Man Group plc Invests $2.68 Million in Ryerson Holding $RYZ

Man Group plc acquired a new stake in shares of Ryerson Holding (NYSE:RYZ) in the second quarter, Holdings Channel reports. The fund acquired 108,888 shares of the company’s stock, valued at approximately $2,680,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in Ryerson in the second quarter worth $66,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Ryerson during the second quarter valued at $148,000. State of Wyoming bought a new position in shares of Ryerson during the second quarter worth about $185,000. NFJ Investment Group LLC acquired a new stake in shares of Ryerson in the 2nd quarter worth about $219,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Ryerson in the 2nd quarter worth about $298,000. 94.81% of the stock is currently owned by institutional investors.

Ryerson Stock Down 1.1%

RYZ stock opened at $25.04 on Tuesday. The business has a 50-day moving average of $27.19. The firm has a market capitalization of $1.30 billion, a P/E ratio of -20.19 and a beta of 1.65. The company has a quick ratio of 1.04, a current ratio of 2.21 and a debt-to-equity ratio of 0.73. Ryerson Holding has a fifty-two week low of $19.34 and a fifty-two week high of $32.00.

Ryerson (NYSE:RYZ) last released its earnings results on Wednesday, July 29th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.40 by $0.12. The firm 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 analysts anticipate that Ryerson Holding will post 1.1 EPS for the current year.

Ryerson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be issued a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $0.75 annualized dividend and a yield of 3.0%. Ryerson’s payout ratio is presently -60.48%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Ryerson in a research report on Thursday, June 18th. Wall Street Zen raised Ryerson from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Zacks Research upgraded Ryerson from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Insiders Place Their Bets

In other Ryerson news, CAO Molly D. Kannan sold 1,000 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $30.00, for a total transaction 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. This trade represents a 3.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.58% of the stock is owned by company insiders.

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.