Ryerson (NYSE:RYZ) Shares Gap Down – What’s Next?

Ryerson Holding (NYSE:RYZ) gapped down prior to trading on Wednesday . The stock had previously closed at $29.20, but opened at $28.01. Ryerson shares last traded at $28.0460, with a volume of 11,158 shares trading hands.

Analyst Ratings Changes

Several research firms recently issued reports on RYZ. Wall Street Zen raised Ryerson from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Zacks Research downgraded Ryerson from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 24th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Ryerson in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Ryerson Trading Down 6.2%

The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 2.21. The business’s 50-day moving average is $27.66. The company has a market cap of $1.26 billion, a price-to-earnings ratio of -19.53 and a beta of 1.65.

Ryerson (NYSE:RYZ) last posted its quarterly earnings data 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 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, research analysts expect that Ryerson Holding will post 1.1 earnings per share for the current fiscal year.

Ryerson Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $0.75 dividend on an annualized basis and a yield of 3.1%. Ryerson’s dividend payout ratio (DPR) is presently -60.48%.

Insider Buying and Selling at Ryerson

In other Ryerson news, CAO Molly D. Kannan sold 1,000 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $30.00, for a total value of $30,000.00. Following the completion of the transaction, the chief accounting officer directly owned 24,636 shares of the company’s stock, valued at approximately $739,080. The trade was a 3.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark S. Silver sold 11,174 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $27.91, for a total value of $311,866.34. Following the completion of the sale, the executive vice president owned 120,181 shares in the company, valued at approximately $3,354,251.71. This trade represents a 8.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,674 shares of company stock worth $443,126 over the last 90 days. Company insiders own 6.58% of the company’s stock.

Institutional Investors Weigh In On Ryerson

A number of hedge funds and other institutional investors have recently bought and sold shares of RYZ. Quantbot Technologies LP bought a new stake in Ryerson in the 2nd quarter valued at approximately $66,000. Public Employees Retirement System of Ohio bought a new position in shares of Ryerson during the 2nd quarter worth approximately $130,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Ryerson during the 2nd quarter worth approximately $148,000. State of Wyoming acquired a new stake in shares of Ryerson in the second quarter valued at approximately $185,000. Finally, NFJ Investment Group LLC acquired a new stake in shares of Ryerson in the second quarter valued at approximately $219,000. Institutional investors and hedge funds own 94.81% 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.