Ryerson (NYSE:RYZ) Upgraded to Hold at Zacks Research

Key Points

• Zacks Research upgraded Ryerson from “strong sell” to “hold,” although the broader analyst consensus remains “Reduce,” with two Hold ratings and one Sell rating.
• Ryerson reported quarterly EPS of $0.52, beating the $0.40 consensus estimate, on $2.01 billion in revenue; it guided for third-quarter EPS of $0.37–$0.40.
• RYZ shares opened at $24.57, below their 50-day moving average of $27.38. Insiders sold 15,674 shares worth about $443,126 over the past 90 days, while institutional investors own 94.81% of the stock.

Ryerson (NYSE:RYZ - Get Free Report) was upgraded by stock analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued on Monday,Zacks.com reports.

RYZ has been the subject of a number of other reports. Weiss Ratings reissued a "sell (d+)" rating on shares of Ryerson in a report on Thursday, June 18th. Wall Street Zen upgraded Ryerson from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Reduce".

Ryerson Price Performance

Shares of NYSE RYZ opened at $24.57 on Monday. The firm has a 50-day simple moving average of $27.38. The stock has a market capitalization of $1.28 billion, a P/E ratio of -19.82 and a beta of 1.65. Ryerson has a 12-month low of $19.34 and a 12-month high of $32.00. The company has a quick ratio of 1.04, a current ratio of 2.21 and a debt-to-equity ratio of 0.73.

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

Insiders Place Their Bets

In related news, CAO Molly D. Kannan sold 1,000 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $30.00, for a total transaction of $30,000.00. Following the transaction, the chief accounting officer directly owned 24,636 shares in the company, valued at approximately $739,080. This represents a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark S. Silver sold 11,174 shares of the firm's 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 15,674 shares of company stock valued at $443,126. Company insiders own 6.58% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of RYZ. BlackRock Inc. acquired a new stake in shares of Ryerson in the second quarter worth approximately $120,378,000. Platinum Equity Advisors LLC DE acquired a new position in Ryerson during the second quarter worth approximately $96,581,404,000. JB Capital Partners LP purchased a new position in Ryerson during the second quarter worth approximately $69,869,242,000. Donald Smith & CO. Inc. purchased a new position in Ryerson during the second quarter worth approximately $49,036,000. Finally, California State Teachers Retirement System acquired a new position in shares of Ryerson in the 2nd quarter valued at $28,601,000. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

About Ryerson

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.

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