Invesco Ltd. Sells 12,204 Shares of Ryerson Holding Corporation $RYI

Key Points

• Invesco Ltd. has reduced its stake in Ryerson Holding Corporation by 8.3%, owning 134,184 shares worth approximately $3.08 million.
• Wall Street Zen has downgraded Ryerson's stock from a "buy" rating to a "hold" rating, with an average price target of $25.00.
• Ryerson has declared a quarterly dividend of $0.1875 per share, to be paid on September 18th, representing a dividend yield of 3.3%.

Invesco Ltd. cut its position in shares of Ryerson Holding Corporation (NYSE:RYI - Free Report) by 8.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 134,184 shares of the basic materials company's stock after selling 12,204 shares during the quarter. Invesco Ltd. owned 0.42% of Ryerson worth $3,081,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in Ryerson by 17.4% during the 1st 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 purchasing an additional 176,878 shares during the period. Readystate Asset Management LP acquired a new position in shares of Ryerson during the first quarter worth approximately $403,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Ryerson during the first quarter worth approximately $586,000. Allianz Asset Management GmbH increased its position in Ryerson by 23.7% in the 1st quarter. Allianz Asset Management GmbH now owns 203,298 shares of the basic materials company's stock valued at $4,668,000 after acquiring an additional 38,911 shares during the period. Finally, Teacher Retirement System of Texas raised its stake in Ryerson by 35.3% during the 1st quarter. Teacher Retirement System of Texas now owns 24,021 shares of the basic materials company's stock valued at $552,000 after acquiring an additional 6,273 shares in the last quarter. Institutional investors own 94.81% of the company's stock.

Wall Street Analyst Weigh In

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

Ryerson Stock Down 1.0%

NYSE:RYI traded down $0.24 during trading hours on Wednesday, hitting $22.38. 125,229 shares of the stock traded hands, compared to its average volume of 231,738. The firm has a 50 day moving average price of $22.34 and a 200 day moving average price of $22.32. The firm has a market cap of $720.45 million, a price-to-earnings ratio of -49.69 and a beta of 1.64. Ryerson Holding Corporation has a fifty-two week low of $17.18 and a fifty-two week high of $27.41. 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 (NYSE:RYI - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.17 billion. Ryerson has set its Q3 2025 guidance at 0.000-0.060 EPS. Equities research analysts anticipate that Ryerson Holding Corporation will post 1.2 earnings per share for the current year.

Ryerson Dividend Announcement

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 issued 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 3.4%. 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 the company's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $22.24, for a total transaction of $56,222.72. Following the completion of the sale, the chief accounting officer directly owned 23,516 shares of the company's stock, valued at approximately $522,995.84. This represents a 9.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.95% of the company's stock.

Ryerson Company 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.