JB Capital Partners LP purchased a new stake in Ryerson Holding (NYSE:RYZ – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 2,839,059 shares of the company’s stock, valued at approximately $69,869,242,000. Ryerson accounts for about 10.8% of JB Capital Partners LP’s investment portfolio, making the stock its 2nd largest holding. JB Capital Partners LP owned approximately 0.05% of Ryerson at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Donald Smith & CO. Inc. acquired a new position in Ryerson during the second quarter worth $49,036,000. NFJ Investment Group LLC purchased a new stake in Ryerson in the 2nd quarter valued at $219,000. Great Lakes Advisors LLC acquired a new stake in shares of Ryerson in the 2nd quarter worth $589,000. Robotti Robert acquired a new stake in shares of Ryerson in the 2nd quarter worth $9,102,000. Finally, BlackRock Inc. purchased a new position in shares of Ryerson during the 2nd quarter worth $120,378,000. Hedge funds and other institutional investors own 94.81% of the company’s stock.
Insider Transactions at Ryerson
In other Ryerson news, CAO Molly D. Kannan sold 3,000 shares of Ryerson stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $28.42, for a total transaction of $85,260.00. Following the completion of the sale, the chief accounting officer directly owned 25,636 shares in the company, valued at $728,575.12. This trade represents a 10.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark S. Silver sold 11,174 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $27.91, for a total transaction of $311,866.34. Following the completion of the sale, the executive vice president directly owned 120,181 shares in the company, valued at $3,354,251.71. This trade represents a 8.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 15,674 shares of company stock worth $443,126 in the last ninety days. 6.58% of the stock is currently owned by corporate insiders.
Ryerson Stock Performance
Ryerson (NYSE:RYZ – Get Free Report) 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. Analysts forecast that Ryerson Holding will post 1.1 EPS for the current year.
Ryerson Announces Dividend
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 Ratings Changes
RYZ has been the topic of several recent research reports. Wall Street Zen raised shares of Ryerson from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Zacks Research cut shares of Ryerson from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 24th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Ryerson in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.
Get Our Latest Stock Analysis on Ryerson
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.
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