BlackRock Inc. Takes $120.38 Million Position in Ryerson Holding $RYZ

Key Points

• BlackRock acquired 4.89 million Ryerson shares worth approximately $120.4 million, giving it a 9.42% stake. Institutional investors collectively own 94.81% of the company.
• Ryerson reported quarterly EPS of $0.52, beating estimates of $0.40, on revenue of $2.01 billion. The company guided for third-quarter EPS of $0.37–$0.40.
• Shares opened at $25.34, down 1.2%, while analysts’ average rating remains “Reduce”. Ryerson also declared a quarterly dividend of $0.1875 per share, representing a 3.0% annualized yield.

BlackRock Inc. bought a new position in Ryerson Holding (NYSE:RYZ - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,891,419 shares of the company's stock, valued at approximately $120,378,000. BlackRock Inc. owned 9.42% of Ryerson as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp purchased a new stake in Ryerson in the 2nd quarter worth about $10,692,000. Deutsche Bank AG acquired a new stake in Ryerson during the 2nd quarter worth about $1,273,000. Finally, State of Wyoming purchased a new position in Ryerson during the 2nd quarter valued at about $185,000. Hedge funds and other institutional investors own 94.81% of the company's stock.

Ryerson Stock Down 1.2%

NYSE RYZ opened at $25.34 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.21 and a quick ratio of 1.04. The firm has a market capitalization of $1.32 billion, a PE ratio of -20.44 and a beta of 1.65. Ryerson Holding has a 12-month low of $19.34 and a 12-month high of $32.00. The company has a 50 day simple moving average of $27.24.

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, topping the consensus estimate 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, equities analysts anticipate that Ryerson Holding will post 1.1 EPS for the current year.

Ryerson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders 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 yield of 3.0%. The ex-dividend date of this dividend is Thursday, September 3rd. Ryerson's dividend payout ratio is presently -60.48%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RYZ. Zacks Research upgraded Ryerson from a "strong sell" rating to a "hold" rating in a 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 shares of Ryerson from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce".

Insider Buying and Selling

In other Ryerson news, CAO Molly D. Kannan sold 1,000 shares of the firm's stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $30.00, for a total transaction of $30,000.00. Following the transaction, the chief accounting officer directly owned 24,636 shares in the company, valued at $739,080. This trade represents a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.58% of the stock is owned by insiders.

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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