Invenomic Capital Management LP Takes Position in Ryerson Holding Corporation $RYI

Invenomic Capital Management LP bought a new position in shares of Ryerson Holding Corporation (NYSE:RYI) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 176,376 shares of the basic materials company’s stock, valued at approximately $4,032,000.

A number of other hedge funds also recently modified their holdings of the stock. Geode Capital Management LLC raised its stake in Ryerson by 0.9% in the second quarter. Geode Capital Management LLC now owns 644,892 shares of the basic materials company’s stock valued at $13,912,000 after purchasing an additional 6,000 shares in the last quarter. LSV Asset Management grew its stake in Ryerson by 11.7% during the second quarter. LSV Asset Management now owns 135,170 shares of the basic materials company’s stock worth $2,916,000 after buying an additional 14,200 shares in the last quarter. Empowered Funds LLC grew its stake in Ryerson by 2.3% during the second quarter. Empowered Funds LLC now owns 185,871 shares of the basic materials company’s stock worth $4,009,000 after buying an additional 4,118 shares in the last quarter. Brandywine Global Investment Management LLC increased its holdings in Ryerson by 20.0% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 139,180 shares of the basic materials company’s stock valued at $3,002,000 after buying an additional 23,230 shares during the period. Finally, American Century Companies Inc. increased its holdings in Ryerson by 9.2% in the 2nd quarter. American Century Companies Inc. now owns 1,100,433 shares of the basic materials company’s stock valued at $23,736,000 after buying an additional 93,074 shares during the period. Institutional investors own 94.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RYI. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ryerson in a report on Monday, December 29th. Zacks Research raised shares of Ryerson to a “hold” rating in a research note on Wednesday, January 7th. Finally, BMO Capital Markets boosted their price objective on shares of Ryerson from $29.00 to $31.00 and gave the company a “market perform” rating in a research report on Monday, February 23rd. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Ryerson presently has a consensus rating of “Reduce” and a consensus price target of $31.00.

Insider Buying and Selling

In other Ryerson news, CFO James J. Claussen sold 4,972 shares of the business’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $30.00, for a total transaction of $149,160.00. Following the sale, the chief financial officer owned 74,284 shares of the company’s stock, valued at approximately $2,228,520. The trade was a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Edward J. Lehner sold 59,001 shares of the company’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $30.06, for a total transaction of $1,773,570.06. Following the transaction, the chief executive officer owned 593,228 shares of the company’s stock, valued at $17,832,433.68. This trade represents a 9.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 64,973 shares of company stock valued at $1,952,740. 3.95% of the stock is owned by corporate insiders.

Ryerson Stock Performance

NYSE:RYI opened at $28.17 on Tuesday. Ryerson Holding Corporation has a twelve month low of $19.02 and a twelve month high of $30.90. 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 stock’s 50-day simple moving average is $28.19 and its 200 day simple moving average is $24.86. The firm has a market capitalization of $907.19 million, a PE ratio of -16.00 and a beta of 1.58.

Ryerson (NYSE:RYI) last issued its earnings results on Thursday, February 19th. The basic materials company reported ($1.01) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.83). The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Ryerson had a negative return on equity of 6.19% and a negative net margin of 1.23%.Ryerson has set its Q4 2025 guidance at -1.180–1.180 EPS. On average, analysts anticipate that Ryerson Holding Corporation will post 1.2 EPS for the current fiscal year.

Ryerson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, March 5th will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Thursday, March 5th. Ryerson’s dividend payout ratio is currently -42.61%.

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.