Ryerson (NYSE:RYZ) Stock Price Up 4.8% - Here's What Happened

Key Points

• Ryerson shares rose 4.8% to approximately $28.01, although trading volume was 88% below the average session level.
• The company beat quarterly earnings expectations, reporting $0.52 in EPS versus the $0.40 consensus on $2.01 billion in revenue. Management guided for third-quarter EPS of $0.37–$0.40.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating, despite the company’s $0.1875 quarterly dividend and institutional investors owning 94.81% of outstanding shares.

Ryerson Holding (NYSE:RYZ - Get Free Report)'s share price was up 4.8% during trading on Friday. The stock traded as high as $27.84 and last traded at $28.0050. Approximately 57,289 shares traded hands during trading, a decline of 88% from the average session volume of 469,367 shares. The stock had previously closed at $26.72.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on RYZ shares. Weiss Ratings reissued a "sell (d+)" rating on shares of Ryerson in a research report on Monday, September 14th. Zacks Research raised shares of Ryerson from a "strong sell" rating to a "hold" rating in a report 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 investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Ryerson presently has a consensus rating of "Reduce".

Ryerson Trading Up 3.7%

The company has a current ratio of 2.21, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $1.44 billion, a PE ratio of -22.32 and a beta of 1.59. The stock has a 50 day moving average price of $25.70 and a 200-day moving average price of $26.32.

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, 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 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. Sell-side analysts expect that Ryerson Holding will post 1.10 earnings per share for the current year.

Ryerson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders 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 2.7%. The ex-dividend date was Thursday, September 3rd. Ryerson's payout ratio is currently -60.48%.

Institutional Investors Weigh In On Ryerson

Several hedge funds and other institutional investors have recently made changes to their positions in RYZ. Parkside Financial Bank & Trust bought a new position in shares of Ryerson in the 2nd quarter worth approximately $25,000. Integrated Wealth Concepts LLC bought a new stake in Ryerson during the second quarter valued at approximately $33,000. Quantbot Technologies LP bought a new stake in Ryerson during the second quarter valued at approximately $66,000. Public Employees Retirement System of Ohio purchased a new stake in Ryerson during the second quarter valued at approximately $130,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in Ryerson during the second quarter valued at approximately $148,000. Hedge funds and other institutional investors own 94.81% of the company's stock.

About Ryerson

Ryerson Holding Corporation is a metals processor and distributor that supplies industrial customers with a broad range of carbon steel, stainless steel, aluminum, nickel, copper and other metal products. Its offerings include sheet, plate, bar, rod, tube and structural products, along with related supplies and materials.

The company provides value-added processing services designed to prepare metals to customer specifications. These services include cutting, machining, slitting, forming, leveling, sawing and fabrication, helping customers reduce processing requirements and manage their materials supply chains.

Founded in 1842, Ryerson serves customers across a variety of industries, including manufacturing, transportation, construction, energy and consumer products.

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