Vanguard Group Inc. Has $38.78 Million Stock Holdings in Ryerson Holding Corporation $RYI

Key Points

• Vanguard Group Inc. reduced its stake in Ryerson Holding Corporation by 1.1% in the first quarter, now holding approximately 1,689,217 shares worth about $38.78 million.
• Ryerson reported quarterly earnings of $0.08 per share, falling short of the consensus estimate of $0.17, while revenue remained flat at $1.17 billion.
• The company announced a quarterly dividend of $0.1875 per share, with an annualized yield of 3.3%, despite a negative payout ratio of -166.67%.

Vanguard Group Inc. trimmed its holdings in shares of Ryerson Holding Corporation (NYSE:RYI - Free Report) by 1.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,689,217 shares of the basic materials company's stock after selling 19,120 shares during the period. Vanguard Group Inc. owned 5.25% of Ryerson worth $38,784,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Ryerson by 7.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 704,448 shares of the basic materials company's stock worth $13,039,000 after acquiring an additional 49,905 shares during the last quarter. Towle & Co. grew its stake in Ryerson by 3.3% in the fourth quarter. Towle & Co. now owns 554,868 shares of the basic materials company's stock valued at $10,271,000 after acquiring an additional 17,925 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in Ryerson by 12.9% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 542,433 shares of the basic materials company's stock valued at $10,040,000 after acquiring an additional 62,092 shares during the period. Bridgeway Capital Management LLC boosted its position in shares of Ryerson by 1.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 519,307 shares of the basic materials company's stock worth $9,612,000 after buying an additional 9,840 shares during the period. Finally, Frontier Capital Management Co. LLC acquired a new position in shares of Ryerson during the fourth quarter worth about $6,255,000. 94.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Molly D. Kannan sold 2,528 shares of the business's 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 sale, the chief accounting officer owned 23,516 shares of the company's stock, valued at approximately $522,995.84. The trade was a 9.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.95% of the company's stock.

Ryerson Stock Performance

NYSE:RYI traded up $0.08 on Friday, hitting $22.81. The company's stock had a trading volume of 188,630 shares, compared to its average volume of 211,906. The company has a current ratio of 2.03, a quick ratio of 1.00 and a debt-to-equity ratio of 0.62. The stock has a fifty day moving average of $22.23 and a two-hundred day moving average of $22.31. The firm has a market capitalization of $734.59 million, a P/E ratio of -50.70 and a beta of 1.56. Ryerson Holding Corporation has a one year low of $17.18 and a one year high of $27.41.

Ryerson (NYSE:RYI - Get Free Report) last released 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 business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. Ryerson had a negative net margin of 0.33% and a negative return on equity of 1.72%. Ryerson has set its Q3 2025 guidance at 0.000-0.060 EPS. Research analysts predict that Ryerson Holding Corporation will post 1.2 earnings per share for the current year.

Ryerson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be paid a dividend of $0.1875 per share. The ex-dividend date 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 (DPR) is -166.67%.

Wall Street Analysts Forecast Growth

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