Ryerson (NYSE:RYZ) Stock Rating Upgraded by Zacks Research

Ryerson (NYSE:RYZ) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other research firms have also commented on RYZ. Wall Street Zen raised shares of Ryerson from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Ryerson in a research note on Thursday, June 18th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Ryerson Trading Up 1.5%

Shares of NYSE:RYZ opened at $24.57 on Monday. The stock has a 50 day moving average of $27.38. 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 firm has a market cap of $1.28 billion, a price-to-earnings ratio of -19.82 and a beta of 1.65. Ryerson has a twelve month low of $19.34 and a twelve month high of $32.00.

Ryerson (NYSE:RYZ) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.12. The company had revenue of $2.01 billion for 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. Equities research analysts forecast that Ryerson will post 1.1 EPS for the current year.

Insider Buying and Selling at Ryerson

In other news, CAO Molly D. Kannan sold 1,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 24,636 shares in the company, valued at approximately $739,080. This represents a 3.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Mark S. Silver sold 11,174 shares of the company’s stock in a transaction on 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 $3,354,251.71. This trade represents a 8.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 15,674 shares of company stock worth $443,126 in the last three months. Insiders own 6.58% of the company’s stock.

Hedge Funds Weigh In On Ryerson

Several institutional investors have recently bought and sold shares of RYZ. BlackRock Inc. acquired a new position in Ryerson in the second quarter worth $120,378,000. Platinum Equity Advisors LLC DE acquired a new stake in shares of Ryerson in the second quarter valued at $96,581,404,000. JB Capital Partners LP bought a new position in shares of Ryerson in the second quarter valued at about $69,869,242,000. Donald Smith & CO. Inc. bought a new position in shares of Ryerson in the second quarter valued at about $49,036,000. Finally, California State Teachers Retirement System acquired a new position in Ryerson during the 2nd quarter worth about $28,601,000. Institutional investors 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.