Ryerson (NYSE:RYZ) CAO Molly Kannan Sells 500 Shares of Stock

Ryerson Holding (NYSE:RYZ) CAO Molly Kannan sold 500 shares of Ryerson stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $32.00, for a total value of $16,000.00. Following the transaction, the chief accounting officer directly owned 24,136 shares in the company, valued at approximately $772,352. The trade was a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Ryerson Stock Down 7.0%

Ryerson stock traded down $2.01 during midday trading on Thursday, hitting $26.78. The company’s stock had a trading volume of 795,127 shares, compared to its average volume of 470,384. Ryerson Holding has a 12 month low of $19.34 and a 12 month high of $32.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.21 and a quick ratio of 1.03. The firm has a market capitalization of $1.39 billion, a P/E ratio of -18.09 and a beta of 1.67. The business’s 50-day simple moving average is $27.75.

Ryerson (NYSE:RYZ) last posted its quarterly earnings data 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 company had revenue of $2.01 billion during the quarter. Ryerson had a negative net margin of 0.93% and a negative return on equity of 3.43%. Ryerson has set its Q3 2026 guidance at 0.370-0.400 EPS. As a group, equities analysts anticipate that Ryerson Holding will post 1.1 EPS for the current year.

Ryerson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be issued a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $0.75 annualized dividend and a dividend yield of 2.8%. Ryerson’s dividend payout ratio is currently -50.68%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Ryerson in a research note on Thursday, June 18th. Zacks Research downgraded shares of Ryerson from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 24th. Finally, Wall Street Zen lowered shares of Ryerson from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

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.