Bridgeway Capital Management LLC Reduces Position in 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 cut its holdings in Ryerson Holding Corporation (NYSE:RYI - Free Report) by 24.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 391,449 shares of the basic materials company's stock after selling 127,858 shares during the quarter. Bridgeway Capital Management LLC owned approximately 1.22% of Ryerson worth $8,988,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Frontier Capital Management Co. LLC purchased a new position in shares of Ryerson during the fourth quarter valued at approximately $6,255,000. Charles Schwab Investment Management Inc. raised its stake in 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 valued at $27,345,000 after buying an additional 176,878 shares during the last quarter. Brandywine Global Investment Management LLC bought a new stake in Ryerson in the first quarter worth $2,662,000. Nuveen LLC purchased a new stake in shares of Ryerson in the first quarter worth $2,243,000. Finally, American Century Companies Inc. increased its holdings in shares of Ryerson by 8.3% during the first quarter. American Century Companies Inc. now owns 1,007,359 shares of the basic materials company's stock valued at $23,129,000 after acquiring an additional 76,920 shares in the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.

Ryerson Stock Down 3.5%

Shares of RYI traded down $0.80 during trading hours on Tuesday, hitting $22.06. The company had a trading volume of 96,270 shares, compared to its average volume of 230,920. The stock has a market capitalization of $710.31 million, a price-to-earnings ratio of -49.02 and a beta of 1.64. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 2.03. Ryerson Holding Corporation has a 52-week low of $17.18 and a 52-week high of $27.41. The firm has a fifty day moving average price of $22.46 and a 200-day moving average price of $22.31.

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 the consensus estimate 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 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. On average, equities research analysts forecast that Ryerson Holding Corporation will post 1.2 EPS for the current fiscal year.

Ryerson Dividend Announcement

The firm 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 dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 3.4%. The ex-dividend date is Thursday, September 4th. Ryerson's dividend payout ratio (DPR) is currently -166.67%.

Insider Activity at Ryerson

In other news, CAO Molly D. Kannan sold 2,528 shares of the business's stock in a transaction 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 completion of the transaction, the chief accounting officer owned 23,516 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this link. Insiders own 3.95% of the company's stock.

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.