Bank of New York Mellon Corp purchased a new position in shares of Ryerson Holding (NYSE:RYZ - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 434,438 shares of the company's stock, valued at approximately $10,692,000. Bank of New York Mellon Corp owned 0.84% of Ryerson as of its most recent SEC filing.
Separately, State of Wyoming acquired a new position in shares of Ryerson in the second quarter worth about $185,000. Institutional investors and hedge funds own 94.81% of the company's stock.
Ryerson Stock Up 4.0%
Ryerson stock opened at $26.34 on Thursday. Ryerson Holding has a 12-month low of $19.34 and a 12-month high of $32.00. The firm has a 50-day moving average price of $27.12. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 2.21. The company has a market capitalization of $1.37 billion, a PE ratio of -21.25 and a beta of 1.57.
Ryerson (NYSE:RYZ - Get Free Report) last issued its 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. 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. As a group, sell-side analysts expect that Ryerson Holding will post 1.1 EPS for the current year.
Ryerson Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, September 3rd. Ryerson's dividend payout ratio is currently -60.48%.
Insider Buying and Selling
In other news, CAO Molly D. Kannan sold 1,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief accounting officer directly owned 24,636 shares of the company's stock, valued at $739,080. This trade represents a 3.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.58% of the company's stock.
Analyst Upgrades and Downgrades
RYZ has been the topic of a number of recent research reports. Wall Street Zen upgraded Ryerson from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Zacks Research raised shares of Ryerson from a "strong sell" rating to a "hold" rating in a research note on Monday, August 24th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Ryerson in a research report on Thursday, June 18th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Reduce".
Check Out Our Latest Stock Analysis on Ryerson
About Ryerson
(
Free Report)
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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