Victory Capital Management Inc. Acquires 65,181 Shares of Ryerson Holding Co. (NYSE:RYI)

Victory Capital Management Inc. increased its holdings in shares of Ryerson Holding Co. (NYSE:RYI - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,215,679 shares of the basic materials company's stock after purchasing an additional 65,181 shares during the quarter. Victory Capital Management Inc. owned 3.82% of Ryerson worth $22,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Newbridge Financial Services Group Inc. bought a new stake in Ryerson in the 4th quarter worth approximately $54,000. FMR LLC boosted its position in Ryerson by 159.7% in the third quarter. FMR LLC now owns 7,649 shares of the basic materials company's stock worth $152,000 after purchasing an additional 4,704 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of Ryerson during the 3rd quarter valued at about $207,000. US Bancorp DE increased its position in shares of Ryerson by 150.8% during the 4th quarter. US Bancorp DE now owns 11,246 shares of the basic materials company's stock valued at $208,000 after purchasing an additional 6,762 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Ryerson in the 3rd quarter worth approximately $272,000. Institutional investors own 94.81% of the company's stock.

Insider Transactions at Ryerson

In other news, CEO Edward J. Lehner sold 10,000 shares of Ryerson stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $24.79, for a total transaction of $247,900.00. Following the sale, the chief executive officer now owns 593,228 shares in the company, valued at $14,706,122.12. This trade represents a 1.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO James J. Claussen sold 6,017 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $25.30, for a total transaction of $152,230.10. Following the transaction, the chief financial officer now directly owns 58,773 shares of the company's stock, valued at $1,486,956.90. The trade was a 9.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.95% of the company's stock.

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Ryerson Stock Performance

Shares of RYI stock traded up $0.10 during trading hours on Thursday, reaching $22.63. 141,546 shares of the company traded hands, compared to its average volume of 263,699. The firm has a 50-day moving average price of $22.09 and a 200 day moving average price of $21.68. The company has a market cap of $720.82 million, a P/E ratio of -87.04 and a beta of 1.53. Ryerson Holding Co. has a 12-month low of $17.18 and a 12-month high of $34.65. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.22 and a quick ratio of 1.06.

Ryerson (NYSE:RYI - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The basic materials company reported ($0.14) earnings per share for the quarter, topping analysts' consensus estimates of ($0.48) by $0.34. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. Ryerson had a negative net margin of 0.19% and a negative return on equity of 0.70%. As a group, sell-side analysts predict that Ryerson Holding Co. will post 1.2 earnings per share for the current fiscal year.

Ryerson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a $0.1875 dividend. The ex-dividend date is Thursday, March 6th. This represents a $0.75 annualized dividend and a dividend yield of 3.31%. Ryerson's payout ratio is -288.46%.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets raised their target price on Ryerson from $23.00 to $25.00 and gave the stock a "market perform" rating in a report on Monday, February 24th.

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.