Ryerson (NYSE:RYZ) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Ryerson (NYSE:RYZ) from a strong sell rating to a hold rating in a research report report published on Monday,Zacks.com reports.

Several other equities analysts also recently issued reports on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Ryerson in a research report on Thursday, June 18th. Wall Street Zen raised shares of Ryerson from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

Ryerson Price Performance

Shares of NYSE:RYZ opened at $24.57 on Monday. The company has a quick ratio of 1.04, a current ratio of 2.21 and a debt-to-equity ratio of 0.73. The company has a fifty day moving average of $27.38. Ryerson has a fifty-two week low of $19.34 and a fifty-two week high of $32.00. The company has a market capitalization of $1.28 billion, a PE ratio of -19.82 and a beta of 1.65.

Ryerson (NYSE:RYZ) last announced its earnings results on Wednesday, July 29th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.12. The business had revenue of $2.01 billion during the quarter. Ryerson had a negative net margin of 0.56% and a negative return on equity of 0.62%. Ryerson has set its Q3 2026 guidance at 0.370-0.400 EPS. Research analysts expect that Ryerson will post 1.1 EPS for the current fiscal year.

Ryerson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.1%. Ryerson’s dividend payout ratio is -60.48%.

Insiders Place Their Bets

In other Ryerson news, EVP Mark S. Silver sold 11,174 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $27.91, for a total value of $311,866.34. Following the transaction, the executive vice president owned 120,181 shares of the company’s stock, valued at approximately $3,354,251.71. This represents a 8.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Molly D. Kannan sold 1,000 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $30.00, for a total value of $30,000.00. Following the completion of the sale, the chief accounting officer directly owned 24,636 shares of the company’s stock, valued at approximately $739,080. This trade represents a 3.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 15,674 shares of company stock valued at $443,126. 6.58% of the stock is owned by insiders.

Institutional Investors Weigh In On Ryerson

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new position in Ryerson in the 2nd quarter worth $66,000. Public Employees Retirement System of Ohio acquired a new position in shares of Ryerson during the second quarter worth about $130,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Ryerson during the second quarter worth about $148,000. State of Wyoming acquired a new stake in Ryerson in the 2nd quarter valued at approximately $185,000. Finally, NFJ Investment Group LLC acquired a new position in Ryerson during the 2nd quarter worth approximately $219,000. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Ryerson Company Profile

Ryerson (NYSE: RYZ) is a U.S.-based metals distributor and processor that supplies a broad range of metal products and value-added services to industrial customers. Its product mix typically includes carbon steel, stainless steel, aluminum and specialty alloys in forms such as sheets, plate, bar, tubing and structural shapes. The company focuses on meeting the material needs of manufacturers, fabricators and other industrial end markets.

Beyond distribution, Ryerson offers processing and finishing services designed to prepare metal for downstream manufacturing.