Ryerson (NYSE:RYZ) Upgraded at Zacks Research

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

Several other research firms have also commented on RYZ. Wall Street Zen upgraded shares of Ryerson from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Weiss Ratings reiterated 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Ryerson Price Performance

Shares of NYSE:RYZ opened at $24.57 on Monday. The stock’s 50-day moving average price is $27.38. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of -19.82 and a beta of 1.65. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.21 and a quick ratio of 1.04. Ryerson has a 12 month low of $19.34 and a 12 month high of $32.00.

Ryerson (NYSE:RYZ) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.52 earnings per share for the quarter, beating 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 business had revenue of $2.01 billion for the quarter. Ryerson has set its Q3 2026 guidance at 0.370-0.400 EPS. As a group, research analysts anticipate that Ryerson will post 1.1 earnings per share for the current year.

Insider Transactions at Ryerson

In other news, CAO Molly D. Kannan sold 3,000 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $28.42, for a total value of $85,260.00. Following the completion of the sale, the chief accounting officer owned 25,636 shares in the company, valued at approximately $728,575.12. This trade represents a 10.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark S. Silver sold 11,174 shares of the firm’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 sale, the executive vice president owned 120,181 shares in the company, valued at approximately $3,354,251.71. The trade was a 8.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 15,674 shares of company stock worth $443,126. 6.58% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ryerson

A number of institutional investors and hedge funds have recently bought and sold shares of RYZ. California State Teachers Retirement System purchased a new stake in shares of Ryerson during the second quarter valued at approximately $28,601,000. Ancora Advisors LLC purchased a new position in shares of Ryerson in the second quarter valued at $3,741,000. Susquehanna International Group LLP purchased a new position in shares of Ryerson in the second quarter valued at $1,381,000. Aegis Financial Corp acquired a new stake in Ryerson during the 2nd quarter valued at $27,489,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Ryerson during the 2nd quarter valued at $148,000. Hedge funds and other institutional investors own 94.81% 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.