Ryerson (NYSE:RYZ) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of Ryerson (NYSE:RYZ) from a buy rating to a hold rating in a report issued on Saturday morning.

Other equities research analysts have also issued reports about the stock. KeyCorp began coverage on shares of Ryerson in a report on Wednesday, March 25th. They issued a “sector weight” rating on the stock. Zacks Research cut shares of Ryerson from a “hold” rating to a “strong sell” rating in a research note 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 analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Ryerson Stock Up 0.5%

RYZ opened at $29.55 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.03 and a debt-to-equity ratio of 0.70. Ryerson has a 52-week low of $19.34 and a 52-week high of $30.90. The firm has a market capitalization of $1.53 billion, a P/E ratio of -19.97 and a beta of 1.67. The firm’s 50-day moving average is $27.00.

Ryerson (NYSE:RYZ) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $1.57 billion during the quarter. Ryerson had a negative net margin of 0.93% and a negative return on equity of 3.43%. Ryerson has set its Q2 2026 guidance at 0.380-0.420 EPS. On average, research analysts anticipate that Ryerson will post 1.1 EPS for the current fiscal year.

Ryerson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, June 4th. Ryerson’s payout ratio is presently -50.68%.

Insiders Place Their Bets

In other news, CAO Molly D. Kannan sold 1,000 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer owned 24,636 shares of the company’s stock, valued at $739,080. This represents a 3.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mark S. Silver sold 11,174 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $27.91, for a total transaction of $311,866.34. Following the transaction, the executive vice president directly owned 120,181 shares of the company’s stock, valued at approximately $3,354,251.71. This trade represents a 8.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 17,674 shares of company stock worth $492,576 in the last 90 days. Company insiders own 6.58% of the company’s stock.

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.