RYI

Key Points

• Bridgeway Capital Management LLC has reduced its stake in Ryerson Holding Corporation by 24.6%, resulting in ownership of 391,449 shares valued at approximately $8.99 million.
• The company's stock rating has been downgraded from "buy" to "hold" by Wall Street Zen, with an average price target set at $25.00.
• Ryerson recently announced a quarterly dividend of $0.1875 per share, with a dividend yield of 3.3%.

Bridgeway Capital Management LLC reduced its holdings in Ryerson Holding Corporation (NYSE:RYI - Free Report) by 24.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 391,449 shares of the basic materials company's stock after selling 127,858 shares during the period. Bridgeway Capital Management LLC owned about 1.22% of Ryerson worth $8,988,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its stake in Ryerson by 488.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,688 shares of the basic materials company's stock worth $68,000 after acquiring an additional 3,061 shares in the last quarter. Brevan Howard Capital Management LP purchased a new stake in Ryerson in the 4th quarter worth about $196,000. SG Americas Securities LLC purchased a new stake in Ryerson in the 1st quarter worth about $286,000. Janney Montgomery Scott LLC lifted its stake in Ryerson by 10.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 15,927 shares of the basic materials company's stock worth $366,000 after acquiring an additional 1,495 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Ryerson by 11.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,455 shares of the basic materials company's stock worth $305,000 after acquiring an additional 1,734 shares in the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Ryerson news, CAO Molly D. Kannan sold 2,528 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $22.24, for a total transaction of $56,222.72. Following the transaction, the chief accounting officer directly owned 23,516 shares in the company, valued at $522,995.84. This trade represents a 9.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.95% of the stock is currently owned by company insiders.

Ryerson Stock Down 2.7%

Shares of NYSE RYI traded down $0.64 during mid-day trading on Monday, reaching $22.86. The company had a trading volume of 156,468 shares, compared to its average volume of 231,733. 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 quick ratio of 1.00 and a current ratio of 2.03. The stock has a market capitalization of $736.06 million, a PE ratio of -50.80 and a beta of 1.64. The stock's 50 day moving average is $22.44 and its 200-day moving average is $22.32.

Ryerson (NYSE:RYI - Get Free Report) last issued its 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 during the quarter, compared to analysts' expectations of $1.17 billion. Ryerson has set its Q3 2025 guidance at 0.000-0.060 EPS. As a group, equities analysts anticipate that Ryerson Holding Corporation will post 1.2 earnings per share for the current fiscal year.

Ryerson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be paid a $0.1875 dividend. The ex-dividend date is Thursday, September 4th. This represents a $0.75 dividend on an annualized basis and a yield of 3.3%. Ryerson's payout ratio is -166.67%.

About Ryerson

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.