Teacher Retirement System of Texas Makes New $329,000 Investment in Ryerson Holding Co. (NYSE:RYI)

Teacher Retirement System of Texas purchased a new position in Ryerson Holding Co. (NYSE:RYI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 17,748 shares of the basic materials company's stock, valued at approximately $329,000. Teacher Retirement System of Texas owned 0.06% of Ryerson at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Newbridge Financial Services Group Inc. bought a new stake in shares of Ryerson in the fourth quarter valued at approximately $54,000. FMR LLC raised its holdings in Ryerson by 159.7% during the 3rd quarter. FMR LLC now owns 7,649 shares of the basic materials company's stock valued at $152,000 after acquiring an additional 4,704 shares during the period. Intech Investment Management LLC bought a new stake in Ryerson during the 3rd quarter valued at $207,000. US Bancorp DE lifted its position in shares of Ryerson by 150.8% during the fourth quarter. US Bancorp DE now owns 11,246 shares of the basic materials company's stock worth $208,000 after acquiring an additional 6,762 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of Ryerson in the fourth quarter valued at $339,000. Hedge funds and other institutional investors own 94.81% of the company's stock.

Ryerson Price Performance

Ryerson stock traded up $0.04 during midday trading on Friday, reaching $21.13. 682,092 shares of the stock were exchanged, compared to its average volume of 311,421. The company's fifty day moving average is $23.24 and its 200-day moving average is $22.18. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 2.22. Ryerson Holding Co. has a 52 week low of $17.18 and a 52 week high of $34.65. The firm has a market cap of $672.95 million, a PE ratio of -81.26 and a beta of 1.35.

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

Ryerson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date was Thursday, March 6th. Ryerson's dividend payout ratio is currently -288.46%.

Insider Buying and Selling at Ryerson

In related news, CEO Edward J. Lehner sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $24.79, for a total value of $247,900.00. Following the completion of the sale, the chief executive officer now owns 593,228 shares in the company, valued at $14,706,122.12. The trade was a 1.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO James J. Claussen sold 6,017 shares of the stock in a transaction that occurred 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 owns 58,773 shares in the company, 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. 3.95% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

About Ryerson

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.