Empowered Funds LLC Invests $10.04 Million in Ryerson Holding $RYZ

Empowered Funds LLC acquired a new stake in Ryerson Holding (NYSE:RYZ) in the second quarter, Holdings Channel reports. The institutional investor acquired 407,803 shares of the company’s stock, valued at approximately $10,036,000.

A number of other large investors have also modified their holdings of the company. BlackRock Inc. purchased a new position in Ryerson during the second quarter worth approximately $120,378,000. Platinum Equity Advisors LLC DE purchased a new stake in shares of Ryerson in the second quarter valued at approximately $96,581,404. JB Capital Partners LP acquired a new position in shares of Ryerson during the 2nd quarter worth approximately $69,869,242. Donald Smith & CO. Inc. acquired a new position in shares of Ryerson during the 2nd quarter worth approximately $49,036,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Ryerson during the 2nd quarter valued at approximately $10,692,000. Institutional investors and hedge funds own 94.81% of the company’s stock.

Insider Buying and Selling

In other Ryerson news, CAO Molly D. Kannan sold 1,000 shares of the company’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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 6.58% of the stock is owned by insiders.

Ryerson Stock Performance

RYZ opened at $25.34 on Friday. The firm has a market capitalization of $1.32 billion, a PE ratio of -20.44 and a beta of 1.65. Ryerson Holding has a one year low of $19.34 and a one year high of $32.00. The company has a quick ratio of 1.04, a current ratio of 2.21 and a debt-to-equity ratio of 0.73. The firm has a 50 day simple moving average of $27.24.

Ryerson (NYSE:RYZ) last posted its earnings results 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. Ryerson had a negative return on equity of 0.62% and a negative net margin of 0.56%.The company had revenue of $2.01 billion during the quarter. Ryerson has set its Q3 2026 guidance at 0.370-0.400 EPS. As a group, equities research analysts forecast that Ryerson Holding will post 1.1 earnings per share for the current fiscal year.

Ryerson Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on RYZ shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Ryerson in a report on Thursday, June 18th. Wall Street Zen raised Ryerson from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, Zacks Research raised Ryerson from a “strong sell” rating to a “hold” rating in a research note on Monday, August 24th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Ryerson currently has an average rating of “Reduce”.

Ryerson 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.