Ryerson (NYSE:RYZ) Upgraded at Wall Street Zen

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

Several other analysts also recently commented on the company. Zacks Research downgraded Ryerson from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 24th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Ryerson in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Ryerson currently has an average rating of “Sell”.

Ryerson Stock Performance

NYSE RYZ opened at $28.05 on Friday. 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 capitalization of $1.46 billion, a price-to-earnings ratio of -22.62 and a beta of 1.65. Ryerson has a one year low of $19.34 and a one year high of $32.00. The company has a fifty day simple moving average of $27.82.

Ryerson (NYSE:RYZ) last announced its earnings results on Wednesday, July 29th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.12. Ryerson had a negative net margin of 0.56% and a negative return on equity of 0.62%. The business had revenue of $2.01 billion during the quarter. Ryerson has set its Q3 2026 guidance at 0.370-0.400 EPS. Research analysts predict that Ryerson will post 1.1 earnings per share for the current year.

Ryerson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, September 3rd. Ryerson’s dividend payout ratio is -60.48%.

Insider Activity at Ryerson

In related 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 transaction 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark S. Silver sold 11,174 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $27.91, for a total value of $311,866.34. Following the completion of the transaction, the executive vice president owned 120,181 shares of the company’s stock, valued at $3,354,251.71. The trade was a 8.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 18,174 shares of company stock valued at $508,576 over the last three months. 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.