Cambria Investment Management L.P. Trims Position in Ryerson Holding Corporation $RYI

Cambria Investment Management L.P. decreased its holdings in shares of Ryerson Holding Corporation (NYSE:RYI) by 6.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 296,637 shares of the basic materials company’s stock after selling 20,309 shares during the period. Cambria Investment Management L.P.’s holdings in Ryerson were worth $6,781,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Virtus Investment Advisers LLC increased its stake in Ryerson by 16.5% in the second quarter. Virtus Investment Advisers LLC now owns 8,940 shares of the basic materials company’s stock valued at $193,000 after purchasing an additional 1,269 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in Ryerson in the 3rd quarter valued at about $30,000. Wedge Capital Management L L P NC grew its holdings in Ryerson by 3.2% in the 3rd quarter. Wedge Capital Management L L P NC now owns 49,052 shares of the basic materials company’s stock valued at $1,121,000 after buying an additional 1,523 shares during the period. Tower Research Capital LLC TRC increased 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 valued at $85,000 after acquiring an additional 2,405 shares during the last quarter. Finally, New York State Teachers Retirement System acquired a new position in shares of Ryerson during the 3rd quarter valued at about $56,000. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Ryerson Stock Performance

Shares of NYSE:RYI opened at $28.17 on Thursday. The business has a 50-day moving average of $28.26 and a two-hundred day moving average of $24.92. The firm has a market capitalization of $907.19 million, a PE ratio of -16.00 and a beta of 1.58. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.98 and a quick ratio of 0.95. Ryerson Holding Corporation has a 12 month low of $19.02 and a 12 month high of $30.90.

Ryerson (NYSE:RYI) last released its quarterly earnings data on Thursday, February 19th. The basic materials company reported ($1.01) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.83). Ryerson had a negative net margin of 1.23% and a negative return on equity of 6.19%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Ryerson has set its Q4 2025 guidance at -1.180–1.180 EPS. As a group, research analysts forecast 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 will be paid on Thursday, March 19th. Shareholders 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 of this dividend is Thursday, March 5th. Ryerson’s payout ratio is -42.61%.

Insider Activity at Ryerson

In other news, CFO James J. Claussen sold 4,972 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $30.00, for a total value of $149,160.00. Following the transaction, the chief financial officer owned 74,284 shares of the company’s stock, valued at approximately $2,228,520. This trade represents a 6.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Edward J. Lehner sold 59,001 shares of Ryerson stock in a transaction on Thursday, January 22nd. The shares were 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 in the company, valued at $17,832,433.68. The trade was a 9.05% decrease in their position. 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 insiders.

Analysts Set New Price Targets

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

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.