Bank of America Corp DE Makes New $3.22 Million Investment in Ryerson Holding $RYZ

Key Points

• Bank of America acquired 130,711 Ryerson shares worth approximately $3.22 million in the second quarter, giving it a 0.25% stake. Institutional investors collectively own 94.81% of Ryerson’s stock.
• Ryerson exceeded quarterly earnings expectations, reporting $0.52 EPS versus the $0.40 consensus on $2.01 billion in revenue. The company guided for third-quarter 2026 EPS of $0.37–$0.40.
• Ryerson pays a quarterly dividend of $0.1875 per share, or $0.75 annually, yielding about 3.1%. Analyst sentiment remains cautious, with the stock carrying an average “Reduce” rating.

Bank of America Corp DE acquired a new stake in shares of Ryerson Holding (NYSE:RYZ - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund acquired 130,711 shares of the company's stock, valued at approximately $3,217,000. Bank of America Corp DE owned 0.25% of Ryerson as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Odyssean LLC purchased a new position in Ryerson during the second quarter valued at approximately $447,000. Man Group plc purchased a new stake in Ryerson in the 2nd quarter worth approximately $2,680,000. Jupiter Topco LLC purchased a new stake in Ryerson in the 2nd quarter worth approximately $501,000. Hsbc Holdings PLC bought a new position in Ryerson in the 2nd quarter valued at $838,000. Finally, Ancora Advisors LLC bought a new position in Ryerson in the 2nd quarter valued at $3,741,000. Hedge funds and other institutional investors own 94.81% of the company's stock.

Ryerson Stock Performance

RYZ stock opened at $23.82 on Wednesday. The stock has a market capitalization of $1.24 billion, a P/E ratio of -19.21 and a beta of 1.57. Ryerson Holding has a one year low of $19.34 and a one year high of $32.00. The business's 50 day simple moving average is $26.36. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.21 and a quick ratio of 1.04.

Ryerson (NYSE:RYZ - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $2.01 billion during 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. On average, research analysts predict that Ryerson Holding will post 1.1 EPS for the current year.

Ryerson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, September 3rd. Ryerson's dividend payout ratio (DPR) is -60.48%.

Wall Street Analyst Weigh In

RYZ has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Ryerson from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Weiss Ratings reissued a "sell (d+)" rating on shares of Ryerson in a research note on Monday, September 14th. Finally, Zacks Research raised shares of Ryerson from a "strong sell" rating to a "hold" rating in a report on Monday, August 24th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Ryerson currently has an average rating of "Reduce".

Ryerson Profile

Ryerson Holding Corporation is a metals service and distribution company that supplies industrial customers with carbon steel, stainless steel, aluminum, nickel and other specialty metals. The company provides a broad range of products in forms such as sheet, plate, bar, tube and coil, serving manufacturers and other businesses that use metals in their operations.

In addition to distributing metals, Ryerson offers value-added processing services, including cutting, forming, slitting, machining and other material preparation.

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