Ryerson Holding Corporation $RYI Shares Acquired by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. has increased its stake in Ryerson Holding Corporation by 17.4%, now owning 1,190,988 shares valued at approximately $27.35 million.
• Ryerson's recent earnings report showed an EPS of $0.08, missing analyst estimates of $0.17, while the company also announced a quarterly dividend of $0.1875.
• Analysts have downgraded Ryerson's stock rating from "buy" to "hold," with a current consensus price target of $25.00.

Charles Schwab Investment Management Inc. boosted its position in shares of Ryerson Holding Corporation (NYSE:RYI - Free Report) by 17.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,190,988 shares of the basic materials company's stock after purchasing an additional 176,878 shares during the period. Charles Schwab Investment Management Inc. owned approximately 3.70% of Ryerson worth $27,345,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Ryerson by 7.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 704,448 shares of the basic materials company's stock valued at $13,039,000 after purchasing an additional 49,905 shares in the last quarter. Towle & Co. grew its holdings in Ryerson by 3.3% during the 4th quarter. Towle & Co. now owns 554,868 shares of the basic materials company's stock valued at $10,271,000 after purchasing an additional 17,925 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Ryerson by 12.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 542,433 shares of the basic materials company's stock worth $10,040,000 after acquiring an additional 62,092 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in Ryerson by 1.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 519,307 shares of the basic materials company's stock worth $9,612,000 after acquiring an additional 9,840 shares in the last quarter. Finally, Frontier Capital Management Co. LLC acquired a new position in Ryerson during the 4th quarter worth $6,255,000. 94.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ryerson

In other news, CAO Molly D. Kannan sold 2,528 shares of Ryerson stock in a transaction dated Wednesday, August 20th. The shares were 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 directly owned 23,516 shares of the company's stock, valued at approximately $522,995.84. The trade was a 9.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.95% of the company's stock.

Ryerson Stock Up 4.9%

RYI stock traded up $1.0560 during mid-day trading on Friday, hitting $22.8260. 193,478 shares of the company were exchanged, compared to its average volume of 243,235. The company has a market capitalization of $735.00 million, a PE ratio of -50.72 and a beta of 1.56. 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 twelve month low of $17.18 and a twelve month high of $27.41. The firm has a fifty day simple moving average of $21.99 and a 200 day simple moving average of $22.30.

Ryerson (NYSE:RYI - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.17 billion. Ryerson had a negative return on equity of 1.72% and a negative net margin of 0.33%. Ryerson has set its Q3 2025 guidance at 0.000-0.060 EPS. On average, research analysts forecast that Ryerson Holding Corporation will post 1.2 earnings per share for the current fiscal year.

Ryerson Dividend Announcement

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

Analysts Set New Price Targets

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

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.