Robotti Robert Makes New $9.10 Million Investment in Ryerson Holding $RYZ

Robotti Robert acquired a new stake in Ryerson Holding (NYSE:RYZ) during the second quarter, according to its most recent filing with the SEC. The firm acquired 369,849 shares of the company’s stock, valued at approximately $9,102,000. Ryerson comprises approximately 1.5% of Robotti Robert’s holdings, making the stock its 18th largest holding.

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

Analysts Set New Price Targets

Several analysts have weighed in on the company. Zacks Research cut Ryerson from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 24th. Wall Street Zen raised shares of Ryerson from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Ryerson in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Ryerson Price Performance

Shares of RYZ stock opened at $27.48 on Wednesday. The company has a 50-day moving average of $27.82. Ryerson Holding has a one year low of $19.34 and a one year high of $32.00. The company has a market cap of $1.43 billion, a PE ratio of -22.17 and a beta of 1.65. The company has a current ratio of 2.21, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73.

Ryerson (NYSE:RYZ) last issued its earnings results on Wednesday, July 29th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.40 by $0.12. Ryerson had a negative net margin of 0.56% and a negative return on equity of 0.62%. The firm had revenue of $2.01 billion during the quarter. Ryerson has set its Q3 2026 guidance at 0.370-0.400 EPS. As a group, research analysts anticipate that Ryerson Holding will post 1.1 earnings per share for the current year.

Ryerson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders 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 2.7%. Ryerson’s payout ratio is -60.48%.

Insider Buying and Selling at Ryerson

In related news, CAO Molly D. Kannan sold 3,000 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $28.42, for a total transaction of $85,260.00. Following the sale, the chief accounting officer owned 25,636 shares of the company’s stock, valued at approximately $728,575.12. This trade represents a 10.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Mark S. Silver sold 11,174 shares of Ryerson 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 in the company, valued at approximately $3,354,251.71. This represents a 8.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,674 shares of company stock valued at $443,126 in the last three months. 6.58% of the stock is owned by company insiders.

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.