Ryerson (NYSE:RYZ) Shares Gap Down – Should You Sell?

Ryerson Holding (NYSE:RYZGet Free Report)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $29.20, but opened at $28.01. Ryerson shares last traded at $28.0460, with a volume of 11,158 shares.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on RYZ shares. Zacks Research lowered shares of Ryerson from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 24th. Weiss Ratings restated a “sell (d+)” rating on shares of Ryerson in a report on Thursday, June 18th. Finally, Wall Street Zen raised Ryerson from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Check Out Our Latest Research Report on RYZ

Ryerson Stock Performance

The firm has a 50-day moving average of $27.82. The company has a market cap of $1.41 billion, a price-to-earnings ratio of -21.79 and a beta of 1.65. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 2.21.

Ryerson (NYSE:RYZGet Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.12. The company had revenue of $2.01 billion during the quarter. Ryerson had a negative return on equity of 0.62% and a negative net margin of 0.56%.Ryerson has set its Q3 2026 guidance at 0.370-0.400 EPS. Sell-side analysts anticipate that Ryerson Holding will post 1.1 EPS for the current fiscal year.

Ryerson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, September 3rd. Ryerson’s payout ratio is currently -60.48%.

Insider Buying and Selling

In related news, CAO Molly D. Kannan sold 3,000 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $28.42, for a total value of $85,260.00. Following the completion of the transaction, the chief accounting officer directly owned 25,636 shares of the company’s stock, valued at approximately $728,575.12. This represents a 10.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 value of $311,866.34. Following the transaction, the executive vice president 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. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 15,674 shares of company stock worth $443,126. Insiders own 6.58% of the company’s stock.

Hedge Funds Weigh In On Ryerson

Several hedge funds have recently made changes to their positions in the business. State of Wyoming acquired a new position in Ryerson during the second quarter worth $185,000. Bank of New York Mellon Corp acquired a new position in Ryerson in the 2nd quarter valued at $10,692,000. Deutsche Bank AG bought a new position in Ryerson during the second quarter worth about $1,273,000. BlackRock Inc. acquired a new position in Ryerson in the second quarter valued at about $120,378,000. Finally, Robotti Robert acquired a new stake in Ryerson during the second quarter worth about $9,102,000. 94.81% of the stock is owned by institutional investors.

About Ryerson

(Get Free Report)

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.

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