Ryerson Holding Corporation (NYSE:RYI) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its holdings in Ryerson Holding Corporation (NYSE:RYI) by 35.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,021 shares of the basic materials company’s stock after acquiring an additional 6,273 shares during the quarter. Teacher Retirement System of Texas owned 0.08% of Ryerson worth $552,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Franklin Resources Inc. boosted its holdings in Ryerson by 85.8% in the fourth quarter. Franklin Resources Inc. now owns 2,329,803 shares of the basic materials company’s stock worth $43,125,000 after acquiring an additional 1,075,963 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Ryerson by 19.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,014,110 shares of the basic materials company’s stock worth $18,771,000 after acquiring an additional 166,596 shares in the last quarter. American Century Companies Inc. boosted its holdings in Ryerson by 7.9% in the fourth quarter. American Century Companies Inc. now owns 930,439 shares of the basic materials company’s stock worth $17,222,000 after acquiring an additional 68,022 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in Ryerson by 2.0% in the fourth quarter. William Blair Investment Management LLC now owns 855,246 shares of the basic materials company’s stock worth $15,831,000 after acquiring an additional 17,075 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Ryerson by 7.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 704,448 shares of the basic materials company’s stock worth $13,039,000 after acquiring an additional 49,905 shares in the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Ryerson from a “buy” rating to a “hold” rating in a report on Friday, May 9th.

Ryerson Trading Up 0.2%

Ryerson stock opened at $22.65 on Thursday. The company has a quick ratio of 0.99, a current ratio of 2.00 and a debt-to-equity ratio of 0.61. Ryerson Holding Corporation has a 52 week low of $17.18 and a 52 week high of $27.41. The company has a market capitalization of $729.30 million, a price-to-earnings ratio of -102.95 and a beta of 1.54. The stock has a 50-day moving average price of $21.70 and a 200 day moving average price of $21.95.

Ryerson (NYSE:RYI) last released its earnings results on Wednesday, April 30th. The basic materials company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.05. Ryerson had a negative return on equity of 0.65% and a negative net margin of 0.15%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.16 billion. Sell-side analysts anticipate that Ryerson Holding Corporation will post 1.2 EPS for the current year.

Ryerson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were paid a dividend of $0.1875 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.31%. Ryerson’s payout ratio is -340.91%.

Ryerson 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.