Ryerson (NYSE:RYI) Sets New 12-Month High – Here’s What Happened

Shares of Ryerson Holding Corporation (NYSE:RYI) hit a new 52-week high during mid-day 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.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Ryerson in a report on Monday, December 29th. Zacks Research raised Ryerson to a “hold” rating in a research report on Wednesday, January 7th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $25.00.

Ryerson Stock Performance

The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.98. The stock has a market capitalization of $924.75 million, a P/E ratio of -40.44 and a beta of 1.59. The business has a 50-day moving average price of $24.20 and a 200 day moving average price of $23.12.

Ryerson (NYSE:RYI) last announced its quarterly earnings data 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). Ryerson had a negative net margin of 0.51% and a negative return on equity of 2.73%. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Ryerson has set its Q4 2025 guidance at -0.280–0.220 EPS. As a group, sell-side analysts forecast that Ryerson Holding Corporation will post 1.2 EPS for the current fiscal year.

Ryerson Announces Dividend

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

Hedge Funds Weigh In On Ryerson

A number of hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new position in Ryerson in the third quarter valued at about $30,000. CWM LLC increased its position in shares of Ryerson by 97.7% during the 2nd quarter. CWM LLC now owns 1,866 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 922 shares during the last quarter. New York State Teachers Retirement System bought a new position in shares of Ryerson in the 3rd quarter worth approximately $56,000. AlphaQuest LLC boosted its holdings in shares of Ryerson by 259,800.0% in the third quarter. AlphaQuest LLC now owns 2,599 shares of the basic materials company’s stock worth $59,000 after buying an additional 2,598 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Ryerson by 157.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,936 shares of the basic materials company’s stock worth $85,000 after acquiring an additional 2,405 shares during the last quarter. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

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.