Ryerson (NYSE:RYI) Sets New 1-Year High on Analyst Upgrade

Shares of Ryerson Holding Corporation (NYSE:RYI) hit a new 52-week high on Thursday after Zacks Research upgraded the stock to a hold rating. The stock traded as high as $27.46 and last traded at $27.4750, with a volume of 80937 shares changing hands. The stock had previously closed at $26.49.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Ryerson in a research note on Monday, December 29th. Two research 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.com, the stock presently has an average rating of “Reduce” and an average target price of $25.00.

Hedge Funds Weigh In On Ryerson

Several hedge funds and other institutional investors have recently made changes to their positions in RYI. State of Alaska Department of Revenue purchased a new stake in shares of Ryerson in the 3rd quarter valued at approximately $30,000. CWM LLC raised its stake in 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 period. New York State Teachers Retirement System purchased a new stake in shares of Ryerson in the third quarter valued at $56,000. AlphaQuest LLC boosted its position 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 period. Finally, Tower Research Capital LLC TRC boosted its position in shares of Ryerson by 157.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,936 shares of the basic materials company’s stock worth $85,000 after buying an additional 2,405 shares during the period. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Ryerson Trading Up 2.9%

The company’s 50 day simple moving average is $23.56 and its two-hundred day simple moving average is $22.90. The stock has a market cap of $910.51 million, a price-to-earnings ratio of -39.81 and a beta of 1.59. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.98.

Ryerson (NYSE:RYI) last announced its quarterly earnings results on Tuesday, October 28th. The basic materials company reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.49). The company had revenue of $1.16 billion during 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. Research analysts expect that Ryerson Holding Corporation will post 1.2 EPS for the current fiscal year.

Ryerson Announces Dividend

The firm also recently announced 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. This represents a $0.75 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Thursday, December 4th. Ryerson’s payout ratio is -105.63%.

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.