Strs Ohio Buys 600 Shares of Ryerson Holding Co. (NYSE:RYI)

Strs Ohio raised its stake in Ryerson Holding Co. (NYSE:RYI) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,700 shares of the basic materials company’s stock after acquiring an additional 600 shares during the quarter. Strs Ohio’s holdings in Ryerson were worth $752,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale bought a new position in shares of Ryerson in the third quarter worth about $27,000. New York State Teachers Retirement System increased its stake in shares of Ryerson by 46.5% in the fourth quarter. New York State Teachers Retirement System now owns 2,518 shares of the basic materials company’s stock valued at $87,000 after buying an additional 799 shares during the period. State Board of Administration of Florida Retirement System increased its stake in shares of Ryerson by 7.5% in the third quarter. State Board of Administration of Florida Retirement System now owns 6,882 shares of the basic materials company’s stock valued at $200,000 after buying an additional 480 shares during the period. SG Americas Securities LLC acquired a new position in shares of Ryerson in the third quarter valued at approximately $219,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Ryerson in the third quarter valued at approximately $234,000. Institutional investors own 94.81% of the company’s stock.

Insider Buying and Selling at Ryerson

In other Ryerson news, insider Alagu Sundarrajan sold 7,407 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $32.77, for a total transaction of $242,727.39. Following the completion of the sale, the insider now owns 13,077 shares of the company’s stock, valued at approximately $428,533.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.88% of the company’s stock.

Ryerson Stock Performance

Ryerson stock opened at $31.07 on Friday. The business has a 50 day moving average of $32.41 and a 200-day moving average of $31.65. Ryerson Holding Co. has a 1 year low of $26.15 and a 1 year high of $44.70. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.18 and a quick ratio of 0.95. The company has a market capitalization of $1.06 billion, a P/E ratio of 7.63 and a beta of 1.65.

Ryerson (NYSE:RYI) last released its quarterly earnings data on Wednesday, February 21st. The basic materials company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.49. Ryerson had a return on equity of 16.33% and a net margin of 2.85%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the firm posted ($0.65) earnings per share.

Ryerson Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a dividend of $0.188 per share. This represents a $0.75 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Wednesday, March 6th. This is an increase from Ryerson’s previous quarterly dividend of $0.18. Ryerson’s dividend payout ratio is currently 18.43%.

Ryerson Company Profile

Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States and internationally. It offers a line of products in carbon steel, stainless steel, alloy steels, and aluminum, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing.