Ryerson (NYSE:RYZ) Shares Gap Down – Here’s Why

Ryerson Holding (NYSE:RYZ) gapped down before the market opened 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.

Analysts Set New Price Targets

Several research analysts have commented on the company. Weiss Ratings reaffirmed 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 downgraded Ryerson from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Ryerson Stock Down 1.1%

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

Ryerson (NYSE:RYZ) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.40 by $0.12. The firm had revenue of $2.01 billion for 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. Research analysts expect that Ryerson Holding will post 1.1 earnings per share for the current year.

Ryerson Announces Dividend

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

Insiders Place Their Bets

In other Ryerson news, CAO Molly D. Kannan sold 3,000 shares of Ryerson 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 sale, the chief accounting officer directly owned 25,636 shares in the company, valued at approximately $728,575.12. The trade was a 10.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mark S. Silver sold 11,174 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $27.91, for a total value of $311,866.34. Following the transaction, the executive vice president directly owned 120,181 shares of the company’s stock, valued at approximately $3,354,251.71. The trade was a 8.51% decrease in their ownership of the stock. 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. 6.58% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Wyoming bought a new stake in Ryerson in the second quarter worth $185,000. Bank of New York Mellon Corp bought a new position in shares of Ryerson during the second quarter valued at approximately $10,692,000. Deutsche Bank AG purchased a new stake in shares of Ryerson during the second quarter valued at $1,273,000. BlackRock Inc. bought a new stake in Ryerson during the 2nd quarter valued at $120,378,000. Finally, Robotti Robert bought a new stake in shares of Ryerson in the 2nd quarter valued at about $9,102,000. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Ryerson Company 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.