Ryerson (NYSE:RYZ) Stock Price Up 4.8% – Still a Buy?

Ryerson Holding (NYSE:RYZ)’s share price traded up 4.8% on Friday. The stock traded as high as $27.84 and last traded at $28.0050. 57,289 shares traded hands during trading, a decline of 88% from the average daily volume of 469,367 shares. The stock had previously closed at $26.72.

Analysts Set New Price Targets

RYZ has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Ryerson in a research report on Monday, September 14th. Zacks Research raised Ryerson from a “strong sell” rating to a “hold” rating in a report on Monday, August 24th. Finally, Wall Street Zen upgraded Ryerson from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Ryerson Stock Up 3.7%

The company has a market capitalization of $1.44 billion, a PE ratio of -22.32 and a beta of 1.59. The company’s fifty day moving average is $25.70 and its 200-day moving average is $26.32. 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:RYZ) last issued its quarterly earnings results 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. The business had revenue of $2.01 billion for the quarter. Ryerson had a negative net margin of 0.56% and a negative return on equity of 0.62%. Ryerson has set its Q3 2026 guidance at 0.370-0.400 EPS. As a group, analysts predict that Ryerson Holding will post 1.10 EPS for the current fiscal year.

Ryerson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Thursday, September 3rd. Ryerson’s dividend payout ratio (DPR) is presently -60.48%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Deutsche Bank AG purchased a new stake in Ryerson in the 2nd quarter worth $1,273,000. Platinum Equity Advisors LLC DE bought a new stake in Ryerson during the second quarter valued at about $96,581,404. Engineers Gate Manager LP bought a new stake in Ryerson during the second quarter valued at about $1,376,000. Legal & General Group Plc purchased a new position in shares of Ryerson in the second quarter valued at about $1,005,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Ryerson in the second quarter valued at about $2,131,000. Hedge funds and other institutional investors own 94.81% of the company’s stock.

About Ryerson

Ryerson Holding Corporation is a metals processor and distributor that supplies industrial customers with a broad range of carbon steel, stainless steel, aluminum, nickel, copper and other metal products. Its offerings include sheet, plate, bar, rod, tube and structural products, along with related supplies and materials.

The company provides value-added processing services designed to prepare metals to customer specifications. These services include cutting, machining, slitting, forming, leveling, sawing and fabrication, helping customers reduce processing requirements and manage their materials supply chains.

Founded in 1842, Ryerson serves customers across a variety of industries, including manufacturing, transportation, construction, energy and consumer products.