Molly Kannan Sells 500 Shares of Ryerson (NYSE:RYZ) Stock

Ryerson Holding (NYSE:RYZ) CAO Molly Kannan sold 500 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $32.00, for a total transaction of $16,000.00. Following the transaction, the chief accounting officer directly owned 24,136 shares of the company’s stock, valued at $772,352. The trade was a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Ryerson Trading Up 3.3%

NYSE RYZ opened at $27.69 on Friday. The stock has a 50-day moving average price of $27.80. Ryerson Holding has a 52 week low of $19.34 and a 52 week high of $32.00. The company has a market cap of $1.44 billion, a PE ratio of -22.33 and a beta of 1.67. The company has a current ratio of 2.21, a quick ratio of 1.03 and a debt-to-equity ratio of 0.73.

Ryerson (NYSE:RYZ) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.12. The company had revenue of $2.01 billion for 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. As a group, equities research analysts expect that Ryerson Holding will post 1.1 earnings per share for the current fiscal year.

Ryerson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, September 3rd. Ryerson’s dividend payout ratio (DPR) is currently -60.48%.

Analyst Ratings Changes

A number of research analysts have issued reports on RYZ shares. Wall Street Zen upgraded Ryerson from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reissued a “sell (d+)” rating on shares of Ryerson in a report on Thursday, June 18th. Finally, Zacks Research cut shares of Ryerson from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

About Ryerson

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.