Ryerson (NYSE:RYI) Hits New 52-Week High – What’s Next?

Ryerson Holding Corporation (NYSE:RYI) hit a new 52-week high during trading on Wednesday . The company traded as high as $28.96 and last traded at $28.8620, with a volume of 7619 shares changing hands. The stock had previously closed at $28.26.

Analysts Set New Price Targets

Several analysts recently issued reports on RYI shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ryerson in a research note on Monday, December 29th. Zacks Research upgraded Ryerson to a “hold” rating in a research report on Wednesday, January 7th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $25.00.

Ryerson Stock Up 0.5%

The firm has a 50-day moving average of $23.85 and a two-hundred day moving average of $23.03. The company has a quick ratio of 0.95, a current ratio of 1.98 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $915.18 million, a PE ratio of -40.20 and a beta of 1.59.

Ryerson (NYSE:RYI) last released its quarterly earnings results on Tuesday, October 28th. The basic materials company reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.49). The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. Ryerson had a negative return on equity of 2.73% and a negative net margin of 0.51%.Ryerson has set its Q4 2025 guidance at -0.280–0.220 EPS. Equities research analysts predict that Ryerson Holding Corporation will post 1.2 earnings per share for the current fiscal year.

Ryerson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were given a $0.1875 dividend. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $0.75 dividend on an annualized basis and a yield of 2.6%. Ryerson’s payout ratio is -105.63%.

Hedge Funds Weigh In On Ryerson

A number of large investors have recently modified their holdings of the business. Strs Ohio purchased a new stake in shares of Ryerson in the first quarter valued at about $432,000. Harbor Capital Advisors Inc. boosted its position in shares of Ryerson by 12.9% in the second quarter. Harbor Capital Advisors Inc. now owns 10,199 shares of the basic materials company’s stock worth $220,000 after acquiring an additional 1,164 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Ryerson during the 2nd quarter valued at $28,377,000. Wedge Capital Management L L P NC increased its stake in Ryerson by 5.4% during the second quarter. Wedge Capital Management L L P NC now owns 47,529 shares of the basic materials company’s stock worth $1,025,000 after acquiring an additional 2,415 shares during the last quarter. Finally, SummerHaven Investment Management LLC raised its holdings in Ryerson by 1.5% in the second quarter. SummerHaven Investment Management LLC now owns 42,719 shares of the basic materials company’s stock valued at $921,000 after buying an additional 629 shares during the period. 94.81% of the stock is owned by hedge funds and other institutional investors.

Ryerson Company Profile

Ryerson, Inc is a North American metals distributor and processor serving a broad range of industrial and manufacturing end markets. Headquartered in Chicago, Illinois, the company supplies carbon steels, stainless alloys, aluminum, brass and copper products to customers across the United States, Canada and Mexico. Through its extensive branch network, Ryerson provides just-in-time delivery and comprehensive inventory management solutions to support complex production schedules and tight lead-time requirements.

In addition to raw material distribution, Ryerson offers a suite of value-added processing services, including laser and plasma cutting, plate burning, sawing, shearing, forming, drilling and welding.