Franklin Resources Inc. Boosts Stock Position in Ryerson Holding Corporation $RYI

Franklin Resources Inc. increased its stake in shares of Ryerson Holding Corporation (NYSE:RYI) by 0.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,860,825 shares of the basic materials company’s stock after buying an additional 6,961 shares during the quarter. Franklin Resources Inc. owned about 0.09% of Ryerson worth $61,708,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC increased its stake in shares of Ryerson by 1.5% in the 2nd quarter. SummerHaven Investment Management LLC now owns 42,719 shares of the basic materials company’s stock worth $921,000 after acquiring an additional 629 shares during the last quarter. CWM LLC boosted 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 acquiring an additional 922 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Ryerson by 12.9% in the second quarter. Harbor Capital Advisors Inc. now owns 10,199 shares of the basic materials company’s stock valued at $220,000 after purchasing an additional 1,164 shares during the period. Wedge Capital Management L L P NC increased its position in Ryerson by 5.4% during the second quarter. Wedge Capital Management L L P NC now owns 47,529 shares of the basic materials company’s stock worth $1,025,000 after purchasing an additional 2,415 shares during the last quarter. Finally, Empowered Funds LLC raised 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 purchasing an additional 4,118 shares during the period. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ryerson Stock Down 0.1%

Shares of NYSE:RYI opened at $21.50 on Tuesday. The company has a market capitalization of $692.55 million, a price-to-earnings ratio of -30.28 and a beta of 1.79. Ryerson Holding Corporation has a 12-month low of $17.18 and a 12-month high of $27.41. The business has a 50-day moving average price of $22.17 and a 200 day moving average price of $22.04. The company has a current ratio of 1.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62.

Ryerson (NYSE:RYI) last announced its earnings results on Tuesday, October 28th. The basic materials company reported ($0.46) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.49). Ryerson had a negative return on equity of 2.73% and a negative net margin of 0.51%.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. Sell-side analysts expect that Ryerson Holding Corporation will post 1.2 EPS for the current year.

Ryerson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 3.5%. The ex-dividend date is Thursday, December 4th. Ryerson’s dividend payout ratio (DPR) is -105.63%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Ryerson in a research note on Wednesday, November 19th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $25.00.

Ryerson Company Profile

Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States and internationally. It offers a line of products in carbon steel, stainless steel, alloy steels, and aluminum, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing.