Jacobs Levy Equity Management Inc. trimmed its position in Ryerson Holding Corporation (NYSE:RYI - Free Report) by 33.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 363,690 shares of the basic materials company's stock after selling 178,743 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 1.13% of Ryerson worth $8,350,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in 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 worth $27,345,000 after acquiring an additional 176,878 shares during the period. American Century Companies Inc. increased its stake in shares of Ryerson by 8.3% in the first quarter. American Century Companies Inc. now owns 1,007,359 shares of the basic materials company's stock worth $23,129,000 after purchasing an additional 76,920 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of 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 worth $13,039,000 after purchasing an additional 49,905 shares during the last quarter. Towle & Co. boosted its stake 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 during the period. Finally, Northern Trust Corp grew its holdings in Ryerson by 3.7% in the 4th quarter. Northern Trust Corp now owns 300,632 shares of the basic materials company's stock valued at $5,565,000 after buying an additional 10,853 shares during the last quarter. 94.81% of the stock is currently owned by institutional investors and hedge funds.
Ryerson Stock Performance
NYSE RYI traded down $0.14 during trading on Friday, hitting $22.47. The company's stock had a trading volume of 86,290 shares, compared to its average volume of 230,139. Ryerson Holding Corporation has a 52 week low of $17.18 and a 52 week high of $27.41. The firm has a market cap of $723.45 million, a P/E ratio of -49.96 and a beta of 1.64. The firm has a 50 day moving average price of $22.41 and a 200 day moving average price of $22.29. The company has a quick ratio of 1.00, a current ratio of 2.03 and a debt-to-equity ratio of 0.62.
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 (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.09). The company had revenue of $1.17 billion during 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. Equities research analysts forecast that Ryerson Holding Corporation will post 1.2 earnings per share for the current fiscal year.
Ryerson Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.3%. Ryerson's dividend payout ratio is currently -166.67%.
Insider Buying and Selling at Ryerson
In related news, CAO Molly D. Kannan sold 2,528 shares of Ryerson 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 directly owned 23,516 shares of the company's stock, 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 through this hyperlink. Insiders own 3.95% of the company's stock.
About Ryerson
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Free Report)
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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