Deutsche Bank AG Invests $1.27 Million in Ryerson Holding $RYZ

Deutsche Bank AG bought a new position in shares of Ryerson Holding (NYSE:RYZ - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 51,716 shares of the company's stock, valued at approximately $1,273,000. Deutsche Bank AG owned 0.10% of Ryerson as of its most recent SEC filing.

Separately, Bank of New York Mellon Corp acquired a new position in Ryerson in the 2nd quarter worth approximately $10,692,000. 94.81% of the stock is owned by hedge funds and other institutional investors.

Ryerson Trading Down 1.2%

NYSE RYZ opened at $25.34 on Friday. The business has a 50-day simple moving average of $27.24. Ryerson Holding has a twelve month low of $19.34 and a twelve month high of $32.00. The firm has a market cap of $1.32 billion, a PE ratio of -20.44 and a beta of 1.65. 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 posted its quarterly earnings data 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 analysts predict that Ryerson Holding will post 1.1 EPS for the current fiscal year.

Ryerson Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors 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 3.0%. The ex-dividend date is Thursday, September 3rd. Ryerson's payout ratio is presently -60.48%.

Analysts Set New Price Targets

Several brokerages have commented on RYZ. Weiss Ratings restated a "sell (d+)" rating on shares of Ryerson in a research note on Thursday, June 18th. Zacks Research upgraded shares of Ryerson from a "strong sell" rating to a "hold" rating in a research note on Monday, August 24th. Finally, Wall Street Zen raised shares of Ryerson from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Reduce".

Insider Activity at Ryerson

In other Ryerson news, CAO Molly D. Kannan sold 1,000 shares of the firm's stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $30.00, for a total value of $30,000.00. Following the transaction, the chief accounting officer owned 24,636 shares in the company, valued at approximately $739,080. This trade represents a 3.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 6.58% of the company's stock.

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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