Ryerson (NYSE:RYZ) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Ryerson (NYSE:RYZ) from a buy rating to a hold rating in a research note released on Saturday.

Several other equities analysts also recently issued reports on the stock. Zacks Research downgraded shares of Ryerson from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 24th. KeyCorp started coverage on Ryerson in a research report on Wednesday, March 25th. They set a “sector weight” rating on the stock. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Ryerson in a report on Thursday, June 18th. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Ryerson Stock Down 2.0%

Shares of Ryerson stock opened at $29.02 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.21 and a quick ratio of 1.03. Ryerson has a 52 week low of $19.34 and a 52 week high of $30.90. The company has a 50 day moving average of $27.06. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of -19.60 and a beta of 1.67.

Ryerson (NYSE:RYZ) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.30 earnings per share for the quarter. Ryerson had a negative net margin of 0.93% and a negative return on equity of 3.43%. The business had revenue of $1.57 billion during the quarter. Ryerson has set its Q2 2026 guidance at 0.380-0.420 EPS. As a group, research analysts expect that Ryerson will post 1.1 earnings per share for the current fiscal year.

Ryerson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid a dividend of $0.1875 per share. The ex-dividend date was Thursday, June 4th. This represents a $0.75 dividend on an annualized basis and a yield of 2.6%. Ryerson’s dividend payout ratio is currently -50.68%.

Insider Buying and Selling at Ryerson

In other Ryerson news, CAO Molly D. Kannan sold 3,000 shares of Ryerson stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $28.42, for a total value of $85,260.00. Following the transaction, the chief accounting officer directly owned 25,636 shares in the company, valued at approximately $728,575.12. This trade represents a 10.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark S. Silver sold 11,174 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $27.91, for a total value of $311,866.34. Following the completion of the transaction, the executive vice president directly owned 120,181 shares in the company, valued at approximately $3,354,251.71. The trade was a 8.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 17,674 shares of company stock worth $492,576 over the last three months. 6.58% of the stock is currently owned by insiders.

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.