Ryerson (NYSE:RYI) Sets New 1-Year High – Here’s What Happened

Ryerson Holding Corporation (NYSE:RYI)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $30.04 and last traded at $29.7640, with a volume of 134056 shares traded. The stock had previously closed at $28.79.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RYI. Zacks Research upgraded Ryerson to a “hold” rating in a research report on Wednesday, January 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ryerson in a research report on Monday, December 29th. Two research 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 presently has an average rating of “Reduce” and an average price target of $25.00.

Ryerson Stock Performance

The company has a current ratio of 1.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The company has a market cap of $961.44 million, a P/E ratio of -42.04 and a beta of 1.59. The company’s 50-day moving average price is $24.70 and its two-hundred day moving average price is $23.25.

Ryerson (NYSE:RYI) last released its quarterly earnings results on Tuesday, October 28th. The basic materials company reported ($0.46) earnings per share (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 net margin of 0.51% and a negative return on equity of 2.73%. Ryerson has set its Q4 2025 guidance at -0.280–0.220 EPS. As a group, equities analysts forecast that Ryerson Holding Corporation will post 1.2 earnings per share for the current year.

Ryerson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were given a dividend of $0.1875 per share. The ex-dividend date was Thursday, December 4th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.5%. Ryerson’s payout ratio is currently -105.63%.

Hedge Funds Weigh In On Ryerson

A number of large investors have recently modified their holdings of the stock. Brandywine Global Investment Management LLC lifted its stake 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 purchasing an additional 23,230 shares during the last quarter. LSV Asset Management increased its stake in shares of 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 purchasing an additional 14,200 shares during the period. Strs Ohio acquired a new stake in shares of Ryerson during the first quarter worth $432,000. American Century Companies Inc. boosted 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 purchasing an additional 93,074 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Ryerson by 34.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 364,006 shares of the basic materials company’s stock valued at $7,852,000 after buying an additional 94,197 shares during the period. 94.81% of the stock is currently owned by institutional investors and hedge funds.

About Ryerson

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.