40,848 Shares in Ryerson Holding $RYZ Purchased by Legal & General Group Plc

Legal & General Group Plc acquired a new position in shares of Ryerson Holding (NYSE:RYZ - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 40,848 shares of the company's stock, valued at approximately $1,005,000. Legal & General Group Plc owned 0.08% of Ryerson at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of RYZ. Quantbot Technologies LP purchased a new stake in shares of Ryerson in the second quarter worth approximately $66,000. Northwestern Mutual Wealth Management Co. purchased a new position in Ryerson during the second quarter valued at approximately $148,000. State of Wyoming acquired a new position in Ryerson in the 2nd quarter valued at approximately $185,000. NFJ Investment Group LLC acquired a new position in Ryerson in the 2nd quarter valued at approximately $219,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Ryerson in the 2nd quarter worth approximately $298,000. Hedge funds and other institutional investors own 94.81% of the company's stock.

Ryerson Stock Performance

RYZ opened at $26.31 on Tuesday. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of -21.22 and a beta of 1.57. 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 stock has a 50 day moving average of $27.07. Ryerson Holding has a twelve month low of $19.34 and a twelve month high of $32.00.

Ryerson (NYSE:RYZ - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.40 by $0.12. Ryerson had a negative return on equity of 0.62% and a negative net margin of 0.56%.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, analysts anticipate that Ryerson Holding will post 1.1 earnings per share for the current fiscal year.

Ryerson Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on RYZ shares. Wall Street Zen raised shares of Ryerson from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Ryerson in a research note on Thursday, June 18th. Finally, Zacks Research upgraded Ryerson from a "strong sell" rating to a "hold" rating in a report on Monday, August 24th. 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, Ryerson has a consensus rating of "Reduce".

Insider Transactions at Ryerson

In related news, CAO Molly Kannan sold 1,000 shares of Ryerson stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $30.00, for a total value of $30,000.00. Following the transaction, the chief accounting officer owned 24,636 shares in the company, valued at $739,080. This trade represents a 3.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 6.58% of the company's stock.

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.

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