Large investors are active in Ryerson stock. Point72 DIFC Ltd increased its holdings by 16.7% in Q2, owning 5,835 shares valued at $114,000 after buying 837 additional shares. SG Americas Securities LLC acquired a new investment worth $139,000 in Q1. Zurcher Kantonalbank raised its stake by 41.6%, holding 7,685 shares worth $150,000 after purchasing 2,259 shares. Comerica Bank increased its position by 2,177.4% in Q1, now owning 6,855 shares valued at $230,000 after acquiring 6,554 shares. Point72 Asset Management L.P. raised its stake by 218.7% in Q2, owning 12,749 shares worth $249,000. Overall, 94.81% of Ryerson shares are held by institutional investors and hedge funds.
Ryerson Stock Down 0.7%
RYI stock opened at $19.55. Ryerson’s 52-week range is $17.57 to $36.20. Key financial metrics show a debt-to-equity ratio of 0.59, a quick ratio of 1.11, and a current ratio of 2.38. The market cap is $649.06 million with a price-to-earnings ratio of 7.58, and a beta of 1.56. The 50-day moving average is $19.68, while the 200-day average is $23.50.
Ryerson (NYSE:RYI) reported earnings on July 30, with $0.33 EPS, exceeding expectations of $0.20, and revenue of $1.23 billion. The return on equity was 7.27% and the net margin was 1.31%, compared to $1.06 EPS the previous year.
Ryerson Dividend Announcement
Ryerson announced a quarterly dividend of $0.188, paid on September 19. Shareholders recorded on September 5 received this dividend, resulting in an annualized dividend of $0.75 and a yield of 3.85%. The dividend payout ratio is 29.07%.
Ryerson Profile
Ryerson Holding Corporation processes and distributes industrial metals, including carbon and stainless steel, alloy steels, aluminum, and nickel, in various shapes and forms.
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