Empowered Funds LLC Decreases Stock Position in Ryerson Holding Corporation $RYI

Key Points

• Empowered Funds LLC reduced its stake in Ryerson Holding Corporation by 10.3%, now owning approximately 181,753 shares, valued at $4,173,000.
• Despite Empowered Funds LLC's reduction, other institutional investors have increased their stakes, with State of Wyoming leading with a 33.1% increase in ownership during the first quarter.
• Ryerson recently announced a quarterly dividend of $0.1875 per share, representing a 3.3% annual yield, although the payout ratio is currently at -166.67%.

Empowered Funds LLC trimmed its position in shares of Ryerson Holding Corporation (NYSE:RYI - Free Report) by 10.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 181,753 shares of the basic materials company's stock after selling 20,854 shares during the quarter. Empowered Funds LLC owned 0.56% of Ryerson worth $4,173,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of RYI. Deutsche Bank AG grew its holdings in Ryerson by 74.3% during the fourth quarter. Deutsche Bank AG now owns 29,090 shares of the basic materials company's stock valued at $538,000 after purchasing an additional 12,403 shares during the period. Janney Montgomery Scott LLC grew its holdings in Ryerson by 10.4% during the first quarter. Janney Montgomery Scott LLC now owns 15,927 shares of the basic materials company's stock valued at $366,000 after purchasing an additional 1,495 shares during the period. GAMMA Investing LLC grew its holdings in Ryerson by 2,147.9% during the first quarter. GAMMA Investing LLC now owns 27,896 shares of the basic materials company's stock valued at $640,000 after purchasing an additional 26,655 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Ryerson during the first quarter valued at $586,000. Finally, SG Americas Securities LLC bought a new position in Ryerson during the first quarter valued at $286,000. 94.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ryerson

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 sale, the chief accounting officer 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 document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.95% of the company's stock.

Ryerson Stock Performance

NYSE RYI traded up $0.36 on Thursday, hitting $23.12. 66,809 shares of the stock traded hands, compared to its average volume of 229,525. Ryerson Holding Corporation has a 12 month low of $17.18 and a 12 month high of $27.41. The business's fifty day moving average is $22.39 and its two-hundred day moving average is $22.23. 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 firm has a market capitalization of $744.30 million, a price-to-earnings ratio of -51.38 and a beta of 1.64.

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 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 the consensus estimate 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 EPS for the current fiscal year.

Ryerson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $0.75 annualized dividend and a yield of 3.2%. Ryerson's dividend payout ratio (DPR) is currently -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.