Aegis Financial Corp Purchases New Stake in Ryerson Holding $RYZ

Key Points

• Aegis Financial Corp purchased 1,116,978 Ryerson shares worth approximately $27.5 million, giving it a 2.15% stake and making Ryerson its ninth-largest holding. Institutional investors collectively own 94.81% of the company.
• Ryerson exceeded quarterly earnings expectations, reporting $0.52 EPS versus the $0.40 estimate on $2.01 billion in revenue. However, analysts’ consensus rating remains “Reduce,” with two Hold ratings and one Sell rating.
• Ryerson declared a quarterly dividend of $0.1875 per share, equivalent to a $0.75 annualized payout and 3.0% yield. Shares opened at $25.34, compared with a 52-week range of $19.34 to $32.00.

Aegis Financial Corp purchased a new stake in shares of Ryerson Holding (NYSE:RYZ - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,116,978 shares of the company's stock, valued at approximately $27,489,000. Ryerson makes up approximately 4.3% of Aegis Financial Corp's holdings, making the stock its 9th largest holding. Aegis Financial Corp owned about 2.15% of Ryerson at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. State of Wyoming acquired a new stake in shares of Ryerson in the second quarter valued at about $185,000. Bank of New York Mellon Corp purchased a new stake in Ryerson during the 2nd quarter worth $10,692,000. Deutsche Bank AG purchased a new stake in Ryerson during the 2nd quarter worth $1,273,000. BlackRock Inc. acquired a new position in Ryerson in the 2nd quarter worth $120,378,000. Finally, Robotti Robert acquired a new position in Ryerson in the 2nd quarter worth $9,102,000. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RYZ has been the topic of a number of analyst reports. Zacks Research raised Ryerson from a "strong sell" rating to a "hold" rating in a research report on Monday, August 24th. Weiss Ratings restated a "sell (d+)" rating on shares of Ryerson in a report on Thursday, June 18th. Finally, Wall Street Zen raised 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 stock. According to data from MarketBeat, the company currently has an average rating of "Reduce".

Ryerson Price Performance

RYZ stock opened at $25.34 on Friday. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of -20.44 and a beta of 1.65. Ryerson Holding has a 1-year low of $19.34 and a 1-year high of $32.00. The company's fifty day simple moving average is $27.24. The company has a current ratio of 2.21, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73.

Ryerson (NYSE:RYZ - Get Free Report) last posted its quarterly 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 company had revenue of $2.01 billion for 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. As a group, analysts expect that Ryerson Holding will post 1.1 EPS for the current fiscal year.

Ryerson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be issued a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $0.75 annualized dividend and a dividend yield of 3.0%. Ryerson's dividend payout ratio is -60.48%.

Insider Activity at Ryerson

In other 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.58% of the company's stock.

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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