Engineers Gate Manager LP purchased a new stake in shares of Ryerson Holding (NYSE:RYZ - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 55,908 shares of the company's stock, valued at approximately $1,376,000. Engineers Gate Manager LP owned about 0.11% of Ryerson at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC bought a new position in Ryerson during the second quarter worth $33,000. Squarepoint Ops LLC bought a new position in shares of Ryerson in the second quarter valued at about $820,000. Arizona State Retirement System acquired a new stake in shares of Ryerson during the 2nd quarter worth about $299,000. Parkside Financial Bank & Trust acquired a new stake in shares of Ryerson during the 2nd quarter worth about $25,000. Finally, Allianz Asset Management GmbH bought a new stake in shares of Ryerson during the 2nd quarter worth about $11,022,000. 94.81% of the stock is owned by institutional investors.
Ryerson Trading Up 2.1%
NYSE RYZ opened at $24.75 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. Ryerson Holding has a 1-year low of $19.34 and a 1-year high of $32.00. The company has a 50 day simple moving average of $27.08. The firm has a market capitalization of $1.28 billion, a P/E ratio of -19.96 and a beta of 1.57.
Ryerson (NYSE:RYZ - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.12. The business had revenue of $2.01 billion during the quarter. Ryerson had a negative return on equity of 0.62% and a negative net margin of 0.56%.Ryerson has set its Q3 2026 guidance at 0.370-0.400 EPS. On average, equities research analysts forecast that Ryerson Holding will post 1.1 earnings per share for the current year.
Ryerson Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, September 3rd. Ryerson's payout ratio is -60.48%.
Analyst Ratings Changes
A number of research analysts recently commented on RYZ shares. Wall Street Zen upgraded shares of Ryerson from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Zacks Research upgraded shares of Ryerson from a "strong sell" rating to a "hold" rating in a research report on Monday, August 24th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of Ryerson in a report on Monday. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Ryerson presently has a consensus rating of "Reduce".
View Our Latest Research Report on RYZ
About Ryerson
(
Free Report)
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.
Further Reading
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