Empowered Funds LLC Buys New Holdings in Ryerson Holding $RYZ

Empowered Funds LLC bought a new position in shares of Ryerson Holding (NYSE:RYZ) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 407,803 shares of the company’s stock, valued at approximately $10,036,000. Empowered Funds LLC owned about 0.79% of Ryerson as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of RYZ. Public Employees Retirement System of Ohio purchased a new position in shares of Ryerson during the second quarter valued at about $130,000. Platinum Equity Advisors LLC DE bought a new position in Ryerson during the second quarter valued at approximately $96,581,404. Bank of America Corp DE purchased a new position in Ryerson during the 2nd quarter valued at approximately $3,217,000. Odyssean LLC purchased a new position in Ryerson during the 2nd quarter valued at approximately $447,000. Finally, Man Group plc bought a new stake in Ryerson in the 2nd quarter worth approximately $2,680,000. 94.81% of the stock is owned by hedge funds and other institutional investors.

Ryerson Trading Down 1.2%

NYSE RYZ opened at $25.34 on Friday. The company has a market capitalization of $1.32 billion, a PE ratio of -20.44 and a beta of 1.65. Ryerson Holding has a 12 month low of $19.34 and a 12 month high of $32.00. The business has a 50-day moving average of $27.24. 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 announced its quarterly earnings data 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. The company 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. As a group, sell-side analysts forecast that Ryerson Holding will post 1.1 earnings per share for the current year.

Ryerson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be paid a $0.1875 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $0.75 dividend on an annualized basis and a yield of 3.0%. Ryerson’s dividend payout ratio (DPR) is -60.48%.

Insiders Place Their Bets

In related news, CAO Molly D. Kannan sold 1,000 shares of Ryerson stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $30.00, for a total value of $30,000.00. Following the completion of the sale, the chief accounting officer directly owned 24,636 shares in the company, valued at $739,080. This trade represents a 3.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.58% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on RYZ. Zacks Research upgraded shares of Ryerson from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Ryerson in a research report on Thursday, June 18th. Finally, Wall Street Zen raised shares of Ryerson from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Ryerson has an average rating of “Reduce”.

About Ryerson

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.