William Blair Investment Management LLC Sells 489,636 Shares of Ryerson Holding Corporation $RYI

Key Points

• William Blair Investment Management LLC significantly reduced its stake in Ryerson Holding Corporation by 59.6%, selling 489,636 shares and holding 331,475 shares valued at $7.15 million.
• Ryerson reported earnings of $0.08 per share in its recent quarterly results, falling short of analysts' expectations of $0.17, while the company’s revenue matched forecasts at $1.17 billion.
• The firm declared a quarterly dividend of $0.1875 per share with an annualized dividend yield of 3.3%, despite a payout ratio of -166.67%.

William Blair Investment Management LLC reduced its position in shares of Ryerson Holding Corporation (NYSE:RYI - Free Report) by 59.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 331,475 shares of the basic materials company's stock after selling 489,636 shares during the period. William Blair Investment Management LLC owned about 1.03% of Ryerson worth $7,150,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its holdings in Ryerson by 10.4% during the 1st 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 last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Ryerson in the first quarter worth about $586,000. SG Americas Securities LLC bought a new position in shares of Ryerson in the first quarter worth about $286,000. Grace & White Inc. NY raised its stake in shares of Ryerson by 45.2% in the first quarter. Grace & White Inc. NY now owns 86,367 shares of the basic materials company's stock worth $1,983,000 after acquiring an additional 26,867 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Ryerson in the first quarter worth about $2,243,000. 94.81% of the stock is owned by institutional investors.

Ryerson Trading Up 1.4%

RYI opened at $23.06 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.03 and a quick ratio of 1.00. The company has a market cap of $742.50 million, a price-to-earnings ratio of -51.24 and a beta of 1.66. The firm has a 50 day simple moving average of $22.74 and a 200 day simple moving average of $22.14. Ryerson Holding Corporation has a fifty-two week low of $17.18 and a fifty-two week high of $27.41.

Ryerson (NYSE:RYI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The basic materials company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.09). The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate 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, sell-side analysts anticipate that Ryerson Holding Corporation will post 1.2 earnings per share for the current year.

Ryerson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Thursday, September 4th. Ryerson's payout ratio is -166.67%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Ryerson in a research note on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Reduce" and an average price target of $25.00.

Insider Buying and Selling at Ryerson

In related news, CAO Molly D. Kannan sold 2,528 shares of the business's stock in a transaction that occurred 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 $522,995.84. The trade was a 9.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.95% of the stock is currently owned by company insiders.

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.

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