Allianz Asset Management GmbH Purchases Shares of 447,880 Ryerson Holding $RYZ

Key Points

• Allianz Asset Management acquired 447,880 Ryerson shares worth approximately $11.0 million, representing about 0.86% of the company. Institutional investors and hedge funds collectively own 94.81% of Ryerson.
• Ryerson reported quarterly EPS of $0.52, exceeding the $0.40 consensus estimate, on revenue of $2.01 billion. The company guided for third-quarter EPS of $0.37–$0.40.
• Shares recently traded at $26.01, while analysts maintain a consensus “Reduce” rating. Ryerson also declared a quarterly dividend of $0.1875 per share, equivalent to a 2.9% annualized yield.

Allianz Asset Management GmbH purchased a new stake in Ryerson Holding (NYSE:RYZ - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 447,880 shares of the company's stock, valued at approximately $11,022,000. Allianz Asset Management GmbH owned approximately 0.86% of Ryerson at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in Ryerson during the second quarter worth $66,000. Public Employees Retirement System of Ohio bought a new position in Ryerson in the second quarter valued at approximately $130,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Ryerson during the 2nd quarter worth approximately $148,000. State of Wyoming acquired a new position in shares of Ryerson during the 2nd quarter worth approximately $185,000. Finally, NFJ Investment Group LLC bought a new stake in shares of Ryerson during the 2nd quarter worth approximately $219,000. 94.81% of the stock is owned by institutional investors and hedge funds.

Ryerson Stock Down 1.1%

NYSE:RYZ opened at $26.01 on Wednesday. Ryerson Holding has a 12-month low of $19.34 and a 12-month high of $32.00. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of -20.98 and a beta of 1.57. The company has a 50 day simple moving average of $27.10. 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 earnings results on Wednesday, July 29th. The company reported $0.52 EPS for the quarter, topping 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 during the quarter. Ryerson has set its Q3 2026 guidance at 0.370-0.400 EPS. Equities research analysts expect that Ryerson Holding will post 1.1 EPS for the current year.

Ryerson Announces Dividend

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 paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Thursday, September 3rd. Ryerson's dividend payout ratio (DPR) is currently -60.48%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Weiss Ratings reissued a "sell (d+)" rating on shares of Ryerson in a report on Thursday, June 18th. Zacks Research raised shares of Ryerson from a "strong sell" rating to a "hold" rating in a research report on Monday, August 24th. Finally, Wall Street Zen upgraded shares of Ryerson from a "hold" rating to a "buy" rating in a research note 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. According to MarketBeat.com, the company presently has a consensus rating of "Reduce".

Insider Activity at Ryerson

In related news, CAO Molly Kannan sold 1,000 shares of Ryerson stock in a transaction dated Thursday, June 11th. The shares were 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 of the company's stock, valued at approximately $739,080. The trade was a 3.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 6.58% of the company's stock.

Ryerson 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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