JB Capital Partners LP Acquires Shares of 2,839,059 Ryerson Holding $RYZ

JB Capital Partners LP bought a new stake in Ryerson Holding (NYSE:RYZ - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,839,059 shares of the company's stock, valued at approximately $69,869,242. Ryerson comprises 0.0% of JB Capital Partners LP's investment portfolio, making the stock its 2nd largest position. JB Capital Partners LP owned 5.47% of Ryerson at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. State of Wyoming bought a new stake in Ryerson in the second quarter worth approximately $185,000. NFJ Investment Group LLC acquired a new position in shares of Ryerson in the second quarter valued at approximately $219,000. Great Lakes Advisors LLC bought a new stake in Ryerson during the 2nd quarter valued at $589,000. Deutsche Bank AG bought a new position in Ryerson in the 2nd quarter worth about $1,273,000. Finally, Robotti Robert purchased a new position in shares of Ryerson in the second quarter worth about $9,102,000. Institutional investors own 94.81% of the company's stock.

Insider Activity at Ryerson

In related news, CAO Molly D. Kannan sold 1,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $30.00, for a total transaction of $30,000.00. Following the completion of the sale, the chief accounting officer owned 24,636 shares in the company, valued at $739,080. This represents a 3.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.58% of the stock is currently owned by company insiders.

Ryerson Stock Performance

RYZ stock traded down $0.15 on Friday, reaching $25.51. The company's stock had a trading volume of 71,775 shares, compared to its average volume of 478,053. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of -20.57 and a beta of 1.65. Ryerson Holding has a 12-month low of $19.34 and a 12-month high of $32.00. The company has a current ratio of 2.21, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. The company has a fifty day moving average price of $27.28.

Ryerson (NYSE:RYZ - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.52 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.01 billion for the quarter. Ryerson has set its Q3 2026 guidance at 0.370-0.400 EPS. As a group, research analysts anticipate that Ryerson Holding will post 1.1 earnings per share for the current fiscal year.

Ryerson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.9%. The ex-dividend date is Thursday, September 3rd. Ryerson's dividend payout ratio (DPR) is currently -60.48%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on RYZ shares. Weiss Ratings reissued a "sell (d+)" rating on shares of Ryerson in a research report on Thursday, June 18th. Zacks Research upgraded shares of Ryerson from a "strong sell" rating to a "hold" rating in a research report on Monday. Finally, Wall Street Zen raised shares of Ryerson from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Reduce".

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.